NYSE:HIG

The Hartford Financial Services Group Stock Forecast, Price & News

$62.15
+1.30 (+2.14 %)
(As of 06/21/2021 12:00 AM ET)
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Today's Range
$60.87
$62.17
50-Day Range
$60.85
$69.50
52-Week Range
$34.69
$69.94
Volume2.02 million shs
Average Volume2.89 million shs
Market Capitalization$22.20 billion
P/E Ratio13.25
Dividend Yield2.30%
Beta1.09
30 days | 90 days | 365 days | Advanced Chart
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The Hartford Financial Services Group logo

About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States, the United Kingdom, continental Europe, 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.

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MarketRank

Overall MarketRank

2.65 out of 5 stars

Finance Sector

9th out of 1,980 stocks

Fire, Marine, & Casualty Insurance Industry

2nd out of 93 stocks

Analyst Opinion: 3.3Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
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The Hartford Financial Services Group (NYSE:HIG) Frequently Asked Questions

Is The Hartford Financial Services Group a buy right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Hartford Financial Services Group in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" The Hartford Financial Services Group stock.
View analyst ratings for The Hartford Financial Services Group
or view top-rated stocks.

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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but The Hartford Financial Services Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting The Hartford Financial Services Group?

The Hartford Financial Services Group saw a drop in short interest in the month of May. As of May 28th, there was short interest totaling 3,390,000 shares, a drop of 28.3% from the May 13th total of 4,730,000 shares. Based on an average daily trading volume, of 3,480,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.0% of the shares of the company are short sold.
View The Hartford Financial Services Group's Short Interest
.

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 Thursday, July 29th 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 quarterly earnings data on Thursday, April, 22nd. The insurance provider reported $0.56 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.75 by $0.19. The insurance provider had revenue of $5.30 billion for the quarter, compared to analysts' expectations of $5.18 billion. The Hartford Financial Services Group had a trailing twelve-month return on equity of 10.43% and a net margin of 8.21%. The Hartford Financial Services Group's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.34 EPS.
View The Hartford Financial Services Group's earnings history
.

How has The Hartford Financial Services Group's stock price 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 stock has increased by 37.7% and is now trading at $62.15.
View which stocks have been most impacted by COVID-19
.

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 Thursday, May 20th. Shareholders of record on Tuesday, June 1st will be paid a dividend of $0.35 per share on Friday, July 2nd. This represents a $1.40 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, May 28th.
View The Hartford Financial Services Group's dividend history
.

Is The Hartford Financial Services Group a good dividend stock?

The Hartford Financial Services Group pays an annual dividend of $1.40 per share and currently has a dividend yield of 2.30%. The Hartford Financial Services Group does not yet have a strong track record of dividend growth. The dividend payout ratio of The Hartford Financial Services Group is 24.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, The Hartford Financial Services Group will have a dividend payout ratio of 20.93% next year. This indicates that The Hartford Financial Services Group will be able to sustain or increase its dividend.
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 of Directors has initiated a share repurchase program on Thursday, December 17th 2020, which authorizes the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 8.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

What price target have analysts set for HIG?

9 equities research analysts have issued 12 month target prices for The Hartford Financial Services Group's shares. Their forecasts range from $51.00 to $82.00. On average, they anticipate The Hartford Financial Services Group's share price to reach $70.64 in the next year. This suggests a possible upside of 13.7% from the stock's current price.
View analysts' price targets for The Hartford Financial Services Group
or view top-rated stocks among Wall Street analysts.

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 60, Pay $3.78M)
  • Mr. Douglas Graham Elliot, Pres (Age 61, Pay $2.54M)
  • Ms. Beth A. Costello, Exec. VP & CFO (Age 53, Pay $1.79M)
  • Mr. William A. Bloom, Exec. VP of Claims, Operations, Technology and Data & Analytics (Age 57, Pay $1.49M)
  • Mr. David C. Robinson, Exec. VP & Gen. Counsel (Age 55, Pay $1.23M)
  • Ms. Amy Marie Stepnowski, Exec. VP & Chief Investment Officer (Age 52)
  • Ms. Deepa Soni, Chief Information Officer
  • Ms. Susan Spivak Bernstein, Sr. Investor Relations Officer
  • Ms. Kathleen M. Bromage, Chief Marketing & Communications Officer (Age 63)
  • Ms. Melinda Thompson, Head of Sales & Distribution

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

839 employees have rated The Hartford Financial Services Group CEO Christopher Swift on Glassdoor.com. Christopher Swift has an approval rating of 89% among The Hartford Financial Services Group's employees.

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).

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 investors include BlackRock Inc. (7.17%), Price T Rowe Associates Inc. MD (3.99%), Diamond Hill Capital Management Inc. (1.96%), Geode Capital Management LLC (1.75%), Dimensional Fund Advisors LP (1.60%) and LSV Asset Management (1.44%). Company insiders that own The Hartford Financial Services Group 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, 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 Viking Global Investors LP, Amundi Asset Management US Inc., D. E. Shaw & Co. Inc., Ceredex Value Advisors LLC, Morgan Stanley, Man Group plc, Janus Henderson Group PLC, and Ensign Peak Advisors Inc. Company insiders that have sold The Hartford Financial Services Group company stock in the last year include Christopher Swift, Douglas G Elliot, Jonathan R Bennett, and William A Bloom.
View insider buying and selling activity for The Hartford Financial Services Group
or view top insider-selling stocks.

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

HIG stock was acquired by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Ameriprise Financial Inc., BlackRock Inc., Nuance Investments LLC, Assenagon Asset Management S.A., Davidson Kempner Capital Management LP, Davidson Kempner Capital Management LP, and Credit Suisse AG. Company insiders that have bought The Hartford Financial Services Group stock in the last two years include Christopher Swift, and Trevor Fetter.
View insider buying and selling activity for The Hartford Financial Services Group
or or view top insider-buying stocks.

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 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 $62.15.

How much money does The Hartford Financial Services Group make?

The Hartford Financial Services Group has a market capitalization of $22.20 billion and generates $20.52 billion in revenue each year. The insurance provider earns $1.74 billion in net income (profit) each year or $5.78 on an earnings per share basis.

How many employees does The Hartford Financial Services Group have?

The Hartford Financial Services Group employs 18,500 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.

When was The Hartford Financial Services Group founded?

The Hartford Financial Services Group was founded in 1810.

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

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

Where are The Hartford Financial Services Group's headquarters?

The Hartford Financial Services Group is headquartered at ONE HARTFORD PLAZA, HARTFORD CT, 06155.

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 6/22/2021 by MarketBeat.com Staff
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