Interested In Buying The Hartford Financial Services Group Inc. (HIG)? Make Sure You Read This First

The stock of The Hartford Financial Services Group Inc. (NYSE:HIG) increased by increased by $1.13 on Friday to finish at $74.10, up 1.55 percent. The last five days have seen an average of 1,505,340 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $25.12. The average number of shares traded over the last 20 days was 1,744,850, while the average volume over the last 50 days totaled 1,964,144.

HIG stock appreciated 6.80% since last month. On 09/23/21, the company’s shares reached a one-month low of $69.19. The stock touched a high of $73.98 on 10/22/21, after rallying from a low of $36.62 in 52 weeks. The price of HIG stock has risen by 51.29% or $25.12 this year, reaching a new high 23 times. Still, the stock price is up 0.16% from the 52-week high.

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Insider Transactions

There have been 21 days since The Hartford Financial Services Group Inc. (HIG) last reported insider trading activity on Oct 04. On Oct 04, EVP and General Counsel Robinson David C sold 5,469 shares at $70.85 each. This transaction resulted in the insider making $387,479. On Sep 01, Bennett Jonathan R sold 22,406 shares at a price of US$70.00. After the transaction, the insider now owns 25,641 shares. Director Allardice Robert B. III had earlier sold 9,000 shares on Aug 16 for $67.61 a share. The transaction was completed for $608,517.

Valuation Metrics

The Hartford Financial Services Group Inc. (HIG) has a trailing price-to-earnings (P/E) ratio of 12.57. This level actually compares favorably with the industry at large, as the PE for the Insurance – Diversified industry stands at about 12.76. Further, its PE also compares favorably with the Financial sector’s trailing 12 months PE ratio, which comes in at 13.15 right now. The PE ratio of The Hartford Financial Services Group Inc. has varied between 230.77 and 4.643 in the last five years. Beta for the stock is 1.07. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.18, the price-to-book (PB) ratio of 1.46, and the price-to-cash flow ratio of 7.15.

The Hartford Financial Services Group Inc.’s dividend is $1.40 per share per year. With a dividend yield of 1.89%, HIG has a payout ratio of 22.60%. On Oct. 4, the company paid $0.35 per share in dividends, remained unchanged from $0.35 last year. A $0.0250 dividend increase was reported on Monday February 8 2021, making it the 2 consecutive year the dividend has increased. Over the last three years, dividends have increased by 38.30%.

The Hartford Financial Services Group Inc.’s operating margin stood at 13.20% for the same period. Based on annual data, it had gross profit of $2.12 billion and revenue of $20.52 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HIG’s return on assets (ROA) during the last 12 months has been 2.90%. There was a 8.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.00%. ROE has averaged 11.41 in the past year for the broader industry.

Earnings Surprise

According to The Hartford Financial Services Group Inc.’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $5.59 billion, while revenues rose by 9.32% to $5.3 billion. It was predicted that The Hartford Financial Services Group Inc.’s quarterly earnings would be $2.33, but it ended up being $1.34, beating the consensus by 73.90%. At the end of The Hartford Financial Services Group Inc.’s most recent quarter ended June 29, its total debt was $4.41 billion. Equity owned by shareholders amounts to $347.19 million.

Technical Picture

Here’s a quick look at The Hartford Financial Services Group Inc.’s (HIG) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 70.02%, suggesting the stock is Overbought, with a 13.44% historical volatility rate.

The stochastic %K and %D were 82.46% and 71.44% respectively, while the average true range (ATR) was 1.30. Based on the 14-day stochastic reading of 93.93%, the RSI (14) reading is 66.56%. On the 9-day MACD Oscillator, the stock is at 0.91, and the 14-day reading is at 0.93.

Analyst Ratings

Analysts have assigned The Hartford Financial Services Group Inc. (HIG) an Overweight rating. HIG is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 10 others recommend it as a buy.

What is HIG’s price target for the next 12 months?

The current consensus forecast for the stock is between $68.00 and $93.00, with a median target price of $78.00. In analyzing these forecasts, the average price target given by analysts for The Hartford Financial Services Group Inc. (HIG) is $78.00.


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