The Hartford Financial Services Group Inc. (HIG) Reached A New High 2 times During The Past Five Days

As of Friday close, The Hartford Financial Services Group Inc.’s (NYSE:HIG) stock was up $1.03, moving up 1.63 percent to $64.16. The average number of shares traded per day over the past five days has been 2,199,380 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.31 fall in that time frame. In the last twenty days, the average volume was 2,044,440, while in the previous 50 days, it was 1,913,698.

Since last month, HIG stock retreated -3.02%. Shares of the company fell to $61.59 on 07/18/22, the lowest level in the past month. A 52-week high of $78.17 was reached on 04/21/22 after having rallying from a 52-week low of $61.59. Since the beginning of this year, HIG’s stock price has dropped by -7.07% or -$4.88, and marked a new high 14 times. However, the stock has declined by -17.92% since its 52-week high.

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The Hartford Financial Services Group Inc. (HIG) last reported insider trading activity 94 days ago on May 04. Costello Beth Ann, the EVP and CFO of the company, disposed of 47,214 shares for $73.18 on May 04. It resulted in a $3,455,262 divestment by the insider. Swift Christopher sold 47,130 shares at an average price of $72.89 on May 04. The insider now owns 172,129 shares following the transaction. On Apr 22, EVP and General Counsel Robinson David C sold 14,743 shares at $73.02 apiece. The transaction was valued at $1,076,534.

Valuation Metrics

Right now, The Hartford Financial Services Group Inc. (HIG) has a P/E ratio of about 8.82. The stock’s beta is 0.93. Besides these, the trailing price-to-sales (P/S) ratio of 0.94, the price-to-book (PB) ratio of 1.51, and the price-to-cash flow ratio of 6.36 may also be considered.

The latest dividend of $0.3850 per share was paid out, remained unchanged from last year’s $0.3850. On Thursday October 28 2021, a $0.0350 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.31. In the year ended June 29, operating margins totaled 12.50%. Based on annual data, HIG earned $2.9 billion in gross profit and brought in $22.39 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.60%. Return on equity (ROE) for the past 12 months was 12.90%.

In The Hartford Financial Services Group Inc.’s quarter-end financial report for June 29, it reported total debt of $4.35 billion. HIG’s revenue fell -4.02% to $5.39 billion during the quarter, while net income inched up to $5.37 billion. While analysts expected The Hartford Financial Services Group Inc. to report $1.52 quarterly earnings, the actual figure was $2.15 per share, beating the consensus estimate by 41.40%. The value of shareholders’ equity is $323.14 million.

Technical Picture

This quick technical analysis looks at The Hartford Financial Services Group Inc.’s (HIG) price momentum. With a historical volatility rate of 23.04%, the RSI 9-day stood at 52.43% on 05 August.

With respect to its five-day moving average, the current The Hartford Financial Services Group Inc. price is down by -0.48% percent or -$0.31. At present, HIG shares trade -2.30% below its 20-day simple moving average and -4.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.95% below its SMA50 and -11.31% below its SMA200.

Stochastic coefficient K was 56.30% and Stochastic coefficient D was 50.28%, while ATR was 1.50. Given the Stochastic reading of 70.92% for the 14-day period, the RSI (14) reading has been calculated as 49.15%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -0.10.

Analyst Ratings

Citigroup launched its rating on The Hartford Financial Services Group Inc. (NYSE: HIG) to a Buy in a note to investors on May 24, 2022. The Hartford Financial Services Group Inc. (HIG) has been rated Overweight by analysts. According to 0 brokerage firms, HIG is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate The Hartford Financial Services Group Inc. stock as buy, with 12 recommending it as overweight.

With a median target price of $81.00, the current consensus forecast for the stock is $70.00 – $104.00. Based on these forecasts, analysts predict The Hartford Financial Services Group Inc. (HIG) will achieve an average price target of $81.39.


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