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NYSE:HIG

The Hartford Financial Services Group Stock Forecast, Price & News

$46.49
+0.65 (+1.42 %)
(As of 12/4/2020 12:00 AM ET)
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Today's Range
$46.15
Now: $46.49
$46.85
50-Day Range
$37.19
MA: $42.32
$47.53
52-Week Range
$19.04
Now: $46.49
$61.69
Volume2.75 million shs
Average Volume2.82 million shs
Market Capitalization$16.66 billion
P/E Ratio9.73
Dividend Yield2.84%
Beta0.99
The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance products; 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, 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 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 logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.49 out of 5 stars


Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryMulti-line Insurance
SectorFinance
CUSIP41651510
Phone860-547-5000
Employees19,500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.74 billion
Cash Flow$6.92 per share
Book Value$48.75 per share

Profitability

Net Income$2.09 billion

Miscellaneous

Market Cap$16.66 billion
Next Earnings Date2/1/2021 (Estimated)
OptionableOptionable
$46.49
+0.65 (+1.42 %)
(As of 12/4/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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The Hartford Financial Services Group (NYSE:HIG) Frequently Asked Questions

How has The Hartford Financial Services Group's stock been impacted by Coronavirus (COVID-19)?

The Hartford Financial Services Group's stock was trading at $45.13 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, HIG shares have increased by 3.0% and is now trading at $46.49.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of The Hartford Financial Services Group?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Hartford Financial Services Group in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for The Hartford Financial Services Group
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than The Hartford Financial Services Group?

Wall Street analysts have given The Hartford Financial Services Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Hartford Financial Services Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is The Hartford Financial Services Group's next earnings date?

The Hartford Financial Services Group is scheduled to release its next quarterly earnings announcement on Monday, February 1st 2021.
View our earnings forecast for The Hartford Financial Services Group
.

How were The Hartford Financial Services Group's earnings last quarter?

The Hartford Financial Services Group, Inc. (NYSE:HIG) announced its earnings results on Thursday, October, 29th. The insurance provider reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.88 by $0.58. The insurance provider had revenue of $5.17 billion for the quarter, compared to analyst estimates of $5.15 billion. The Hartford Financial Services Group had a net margin of 8.50% and a return on equity of 12.19%. The business's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 earnings per share.
View The Hartford Financial Services Group's earnings history
.

How often does The Hartford Financial Services Group pay dividends? What is the dividend yield for The Hartford Financial Services Group?

The Hartford Financial Services Group declared a quarterly dividend on Wednesday, October 21st. Investors of record on Tuesday, December 1st will be paid a dividend of $0.325 per share on Tuesday, January 5th. This represents a $1.30 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Monday, November 30th.
View The Hartford Financial Services Group's dividend history
.

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

The Hartford Financial Services Group announced that its board has initiated a share buyback program on Monday, February 4th 2019, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 5.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

What price target have analysts set for HIG?

14 Wall Street analysts have issued 1-year price targets for The Hartford Financial Services Group's stock. Their forecasts range from $46.00 to $67.00. On average, they anticipate The Hartford Financial Services Group's share price to reach $54.36 in the next year. This suggests a possible upside of 16.9% from the stock's current price.
View analysts' price targets for The Hartford Financial Services Group
.

Are investors shorting The Hartford Financial Services Group?

The Hartford Financial Services Group saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 4,440,000 shares, an increase of 13.0% from the October 31st total of 3,930,000 shares. Based on an average daily volume of 2,380,000 shares, the short-interest ratio is currently 1.9 days. Currently, 1.2% of the company's shares are short sold.
View The Hartford Financial Services Group's Short Interest
.

Who are some of The Hartford Financial Services Group's key competitors?

What other stocks do shareholders of The Hartford Financial Services Group own?

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), The 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).

Who are The Hartford Financial Services Group's key executives?

The Hartford Financial Services Group's management team includes the following people:
  • Mr. Christopher Jerome Swift, Chairman & CEO (Age 59, Pay $5.84M)
  • Mr. Douglas Graham Elliot, Pres (Age 60, Pay $3.9M)
  • Ms. Beth A. Costello, Exec. VP & CFO (Age 52, Pay $2.64M)
  • Mr. William A. Bloom, Exec. VP, Operations, Technology & Data (Age 56, Pay $2.18M)
  • Mr. Brion Scott Johnson C.F.A., CFA, Advisor (Age 60, Pay $2.55M)
  • Ms. Amy Stepnowski, Chief Investment Officer
  • Ms. Deepa Soni, Chief Information Officer
  • Ms. Susan Spivak Bernstein, Sr. Investor Relations Officer
  • Ms. Patricia A. McEvoy, Chief Ethics & Compliance Officer
  • Mr. David C. Robinson, Exec. VP & Gen. Counsel (Age 54)

What is The Hartford Financial Services Group's stock symbol?

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

Who are The Hartford Financial Services Group's major shareholders?

The Hartford Financial Services Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.78%), State Street Corp (5.59%), Diamond Hill Capital Management Inc. (1.74%), LSV Asset Management (1.44%), Charles Schwab Investment Management Inc. (1.33%) and Massachusetts Financial Services Co. MA (1.13%). Company insiders that own The Hartford Financial Services Group stock include Beth Ann Costello, Brion S Johnson, Christopher Swift, David C Robinson, Jonathan R Bennett, Julie Richardson, Martha Gervasi, Robert B Allardice III, Robert W Paiano, Trevor Fetter and William A Bloom.
View institutional ownership trends for The Hartford Financial Services Group
.

Which major investors are selling The Hartford Financial Services Group stock?

HIG stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, California Public Employees Retirement System, Lord Abbett & CO. LLC, Thrivent Financial for Lutherans, Ceredex Value Advisors LLC, Allianz Asset Management GmbH, Wells Fargo & Company MN, and Prana Capital Management LP.
View insider buying and selling activity for The Hartford Financial Services Group
.

Which major investors are buying The Hartford Financial Services Group stock?

HIG stock was purchased by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., State of Tennessee Treasury Department, Charles Schwab Investment Management Inc., Cubist Systematic Strategies LLC, AXA S.A., Arrowstreet Capital Limited Partnership, Morgan Stanley, and Equity Investment Corp. Company insiders that have bought The Hartford Financial Services Group stock in the last two years include Christopher Swift, Julie Richardson, and Trevor Fetter.
View insider buying and selling activity for The Hartford Financial Services Group
.

How do I buy shares of The 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, Robinhood, Fidelity, and Charles Schwab.

What is The Hartford Financial Services Group's stock price today?

One share of HIG stock can currently be purchased for approximately $46.49.

How big of a company is The Hartford Financial Services Group?

The Hartford Financial Services Group has a market capitalization of $16.66 billion and generates $20.74 billion in revenue each year. The insurance provider earns $2.09 billion in net income (profit) each year or $5.65 on an earnings per share basis. The Hartford Financial Services Group employs 19,500 workers across the globe.

What is The Hartford Financial Services Group's official website?

The official website for The Hartford Financial Services Group is www.thehartford.com.

How can I contact The Hartford Financial Services Group?

The 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]

This page was last updated on 12/5/2020 by MarketBeat.com Staff

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