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Hartford Financial Services Group Stock Price, Forecast & Analysis (NYSE:HIG)

$61.63
-0.27 (-0.44 %)
(As of 11/22/2019 03:23 AM ET)
Today's Range
$61.37
Now: $61.63
$61.95
50-Day Range
$56.50
MA: $59.23
$62.23
52-Week Range
$40.54
Now: $61.63
$62.50
Volume1.33 million shs
Average Volume2.02 million shs
Market Capitalization$22.21 billion
P/E Ratio14.23
Dividend Yield1.94%
Beta0.62
The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages. Read More…

Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryMulti-line Insurance
SectorFinance
CUSIP41651510
Phone860-547-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$18.96 billion
Cash Flow$5.77 per share
Book Value$35.59 per share

Profitability

Net Income$1.81 billion

Miscellaneous

Employees18,500
Market Cap$22.21 billion
Next Earnings Date2/3/2020 (Estimated)
OptionableOptionable

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Hartford Financial Services Group (NYSE:HIG) Frequently Asked Questions

What is Hartford Financial Services Group's stock symbol?

Hartford Financial Services Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "HIG."

How often does Hartford Financial Services Group pay dividends? What is the dividend yield for Hartford Financial Services Group?

Hartford Financial Services Group declared a quarterly dividend on Wednesday, October 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.30 per share on Thursday, January 2nd. This represents a $1.20 annualized dividend and a yield of 1.95%. The ex-dividend date is Friday, November 29th. View Hartford Financial Services Group's Dividend History.

How will Hartford Financial Services Group's stock buyback program work?

Hartford Financial Services Group declared that its Board of Directors has authorized a stock repurchase program on Monday, February 4th 2019, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 5.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.

How were Hartford Financial Services Group's earnings last quarter?

Hartford Financial Services Group Inc (NYSE:HIG) issued its earnings results on Monday, November, 4th. The insurance provider reported $1.50 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.24 by $0.26. The insurance provider had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.22 billion. Hartford Financial Services Group had a return on equity of 12.69% and a net margin of 8.66%. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 earnings per share. View Hartford Financial Services Group's Earnings History.

When is Hartford Financial Services Group's next earnings date?

Hartford Financial Services Group is scheduled to release their next quarterly earnings announcement on Monday, February 3rd 2020. View Earnings Estimates for Hartford Financial Services Group.

What price target have analysts set for HIG?

14 brokerages have issued 12-month target prices for Hartford Financial Services Group's shares. Their forecasts range from $53.00 to $70.00. On average, they expect Hartford Financial Services Group's stock price to reach $63.91 in the next twelve months. This suggests a possible upside of 3.7% from the stock's current price. View Analyst Price Targets for Hartford Financial Services Group.

What is the consensus analysts' recommendation for Hartford Financial Services Group?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hartford Financial Services Group in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Hartford Financial Services Group.

What are Wall Street analysts saying about Hartford Financial Services Group stock?

Here are some recent quotes from research analysts about Hartford Financial Services Group stock:
  • 1. According to Zacks Investment Research, "Hartford Financial’s third-quarter 2019 adjusted operating earnings of $1.50 per share beat the Zacks Consensus Estimate by 19% and improved 30.4% on higher revenues and Commercial Lines business. Its shares have outperformed its industry in a year's time. Its strategic divestitures pave the way for long-term growth. Its investment results and capital management are impressive. Its results have improved owing to a sturdy underwriting, strong investment performance and lower tax rates. The acquisition of Navigators will expand its Commercial Lines business by enhancing its product offerings and increasing geographical reach. Its decreasing debt level is also impressive. However, it is exposed to catastrophic loss, weighing down its margins. Softness in Personal Lines segment and escalating expenses are other concerns." (11/7/2019)
  • 2. Wells Fargo & Co analysts commented, "We are not changing our EPS estimates at this time. HIG should preview its fire losses during a conference presentation next week (on 12/5). We expect the shares to not be significantly impacted by the meetings. Our sense is investors are more interested in The Hartford due to its lower valuation but are looking for a catalyst. We see the first catalyst as being either the company points to improved comp trends on its Q4 earnings call in February, or most likely when capital return becomes part of the story in H2 2019. We continue to have a Market Perform rating on the shares." (11/29/2018)

Has Hartford Financial Services Group been receiving favorable news coverage?

Media coverage about HIG stock has trended neutral on Friday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Hartford Financial Services Group earned a news sentiment score of 0.1 on InfoTrie's scale. They also gave news stories about the insurance provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Hartford Financial Services Group.

