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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Hartford Financial Services Group in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HIG shares.
View HIG analyst ratings or view top-rated stocks.

7 brokerages have issued 12-month target prices for The Hartford Financial Services Group's stock. Their HIG share price forecasts range from $71.00 to $104.00. On average, they predict the company's share price to reach $83.10 in the next year. This suggests a possible upside of 9.9% 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 $69.04 on January 1st, 2022. Since then, HIG shares have increased by 9.5% and is now trading at $75.63.
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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 2,650,000 shares, an increase of 7.7% from the October 31st total of 2,460,000 shares. Based on an average daily trading volume, of 1,800,000 shares, the short-interest ratio is presently 1.5 days. Approximately 0.8% of the shares of the company are sold short.
View The Hartford Financial Services Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our HIG earnings forecast.

The Hartford Financial Services Group, Inc. (NYSE:HIG) posted its earnings results on Thursday, October, 27th. The insurance provider reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.49 by $0.05. The insurance provider had revenue of $5.58 billion for the quarter, compared to analysts' expectations of $5.54 billion. The Hartford Financial Services Group had a trailing twelve-month return on equity of 16.51% and a net margin of 8.82%. The business's revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS.
Read the conference call transcript.

The Hartford Financial Services Group announced 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 dividend yield of 2.25%. The ex-dividend date of this dividend 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 $1.54 per share and currently has a dividend yield of 2.02%. 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 26.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HIG will have a dividend payout ratio of 18.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HIG.

The Hartford Financial Services Group announced that its Board of Directors has authorized a share buyback plan on Thursday, December 17th 2020, which authorizes the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 8.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.50%), BlackRock Inc. (7.54%), Price T Rowe Associates Inc. MD (6.02%), State Street Corp (5.68%), Dimensional Fund Advisors LP (1.78%) and LSV Asset Management (1.59%). Insiders that own company stock include 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 $75.63.

The Hartford Financial Services Group (NYSE:HIG) has a market capitalization of $24.06 billion and generates $22.39 billion in revenue each year. The insurance provider earns $2.37 billion in net income (profit) each year or $5.74 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.