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

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Hartford Financial Services Group in the last twelve months. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" HIG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HIG, but not buy additional shares or sell existing shares.
View HIG analyst ratings or view top-rated stocks.

11 brokerages have issued 1 year target prices for The Hartford Financial Services Group's shares. Their HIG share price forecasts range from $72.00 to $104.00. On average, they anticipate the company's stock price to reach $86.00 in the next year. This suggests a possible upside of 30.1% 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 the year. Since then, HIG shares have decreased by 12.8% and is now trading at $66.12.
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The Hartford Financial Services Group saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 3,190,000 shares, an increase of 7.0% from the February 13th total of 2,980,000 shares. Based on an average daily volume of 1,660,000 shares, the short-interest ratio is currently 1.9 days. Approximately 1.0% of the shares of the company 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) posted its quarterly earnings results on Friday, February, 3rd. The insurance provider reported $2.31 earnings per share (EPS) 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 the consensus estimate of $5.74 billion. The Hartford Financial Services Group had a trailing twelve-month return on equity of 18.15% and a net margin of 8.12%. The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $2.02 EPS.

The Hartford Financial Services Group declared a quarterly dividend on Wednesday, February 22nd. Stockholders of record on Monday, March 6th will be paid a dividend of $0.425 per share on Tuesday, April 4th. This represents a $1.70 annualized dividend and a yield of 2.57%. 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 2.44%. 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 institutional and retail investors. Top institutional investors 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 $66.12.

The Hartford Financial Services Group (NYSE:HIG) has a market capitalization of $20.70 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.