The Hartford Financial Services Group - HIG Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Hartford Financial Services Group in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HIG shares.
View HIG analyst ratings or view top-rated stocks.

11 Wall Street research analysts have issued 12-month target prices for The Hartford Financial Services Group's stock. Their HIG share price forecasts range from $72.00 to $104.00. On average, they predict the company's share price to reach $86.00 in the next twelve months. This suggests a possible upside of 23.6% from the stock's current price.
View analysts price targets for HIG or view top-rated stocks among Wall Street analysts.

The Hartford Financial Services Group's stock was trading at $75.83 at the beginning of 2023. Since then, HIG stock has decreased by 8.2% and is now trading at $69.58.
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The Hartford Financial Services Group saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 4,480,000 shares, an increase of 40.4% from the February 28th total of 3,190,000 shares. Based on an average daily trading volume, of 2,150,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.4% of the shares of the stock are short sold.
View The Hartford Financial Services Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our HIG earnings forecast.

The Hartford Financial Services Group, Inc. (NYSE:HIG) issued its earnings results on Friday, February, 3rd. The insurance provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.45. The insurance provider had revenue of $6.02 billion for the quarter, compared to analysts' expectations of $5.74 billion. The Hartford Financial Services Group had a net margin of 8.12% and a trailing twelve-month return on equity of 18.15%. The company's revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $2.02 earnings per share.

The Hartford Financial Services Group announced a quarterly dividend on Wednesday, February 22nd. Investors of record on Monday, March 6th will be given a dividend of $0.425 per share on Tuesday, April 4th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, March 3rd.
Read our dividend analysis for HIG.

ETFs with the largest weight of The Hartford Financial Services Group (NYSE:HIG) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), iShares U.S. Insurance ETF (IAK), VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV), SPDR S&P Insurance ETF (KIE), Nuveen ESG Mid-Cap Value ETF (NUMV), Invesco Zacks Mid-Cap ETF (CZA), Fidelity Women's Leadership ETF (FDWM) and AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG).

The Hartford Financial Services Group (NYSE:HIG) pays an annual dividend of $1.70 per share and currently has a dividend yield of 2.57%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HIG will have a dividend payout ratio of 18.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HIG.

839 employees have rated The Hartford Financial Services Group Chief Executive Officer Christopher Swift on Glassdoor.com. Christopher Swift has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other The Hartford Financial Services Group investors own include Bank of America (BAC), AT&T (T), Walt Disney (DIS), Intel (INTC), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), Cisco Systems (CSCO), CVS Health (CVS), Bristol-Myers Squibb (BMY) and Pfizer (PFE).

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

The Hartford Financial Services Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (7.79%), Charles Schwab Investment Management Inc. (2.17%), Geode Capital Management LLC (2.03%), Dimensional Fund Advisors LP (1.77%), LSV Asset Management (1.58%) and Norges Bank (1.15%). Insiders that own company stock include Adin M Tooker, Amy Stepnowski, Beth Ann Costello, Christopher Swift, David C Robinson, Douglas G Elliot, Jonathan R Bennett, Michael R Fisher, Robert B Allardice III, Robert W Paiano, Scott R Lewis, William A Bloom and William A Bloom.
View institutional ownership trends.

Shares of HIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HIG stock can currently be purchased for approximately $69.58.

The Hartford Financial Services Group (NYSE:HIG) has a market capitalization of $21.78 billion and generates $22.36 billion in revenue each year. The insurance provider earns $1.82 billion in net income (profit) each year or $5.45 on an earnings per share basis.

The company employs 18,800 workers across the globe.

The Hartford Financial Services Group's mailing address is ONE HARTFORD PLAZA, HARTFORD CT, 06155. The official website for the company is www.thehartford.com. The insurance provider can be reached via phone at (860) 547-5000, via email at investorrelations@thehartford.com, or via fax at 888-322-8444.