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2 Important Retail Stock Battles to Watch
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Closing prices for crude oil, gold and other commodities
Pipeline break spills 45,000 gallons of diesel in Wyoming
MarketBeat: Week in Review 8/8 - 8/12
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Sinema took Wall Street money while killing tax on investors
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Closing prices for crude oil, gold and other commodities
Pipeline break spills 45,000 gallons of diesel in Wyoming
MarketBeat: Week in Review 8/8 - 8/12
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Sinema took Wall Street money while killing tax on investors
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Closing prices for crude oil, gold and other commodities
Pipeline break spills 45,000 gallons of diesel in Wyoming
MarketBeat: Week in Review 8/8 - 8/12
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Sinema took Wall Street money while killing tax on investors
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Closing prices for crude oil, gold and other commodities
Pipeline break spills 45,000 gallons of diesel in Wyoming
MarketBeat: Week in Review 8/8 - 8/12
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Sinema took Wall Street money while killing tax on investors
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
MUST WATCH: Unusual 3-second financial maneuver (Ad)
NYSE:HIG

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

$68.96
+1.30 (+1.92%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$67.96
$69.01
50-Day Range
$61.64
$73.43
52-Week Range
$61.59
$78.17
Volume
1.71 million shs
Average Volume
2.00 million shs
Market Capitalization
$22.28 billion
P/E Ratio
11.34
Dividend Yield
2.28%
Price Target
$80.27

The Hartford Financial Services Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
16.4% Upside
$80.27 Price Target
Short Interest
Healthy
0.71% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.71
Upright™ Environmental Score
News Sentiment
-0.09mentions of The Hartford Financial Services Group in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$166,372 Sold Last Quarter
Proj. Earnings Growth
16.27%
From $7.19 to $8.36 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.05 out of 5 stars

Finance Sector

69th out of 918 stocks

Fire, Marine, & Casualty Insurance Industry

3rd out of 51 stocks

HIG stock logo

About The Hartford Financial Services Group (NYSE:HIG) Stock

The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; 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, disability, and other group coverages to members of employer groups, associations, and affinity groups 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 Trading Up 1.9 %

NYSE:HIG opened at $68.96 on Friday. The Hartford Financial Services Group has a fifty-two week low of $61.59 and a fifty-two week high of $78.17. The stock has a market cap of $22.28 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92. The stock has a 50 day simple moving average of $65.40 and a two-hundred day simple moving average of $68.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30.

The Hartford Financial Services Group (NYSE:HIG - Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The insurance provider reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.63. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $5.53 billion. The Hartford Financial Services Group had a return on equity of 15.03% and a net margin of 9.42%. During the same quarter last year, the company earned $2.33 EPS. On average, analysts forecast that The Hartford Financial Services Group will post 7.19 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Thursday, September 1st will be issued a $0.385 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.54 annualized dividend and a dividend yield of 2.23%. The Hartford Financial Services Group's dividend payout ratio (DPR) is 25.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays dropped their target price on shares of The Hartford Financial Services Group to $78.00 in a research report on Tuesday. Raymond James upped their price target on The Hartford Financial Services Group from $80.00 to $85.00 in a research report on Tuesday, May 3rd. Jefferies Financial Group dropped their price target on The Hartford Financial Services Group from $77.00 to $72.00 and set a "hold" rating on the stock in a research note on Tuesday, July 12th. Royal Bank of Canada decreased their price target on The Hartford Financial Services Group from $77.00 to $71.00 and set a "sector perform" rating on the stock in a research report on Monday, August 1st. Finally, Credit Suisse Group lifted their price target on The Hartford Financial Services Group from $93.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, June 3rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $80.27.

Insider Transactions at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, SVP Scott R. Lewis sold 2,558 shares of the business's stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $65.04, for a total transaction of $166,372.32. Following the sale, the senior vice president now directly owns 18,396 shares of the company's stock, valued at $1,196,475.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company's stock.

