The Hartford Financial Services Group Inc. (NYSE:HIG) finished Thursday with a subtraction of -$0.01 to close at $72.42, a downside of -0.01 percent. An average of 1,749,140 shares of common stock have been traded in the last five days. There was a gain of $2.17 in the past week. The last 20 days have seen an average of 2,294,620 shares traded, while the 50-day average volume stands at 2,003,696.
HIG stock has increased by 5.58% in the last month. The company shares reached their 1-month lowest point of $67.07 on 09/08/21. With the stock rallying to its 52-week high on 10/07/21, shares of the company touched a low of $36.62 and a high of $72.52 in 52 weeks. In spite of this, the price is down -0.14% from the 52-week high.
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4 days have passed since The Hartford Financial Services Group Inc. (HIG) last reported insider trading activity. Robinson David C, who is EVP and General Counsel, most recently acquired $5,469 shares at $70.85 per share on Oct 04. In this transaction, the insider spent $387,479. EVP, Bennett Jonathan R, disposed of 22,406 shares at a price of $70.00 on Sep 01. The insider now owns more than $1,568,420 worth of shares. Prior to that, Director Allardice Robert B. III went on to Sale 9,000 shares at $67.61 each on Aug 16. An amount of $608,517 was transacted.
The Hartford Financial Services Group Inc. (HIG) has a trailing price-to-earnings (P/E) ratio of 12.28, which compares with the 13.00 for the broader industry and 12.83 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, The Hartford Financial Services Group Inc.’s PE ratio has ranged between 230.77 and 4.643. The stock’s beta is 1.06. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.16, the price-to-book (PB) ratio at 1.43, and the price-to-cash flow ratio at 7.02.
The Hartford Financial Services Group Inc. pays a $1.40 dividend per share annually. It offers a dividend yield of 1.93%. The company has a payout ratio of 22.60%. The company’s most recent quarterly dividend payment took place on Oct. 4, and it was $0.35 a share, without any change from last year. Its dividend has been increased for the last 1 consecutive years with the latest increase dividend $0.0250 reported on Monday February 8 2021. Dividends have grown by 38.30% each year over the last three years.
The Hartford Financial Services Group Inc. will next go ex-dividend on 1-Dec. The next dividend payment The Hartford Financial Services Group Inc. will make is expected to be $0.35.
Further, the company has a long term debt to equity ratio of 0.24 and a total debt to equity ratio of 0.00 For the recent quarter ending June 29. Its gross profit as reported stood at $2.12 billion compared to revenue of $20.52 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, The Hartford Financial Services Group Inc.’s return on assets was 2.90%, compared to 1.1% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been 12.00% and the 5-year average holds at 4.5%. For the broader industry, ROE averaged 11.41 over the past year.
The analyst consensus anticipated The Hartford Financial Services Group Inc.’s latest quarter earnings to come in at $1.34 per share, but it turned out to be $2.33, a 73.90% surprise. At the end of the quarter ending June 29, The Hartford Financial Services Group Inc.’s stock balance sheet showed total debt was $4.41 billion. Shareholders own equity worth $347.19 million.
From a technical analysis perspective, let’s take a brief look at The Hartford Financial Services Group Inc. (HIG) price momentum. RSI 9-day as of the close on 07 October was 66.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.21%.
As of today, HIG’s price is $71.55 +3.09% or $2.17 from its 5-day moving average. HIG is currently trading +5.54% higher than its 20-day SMA and +9.48% higher than its 100-day SMA. However, the stock’s current price level is +18.99% above the SMA50 and +52.46% above the SMA200.
The stochastic %K and %D were 88.41% and 81.92%, respectively, and the average true range (ATR) was 1.58. With the 14-day stochastic at 76.72% and the average true range at 1.52, the RSI (14) stands at 64.28%. The stock has reached 0.93 on the 9-day MACD Oscillator while the 14-day reading was at 1.81.
Wolfe Research launched coverage on The Hartford Financial Services Group Inc. (NYSE: HIG) in its analyst report released on August 17, 2021. The firm assigned the stock a a Peer perform rating.The consensus rating for The Hartford Financial Services Group Inc. (HIG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HIG, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 11 others rate it as a “buy”.
What is HIG’s price target for the next 12 months?
Analysts predict a range of price targets between $68.00 and $93.00, with a median target of $78.50. Taking a look at these predictions, the average price target given by analysts for The Hartford Financial Services Group Inc. (HIG) stock is $77.64.