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

9 Wall Street 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 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.

9 analysts have issued 1-year 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 $81.20 in the next twelve months. This suggests a possible upside of 31.1% 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 at the beginning of 2022. Since then, HIG shares have decreased by 10.3% and is now trading at $61.96.
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The Hartford Financial Services Group saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,050,000 shares, an increase of 6.6% from the August 15th total of 2,860,000 shares. Based on an average daily volume of 1,810,000 shares, the short-interest ratio is currently 1.7 days. Currently, 1.0% of the shares of the stock 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, October 27th 2022.
View our HIG earnings forecast.

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

The Hartford Financial Services Group announced a quarterly dividend on Wednesday, July 20th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.385 per share on Tuesday, October 4th. This represents a $1.54 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, August 31st.
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 2.49%. 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 18.44% 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 declared that its Board of Directors has approved a stock repurchase plan on Thursday, December 17th 2020, which permits the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 8.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are 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 number of retail and institutional investors. Top institutional investors include State Street Corp (5.72%), Price T Rowe Associates Inc. MD (5.49%), FMR LLC (4.12%), Franklin Resources Inc. (1.70%), Massachusetts Financial Services Co. MA (1.34%) and Northern Trust Corp (1.11%). 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 $61.96.

The Hartford Financial Services Group (NYSE:HIG) has a market capitalization of $20.02 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.

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.