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

The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company's Personal Lines segment provides automobile, homeowners, and personal umbrella coverages through direct-to-consumer channel and independent agents. Its Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. The company's Group Benefits segment provides group life, disability, and other group coverages to members of employer groups, associations, and affinity groups through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; and a single-company leave management solution. This segment distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Its Hartford Funds segment offers investment products for retail and retirement accounts; exchange-traded products through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust groups, and registered investment advisers; and investment management and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.

The Hartford Financial Services Group Stock Down 0.1 %

HIG Stock opened at $68.88 on Tuesday. The stock has a market capitalization of $22.26 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 1.37 and a beta of 0.93. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The Hartford Financial Services Group has a 12 month low of $61.59 and a 12 month high of $78.17. The firm has a 50-day moving average price of $65.40 and a 200-day moving average price of $68.97.

The Hartford Financial Services Group (NYSE:HIG - Get Rating) last posted its earnings results on Thursday, July 28th. The insurance provider reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.63. The firm had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $5.53 billion. The Hartford Financial Services Group had a net margin of 9.42% and a return on equity of 15.03%. During the same quarter in the prior year, the business earned $2.33 earnings per share. As a group, equities research analysts anticipate that The Hartford Financial Services Group will post 7.19 EPS for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Thursday, September 1st will be issued a $0.385 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.54 dividend on an annualized basis and a yield of 2.24%. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 25.33%.

Analyst Ratings Changes

A number of research analysts have weighed in on HIG shares. Barclays cut their price target on shares of The Hartford Financial Services Group to $78.00 in a research note on Tuesday, August 9th. Jefferies Financial Group cut their price target on shares of The Hartford Financial Services Group from $77.00 to $72.00 and set a "hold" rating on the stock in a research note on Tuesday, July 12th. Morgan Stanley cut their price target on shares of The Hartford Financial Services Group from $77.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Monday, May 23rd. Citigroup started coverage on shares of The Hartford Financial Services Group in a research note on Monday, May 23rd. They issued a "buy" rating and a $81.00 price target on the stock. Finally, Royal Bank of Canada cut their price objective on shares of The Hartford Financial Services Group from $77.00 to $71.00 and set a "sector perform" rating on the stock in a research report on Monday, August 1st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, The Hartford Financial Services Group has an average rating of "Moderate Buy" and a consensus price target of $80.27.

Insider Activity at The Hartford Financial Services Group

In related news, SVP Scott R. Lewis sold 2,558 shares of the firm's stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $65.04, for a total value of $166,372.32. Following the completion of the transaction, the senior vice president now owns 18,396 shares in the company, valued at approximately $1,196,475.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.80% of the stock is owned by company insiders.