As of Friday close, The Hartford Financial Services Group Inc.’s (NYSE:HIG) stock was down -$2.9, moving down -4.23 percent to $65.72. The average number of shares traded per day over the past five days has been 6,952,100 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.48 fall in that time frame. In the last twenty days, the average volume was 3,281,545, while in the previous 50 days, it was 2,306,208.
Since last month, HIG stock retreated -15.53%. Shares of the company fell to $64.25 on 03/15/23, the lowest level in the past month. A 52-week high of $79.44 was reached on 01/06/23 after having rallying from a 52-week low of $60.17. Since the beginning of this year, HIG’s stock price has dropped by -13.33% or -$10.11, and marked a new high 4 times. However, the stock has declined by -17.27% since its 52-week high.
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HIG stock investors should be aware that The Hartford Financial Services Group Inc. (HIG) stock had its last reported insider trading activity 12 days ago on Mar 06. Stepnowski Amy, the EVP of the company, disposed of 336 shares for $77.59 on Mar 06. It resulted in a $26,070 divestment by the insider. Costello Beth Ann sold 38,915 shares at an average price of $77.85 on Mar 01. The insider now owns 57,205 shares following the transaction. On Mar 01, EVP Bennett Jonathan R sold 3,914 shares at $77.86 apiece. The transaction was valued at $304,744.
Valuation Metrics
Right now, The Hartford Financial Services Group Inc. (HIG) has a P/E ratio of about 12.05. The stock’s beta is 0.88. Besides these, the trailing price-to-sales (P/S) ratio of 0.94, the price-to-book (PB) ratio of 1.57, and the price-to-cash flow ratio of 6.35 may also be considered.
The latest dividend of $0.4250 per share was paid out, remained unchanged from last year’s $0.4250. On Thursday October 27 2022, a $0.04 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.33. In the year ended December 30, operating margins totaled 11.00%. Based on annual data, HIG earned $2.26 billion in gross profit and brought in $22.36 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 11.50%. Return on equity (ROE) for the past 12 months was 13.00%.
In The Hartford Financial Services Group Inc.’s quarter-end financial report for December 30, it reported total debt of $4.35 billion. HIG’s revenue fell -1.9% to $5.37 billion during the quarter, while net income inched up to $5.58 billion. While analysts expected The Hartford Financial Services Group Inc. to report $1.87 quarterly earnings, the actual figure was $2.31 per share, beating the consensus estimate by 23.50%. The value of shareholders’ equity is $313.06 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 45.54%, the RSI 9-day stood at 28.74% on 17 March.
With respect to its five-day moving average, the current The Hartford Financial Services Group Inc. price is down by -6.38% percent or -$4.48. At present, HIG shares trade -15.19% below its 20-day simple moving average and -2.19% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.45% below its SMA50 and -9.36% below its SMA200.
Stochastic coefficient K was 15.88% and Stochastic coefficient D was 13.85%, while ATR was 2.47. Given the Stochastic reading of 10.24% for the 14-day period, the RSI (14) reading has been calculated as 30.19%. As of today, the MACD Oscillator reading stands at -3.00, while the 14-day reading stands at -5.90.
Analyst Ratings
BMO Capital Markets launched its rating on The Hartford Financial Services Group Inc. (NYSE: HIG) to a Market perform in a note to investors on January 20, 2023. The Hartford Financial Services Group Inc. (HIG) has been rated Overweight by analysts. According to 1 brokerage firm, HIG is a sell, and 6 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 10 recommending it as overweight.
With a median target price of $86.00, 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 $86.78.