NYSE:HIG - Hartford Financial Services Group Stock Price, News, & Analysis

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$49.34 +0.52 (+1.07 %)
(As of 03/19/2019 06:41 AM ET)
Previous Close$48.82
Today's Range$48.91 - $49.43
52-Week Range$40.54 - $55.16
Volume1.44 million shs
Average Volume1.93 million shs
Market Capitalization$17.74 billion
P/E Ratio11.39
Dividend Yield2.46%
Beta0.72
The Hartford Financial Services Group, Inc., through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds. The Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella insurance products, as well as customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages. The Personal Lines segment provides automobile, homeowners, and personal umbrella coverages to individuals. The Property & Casualty Other Operations segment provides coverage for asbestos and environmental exposures. The Group Benefits segment provides group life, accident and 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 coverages and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; and a single-company leave management solution. The Mutual Funds segment provides investment products for retail and retirement accounts, as well as exchange-traded products; and investment-management and administrative services, such as product design, implementation, and oversight. The Hartford Financial Services Group, Inc. was founded in 1810 and is headquartered in Hartford, Connecticut.

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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$18.96 billion
Cash Flow$5.8599 per share
Book Value$35.59 per share

Profitability

Net Income$1.81 billion

Miscellaneous

Employees18,500
Market Cap$17.74 billion
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

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

What is Hartford Financial Services Group's stock symbol?

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

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

Hartford Financial Services Group announced a quarterly dividend on Friday, February 22nd. Investors of record on Monday, March 4th will be given a dividend of $0.30 per share on Monday, April 1st. This represents a $1.20 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, March 1st. View Hartford Financial Services Group's Dividend History.

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

Hartford Financial Services Group declared that its Board of Directors has initiated a share repurchase plan on Monday, February 4th 2019, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 5.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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

Hartford Financial Services Group Inc (NYSE:HIG) posted its quarterly earnings results on Monday, February, 4th. The insurance provider reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.13. The insurance provider had revenue of $4.63 billion for the quarter, compared to analysts' expectations of $4.73 billion. Hartford Financial Services Group had a net margin of 9.53% and a return on equity of 12.31%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. View Hartford Financial Services Group's Earnings History.

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

Hartford Financial Services Group is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Hartford Financial Services Group.

What price target have analysts set for HIG?

13 brokerages have issued 12-month target prices for Hartford Financial Services Group's shares. Their forecasts range from $52.00 to $60.00. On average, they expect Hartford Financial Services Group's share price to reach $57.00 in the next year. This suggests a possible upside of 15.5% from the stock's current price. View Analyst Price Targets for Hartford Financial Services Group.

What is the consensus analysts' recommendation for Hartford Financial Services Group?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hartford Financial Services Group in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Hartford Financial Services Group.

What are Wall Street analysts saying about Hartford Financial Services Group stock?

Here are some recent quotes from research analysts about Hartford Financial Services Group stock:
  • 1. Wells Fargo & Co analysts commented, "We are not changing our EPS estimates at this time. HIG should preview its fire losses during a conference presentation next week (on 12/5). We expect the shares to not be significantly impacted by the meetings. Our sense is investors are more interested in The Hartford due to its lower valuation but are looking for a catalyst. We see the first catalyst as being either the company points to improved comp trends on its Q4 earnings call in February, or most likely when capital return becomes part of the story in H2 2019. We continue to have a Market Perform rating on the shares." (11/29/2018)
  • 2. According to Zacks Investment Research, "Hartford Financial’s shares have lost in a year’s time, wider than its industry's decline. Moreover, the company has witnessed its 2018 earnings estimates move upward over the past 30 days. Its solid fundamentals are likely to help its shares bounce back going forward. Strategic initiatives pave the way for long-term growth. Moreover, its investment results are impressive on the back of recent interest rate hikes. Its prudent capital management also remains a positive. The company’s performance has improved owing to a sturdy underwriting, strong investment performance and lower tax rates. However, the company is severely exposed to catastrophic loss. Moreover, softness in Personal Lines segment remains a major headwind. Escalating expenses is another concern for the company." (9/5/2018)

Has Hartford Financial Services Group been receiving favorable news coverage?

News stories about HIG stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Hartford Financial Services Group earned a news impact score of 1.6 on InfoTrie's scale. They also assigned news articles about the insurance provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.

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

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Hartford Financial Services Group investors own include General Electric (GE), Intel (INTC), JPMorgan Chase & Co. (JPM), Bank of America (BAC), Ford Motor (F), AT&T (T), Micron Technology (MU), Pfizer (PFE), Verizon Communications (VZ) and Wells Fargo & Co (WFC).

Who are Hartford Financial Services Group's key executives?

Hartford Financial Services Group's management team includes the folowing people:
  • Mr. Christopher Jerome Swift, Chairman & CEO (Age 58)
  • Mr. Douglas Graham Elliot, Pres (Age 59)
  • Ms. Beth Bombara Costello, Exec. VP & CFO (Age 51)
  • Mr. William A. Bloom, Exec. VP, Operations, Technology & Data (Age 55)
  • Mr. Brion Scott Johnson CFA, Chief Investment Officer (Age 59)

Who are Hartford Financial Services Group's major shareholders?

Hartford Financial Services Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include FMR LLC (2.37%), LSV Asset Management (1.52%), Dimensional Fund Advisors LP (1.42%), Bank of New York Mellon Corp (1.38%), Diamond Hill Capital Management Inc. (1.30%) and Geode Capital Management LLC (1.29%). Company insiders that own Hartford Financial Services Group stock include Beth Ann Bombara, Brion S Johnson, Christopher Swift, David C Robinson, Julie Richardson and Scott R Lewis. View Institutional Ownership Trends for Hartford Financial Services Group.

Which institutional investors are selling Hartford Financial Services Group stock?

HIG stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, FMR LLC, Squarepoint Ops LLC, Two Sigma Investments LP, O Shaughnessy Asset Management LLC, Lord Abbett & CO. LLC, Hsbc Holdings PLC and Voloridge Investment Management LLC. Company insiders that have sold Hartford Financial Services Group company stock in the last year include Beth Ann Bombara, Brion S Johnson and David C Robinson. View Insider Buying and Selling for Hartford Financial Services Group.

Which institutional investors are buying Hartford Financial Services Group stock?

HIG stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, Amundi Pioneer Asset Management Inc., D. E. Shaw & Co. Inc., Marathon Asset Management LLP, Victory Capital Management Inc., Diamond Hill Capital Management Inc. and Two Sigma Advisers LP. Company insiders that have bought Hartford Financial Services Group stock in the last two years include Christopher Swift and Julie Richardson. View Insider Buying and Selling for Hartford Financial Services Group.

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

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

One share of HIG stock can currently be purchased for approximately $49.34.

How big of a company is Hartford Financial Services Group?

Hartford Financial Services Group has a market capitalization of $17.74 billion and generates $18.96 billion in revenue each year. The insurance provider earns $1.81 billion in net income (profit) each year or $4.33 on an earnings per share basis. Hartford Financial Services Group employs 18,500 workers across the globe.

What is Hartford Financial Services Group's official website?

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

How can I contact Hartford Financial Services Group?

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]


MarketBeat Community Rating for Hartford Financial Services Group (NYSE HIG)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  490 (Vote Outperform)
Underperform Votes:  437 (Vote Underperform)
Total Votes:  927
MarketBeat's community ratings are surveys of what our community members think about Hartford Financial Services Group and other stocks. Vote "Outperform" if you believe HIG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HIG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/19/2019 by MarketBeat.com Staff

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