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HIG Stock News Headlines

HIG August 26th Options Begin Trading
The Hartford (HIG) Could Be a Great Choice
Hartford Financial declares $0.385 dividend
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HIG Company Calendar

Ex-Dividend for 7/5 Dividend
5/31/2022
Dividend Payable
7/05/2022
Last Earnings
7/28/2022
Today
8/13/2022
Ex-Dividend for 10/4 Dividend
8/31/2022
Dividend Payable
10/04/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Multi-line Insurance
Sector
Finance
CUSIP
41651510
Employees
18,100
Year Founded
1810

Price Target and Rating

Average Stock Price Forecast
$80.27
High Stock Price Forecast
$104.00
Low Stock Price Forecast
$71.00
Forecasted Upside/Downside
+16.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$2.37 billion
Pretax Margin
11.58%

Debt

Sales & Book Value

Annual Sales
$22.39 billion
Cash Flow
$8.35 per share
Book Value
$42.99 per share

Miscellaneous

Free Float
317,325,000
Market Cap
$22.28 billion
Optionable
Optionable
Beta
0.92

Social Links


Key Executives

  • Mr. Christopher Jerome Swift CPA (Age 61)
    Chairman & CEO
    Comp: $6.19M
  • Mr. Douglas Graham Elliot (Age 62)
    Pres
    Comp: $4.03M
  • Ms. Beth A. Costello (Age 54)
    Exec. VP & CFO
    Comp: $2.84M
  • Ms. Amy Marie Stepnowski (Age 53)
    Exec. VP & Chief Investment Officer
    Comp: $1.85M
  • Mr. David C. Robinson (Age 56)
    Exec. VP & Gen. Counsel
    Comp: $1.89M
  • Mr. John J. Kinney (Age 50)
    Exec. VP and Head of Claims & Operations
  • Ms. Deepa Soni (Age 52)
    Exec. VP and Head of Technology, Data, Analytics & Information Security
  • Ms. Susan Spivak Bernstein
    Sr. Investor Relations Officer
  • Ms. Claire H. Burns (Age 53)
    Chief Marketing & Communications Officer
  • Ms. Melinda Thompson
    Head of Sales & Distribution













HIG Stock - Frequently Asked Questions

Should I buy or sell The Hartford Financial Services Group stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Hartford Financial Services Group in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HIG shares.
View HIG analyst ratings
or view top-rated stocks.

What is The Hartford Financial Services Group's stock price forecast for 2022?

10 equities research analysts have issued 1 year 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 expect the company's stock price to reach $80.27 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price.
View analysts price targets for HIG
or view top-rated stocks among Wall Street analysts.

How have HIG shares performed in 2022?

The Hartford Financial Services Group's stock was trading at $69.04 at the beginning of 2022. Since then, HIG shares have decreased by 0.1% and is now trading at $68.96.
View the best growth stocks for 2022 here
.

Are investors shorting The Hartford Financial Services Group?

The Hartford Financial Services Group saw a decrease in short interest in July. As of July 31st, there was short interest totaling 2,290,000 shares, a decrease of 12.9% from the July 15th total of 2,630,000 shares. Based on an average trading volume of 1,960,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.7% of the company's stock are short sold.
View The Hartford Financial Services Group's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our HIG earnings forecast
.

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

The Hartford Financial Services Group, Inc. (NYSE:HIG) posted its quarterly earnings results on Thursday, July, 28th. The insurance provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.63. The insurance provider earned $3.77 billion during the quarter, compared to analyst estimates of $5.53 billion. The Hartford Financial Services Group had a trailing twelve-month return on equity of 15.03% and a net margin of 9.42%. During the same quarter in the previous year, the firm earned $2.33 EPS.
Read the conference call transcript
.

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, July 20th. Investors of record on Thursday, September 1st will be given a dividend of $0.385 per share on Tuesday, October 4th. This represents a $1.54 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Wednesday, August 31st.
Read our dividend analysis for HIG
.

Is The Hartford Financial Services Group a good dividend stock?

The Hartford Financial Services Group (NYSE:HIG) pays an annual dividend of $1.54 per share and currently has a dividend yield of 2.28%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HIG will have a dividend payout ratio of 18.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HIG.

