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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Hartford Financial Services Group in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
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9 Wall Street research analysts have issued twelve-month price targets for The Hartford Financial Services Group's stock. Their HIG share price forecasts range from $71.00 to $104.00. On average, they anticipate the company's share price to reach $83.50 in the next year. This suggests a possible upside of 11.7% from the stock's current price.
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The Hartford Financial Services Group's stock was trading at $75.83 at the beginning of 2023. Since then, HIG stock has decreased by 1.4% and is now trading at $74.77.
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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 the consensus estimate of $5.74 billion. The Hartford Financial Services Group had a trailing twelve-month return on equity of 17.92% and a net margin of 8.12%. The Hartford Financial Services Group's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $2.02 earnings per share.

The Hartford Financial Services Group declared a quarterly dividend on Thursday, October 27th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.425 per share on Wednesday, January 4th. This represents a $1.70 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Wednesday, November 30th. This is an increase from the stock's previous quarterly dividend of $0.39.
Read our dividend analysis for HIG.

The Hartford Financial Services Group (NYSE:HIG) pays an annual dividend of $1.70 per share and currently has a dividend yield of 2.27%. 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 18.34% 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 shareholders include Newport Trust Co (0.97%), Sumitomo Mitsui Trust Holdings Inc. (0.35%), Ceredex Value Advisors LLC (0.26%), New York State Common Retirement Fund (0.14%), Wedge Capital Management L L P NC (0.13%) and New York State Teachers Retirement System (0.12%). Insiders that own company stock include Amy Stepnowski, Beth Ann Costello, Christopher Swift, David C Robinson, Douglas G Elliot, Jonathan R Bennett, Robert B Allardice III, Robert W Paiano, Scott R Lewis, Trevor Fetter, William A Bloom and William A Bloom.
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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 $74.77.

The Hartford Financial Services Group (NYSE:HIG) has a market capitalization of $23.78 billion and generates $22.36 billion in revenue each year. The insurance provider earns $2.37 billion in net income (profit) each year or $5.45 on an earnings per share basis.

The company employs 18,100 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.