NYSE:HIG - Hartford Financial Services Group Stock Price, News, & Analysis

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$53.24 -0.08 (-0.15 %)
(As of 05/26/2019 04:00 PM ET)
Previous Close$53.24
Today's Range$52.96 - $53.71
52-Week Range$40.54 - $54.28
Volume2.48 million shs
Average Volume2.13 million shs
Market Capitalization$19.25 billion
P/E Ratio12.30
Dividend Yield2.25%
Beta0.73
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. This segment provides its products and services through regional offices, branches, sales and policyholder service centers, independent agents, brokers, and wholesalers. The company's Personal Lines segment offers automobile, homeowners, and personal umbrella coverages through direct-to-consumer channel and independent agents. Its Property & Casualty Other Operations segment provides coverage for asbestos and environmental exposures. The company's Group Benefits segment offers group life, and accident and disability coverages, as well as other group coverages to members of employer and affinity groups, and associations 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 provides 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.

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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$5.7557 per share
Book Value$38.74 per share

Profitability

Net Income$1.81 billion

Miscellaneous

Employees18,500
Market Cap$19.25 billion
Next Earnings Date7/25/2019 (Estimated)
OptionableOptionable

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 announced a quarterly dividend on Friday, May 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.30 per share on Monday, July 1st. This represents a $1.20 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, May 31st. View Hartford Financial Services Group's Dividend History.

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

Hartford Financial Services Group announced that its board has authorized a stock buyback program on Monday, February 4th 2019, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 5.9% of its shares through open market purchases. Shares buyback programs are often 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) released its quarterly earnings data on Wednesday, May, 1st. The insurance provider reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.15. The insurance provider had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.84 billion. Hartford Financial Services Group had a return on equity of 12.46% and a net margin of 9.58%. Hartford Financial Services Group's revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 EPS. 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 Thursday, July 25th 2019. View Earnings Estimates for Hartford Financial Services Group.

What price target have analysts set for HIG?

12 equities research analysts have issued 12-month price targets for Hartford Financial Services Group's stock. Their predictions range from $52.00 to $62.00. On average, they expect Hartford Financial Services Group's share price to reach $57.5455 in the next year. This suggests a possible upside of 8.1% 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?

12 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 9 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 shares have outperformed its industry year to date.  Its strategic initiatives pave the way for long-term growth. Moreover, its investment results are impressive. Its prudent capital management also remains a positive. The company’s performance has improved owing to a sturdy underwriting, strong investment performance and lower tax rates. The acqusition of Navigators will expand its business profile and will lead to long term growth. Its first-quarter 2019 adjusted operating earnings of $1.39 per share beat the Zacks Consensus Estimate by 12% as well as improved 9.4% year over year, backed by stronger core earnings in Group Benefits and lower Corporate core losses. However, the company is exposed to catastrophic loss, weighing down its margins. Moreover, softness in Personal Lines segment for the past few years remains a major headwind. Escalating expenses is another concern for the company." (5/20/2019)
  • 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?

News stories about HIG stock have trended somewhat negative on Sunday, according to InfoTrie. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Hartford Financial Services Group earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned news headlines about the insurance provider a news buzz of 9.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near future.

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), Bank of America (BAC), General Electric (GE), Ford Motor (F), AT&T (T), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), Wells Fargo & Co (WFC), EnLink Midstream (ENLC) and Pfizer (PFE).

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 number of of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (3.60%), FMR LLC (2.26%), LSV Asset Management (1.49%), Dimensional Fund Advisors LP (1.46%), Geode Capital Management LLC (1.36%) and Diamond Hill Capital Management Inc. (1.25%). Company insiders that own Hartford Financial Services Group stock include Beth Ann Bombara, Brion S Johnson, Christopher Swift, David C Robinson, Julie Richardson, Martha Gervasi, Robert W Paiano, Scott R Lewis and Trevor Fetter. View Institutional Ownership Trends for Hartford Financial Services Group.

Which major investors are selling Hartford Financial Services Group stock?

HIG stock was sold by a variety of institutional investors in the last quarter, including O Shaughnessy Asset Management LLC, Victory Capital Management Inc., Renaissance Technologies LLC, Morgan Stanley, FMR LLC, Goldman Sachs Group Inc., Natixis and Systematic Financial Management LP. Company insiders that have sold Hartford Financial Services Group company stock in the last year include Beth Ann Bombara, Brion S Johnson, David C Robinson, Martha Gervasi and Robert W Paiano. View Insider Buying and Selling for Hartford Financial Services Group.

Which major investors are buying Hartford Financial Services Group stock?

HIG stock was purchased by a variety of institutional investors in the last quarter, including Rothschild & Co. Asset Management US Inc., Neuberger Berman Group LLC, AJO LP, Acadian Asset Management LLC, Man Group plc, Wellington Management Group LLP, California Public Employees Retirement System and Geode Capital Management LLC. 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, Scottrade, 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 $53.24.

How big of a company is Hartford Financial Services Group?

Hartford Financial Services Group has a market capitalization of $19.25 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.

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:  502 (Vote Outperform)
Underperform Votes:  451 (Vote Underperform)
Total Votes:  953
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 5/26/2019 by MarketBeat.com Staff

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