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

The Hartford Financial Services Group declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 17th 2020, which allows the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 8.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

What is Christopher Swift's approval rating as The Hartford Financial Services Group's CEO?

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.

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), 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).

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 a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (4.12%), Franklin Resources Inc. (1.70%), Northern Trust Corp (1.11%), Newport Trust Co (0.98%), Clearbridge Investments LLC (0.64%) and Ceredex Value Advisors LLC (0.58%). Insiders that own company stock include Beth Ann Costello, Brion S Johnson, Christopher Swift, David C Robinson, Douglas G Elliot, Jonathan R Bennett, Martha Gervasi, Robert B Allardice III, Robert W Paiano, Scott R Lewis, Trevor Fetter, William A Bloom and William A Bloom.
View institutional ownership trends
.

How do I buy shares of The Hartford Financial Services Group?

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.
Compare Top Brokerages Here.

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

One share of HIG stock can currently be purchased for approximately $68.96.

How much money does The Hartford Financial Services Group make?

The Hartford Financial Services Group (NYSE:HIG) has a market capitalization of $22.28 billion and generates $22.39 billion in revenue each year. The insurance provider earns $2.37 billion in net income (profit) each year or $6.08 on an earnings per share basis.

How many employees does The Hartford Financial Services Group have?

The company employs 18,100 workers across the globe.

Does The Hartford Financial Services Group have any subsidiaries?

The following companies are subsidiares of The Hartford Financial Services Group: 1stAgChoice Inc., Access CoverageCorp Inc., Access CoverageCorp Technologies Inc., Business Management Group Inc., Cervus Claim Solutions LLC, FP R LLC, FTC Resolution Company LLC, First State Insurance Company, Fountain Investors I LLC, Fountain Investors II LLC, Fountain Investors III LLC, Fountain Investors IV LLC, HIMCO Distribution Services Company, HL Investment Advisors LLC, HLA LLC, HRA Brokerage Services Inc., Hart Re Group L.L.C., Hartford Accident and Indemnity Company, Hartford Administrative Services Company, Hartford Casualty General Agency Inc., Hartford Casualty Insurance Company, Hartford Fire General Agency Inc., Hartford Fire Insurance Company, Hartford Funds Distributors LLC, Hartford Funds Management Company LLC, Hartford Funds Management Group Inc., Hartford Group Benefits Holding Company, Hartford Holdings Inc., Hartford Insurance Company of Illinois, Hartford Insurance Company of the Midwest, Hartford Insurance Company of the Southeast, Hartford Insurance Ltd., Hartford Integrated Technologies Inc., Hartford Investment Management Company, Hartford Life Ltd., Hartford Life and Accident Insurance Company, Hartford Lloyd’s Corporation, Hartford Lloyd’s Insurance Company, Hartford Management Ltd., Hartford Residual Market L.L.C., Hartford STAG Ventures LLC, Hartford Specialty Insurance Services of Texas LLC, Hartford Strategic Investments LLC, Hartford Underwriters General Agency Inc., Hartford Underwriters Insurance Company, Hartford of Texas General Agency Inc., Heritage Holdings Inc., Heritage Reinsurance Company Ltd., Horizon Management Group LLC, Lattice Strategies LLC, MPC Resolution Company LLC, Maxum Casualty Insurance Company, Maxum Indemnity Company, Maxum Specialty Services Corporation, New England Insurance Company, New England Reinsurance Corporation, New Ocean Insurance Co. Ltd., Nutmeg Insurance Agency Inc., Nutmeg Insurance Company (Connecticut, Pacific Insurance Company Limited, Property and Casualty Insurance Company of Hartford, Renato Acquisition Co., Sentinel Insurance Company Ltd., Trumbull Flood Management L.L.C., Trumbull Insurance Company, Twin City Fire Insurance Company, and Y-Risk LLC.
Read More

When was The Hartford Financial Services Group founded?

The Hartford Financial Services Group was founded in 1810.

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 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.

This page (NYSE:HIG) was last updated on 8/13/2022 by MarketBeat.com Staff

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