Are investors shorting Hartford Financial Services Group?

Hartford Financial Services Group saw a increase in short interest in the month of October. As of October 15th, there was short interest totalling 3,060,000 shares, an increase of 7.7% from the September 15th total of 2,840,000 shares. Based on an average daily trading volume, of 1,810,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.9% of the company's shares are sold short. View Hartford Financial Services Group's Current Options Chain.

Who are some of Hartford Financial Services Group's key competitors?

What other stocks do shareholders of Hartford Financial Services Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hartford Financial Services Group investors own include Intel (INTC), General Electric (GE), AT&T (T), Bank of America (BAC), Cisco Systems (csco), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Micron Technology (MU), Verizon Communications (VZ) and Ford Motor (F).

Who are Hartford Financial Services Group's key executives?

Hartford Financial Services Group's management team includes the folowing people:
  • Mr. Christopher Jerome Swift, Chairman & CEO (Age 58)
  • Mr. Douglas Graham Elliot, Pres (Age 59)
  • Ms. Beth A. Bombara Costello, Exec. VP & CFO (Age 51)
  • Mr. William A. Bloom, Exec. VP of Operations, Technology & Data (Age 55)
  • Mr. Brion Scott Johnson C.F.A., CFA, Exec. VP & Chief Investment Officer (Age 59)

Who are Hartford Financial Services Group's major shareholders?

Hartford Financial Services Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Diamond Hill Capital Management Inc. (1.20%), Newport Trust Co (1.02%), Massachusetts Financial Services Co. MA (0.97%), California Public Employees Retirement System (0.83%), Marathon Asset Management LLP (0.61%) and Robeco Institutional Asset Management B.V. (0.59%). Company insiders that own Hartford Financial Services Group stock include Beth Ann Bombara, Beth Ann Costello, Brion S Johnson, Christopher Swift, David C Robinson, Jonathan R Bennett, Julie Richardson, Martha Gervasi, Robert B Allardice III, Robert W Paiano, Scott R Lewis, Trevor Fetter and William A Bloom. View Institutional Ownership Trends for Hartford Financial Services Group.

Which institutional investors are selling Hartford Financial Services Group stock?

HIG stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Newport Trust Co, Mackay Shields LLC, Marathon Asset Management LLP, Bowling Portfolio Management LLC, Russell Investments Group Ltd., Benin Management CORP and Wedge Capital Management L L P NC. Company insiders that have sold Hartford Financial Services Group company stock in the last year include Beth Ann Costello, Brion S Johnson, Christopher Swift, David C Robinson, Jonathan R Bennett, Martha Gervasi, Robert B Allardice III, Robert W Paiano and William A Bloom. View Insider Buying and Selling for Hartford Financial Services Group.

Which institutional investors are buying Hartford Financial Services Group stock?

HIG stock was acquired by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., CWM LLC, California Public Employees Retirement System, Cookson Peirce & Co. Inc., Massachusetts Financial Services Co. MA, First Trust Advisors LP, Teacher Retirement System of Texas and State of Alaska Department of Revenue. Company insiders that have bought Hartford Financial Services Group stock in the last two years include Christopher Swift, Julie Richardson and Trevor Fetter. View Insider Buying and Selling for Hartford Financial Services Group.

How do I buy shares of Hartford Financial Services Group?

Shares of HIG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Hartford Financial Services Group's stock price today?

One share of HIG stock can currently be purchased for approximately $61.63.

How big of a company is Hartford Financial Services Group?

Hartford Financial Services Group has a market capitalization of $22.21 billion and generates $18.96 billion in revenue each year. The insurance provider earns $1.81 billion in net income (profit) each year or $4.33 on an earnings per share basis. Hartford Financial Services Group employs 18,500 workers across the globe.View Additional Information About Hartford Financial Services Group.

What is Hartford Financial Services Group's official website?

The official website for Hartford Financial Services Group is http://www.thehartford.com/.

How can I contact Hartford Financial Services Group?

Hartford Financial Services Group's mailing address is ONE HARTFORD PLAZA, HARTFORD CT, 06155. The insurance provider can be reached via phone at 860-547-5000 or via email at [email protected]


MarketBeat Community Rating for Hartford Financial Services Group (NYSE HIG)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  544 (Vote Outperform)
Underperform Votes:  494 (Vote Underperform)
Total Votes:  1,038
MarketBeat's community ratings are surveys of what our community members think about Hartford Financial Services Group and other stocks. Vote "Outperform" if you believe HIG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HIG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/22/2019 by MarketBeat.com Staff

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