As of Thursday close, The Hartford Financial Services Group Inc.’s (NYSE:HIG) stock was down -$0.97, moving down -1.31 percent to $72.98. The average number of shares traded per day over the past five days has been 1,616,560 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.36 fall in that time frame. In the last twenty days, the average volume was 1,200,990, while in the previous 50 days, it was 1,320,686.
Since last month, HIG stock rose 2.75%. Shares of the company fell to $70.86 on 08/22/23, 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 -3.76% or -$2.85, and marked a new high 4 times. However, the stock has declined by -8.13% since its 52-week high.
HIG stock investors should be aware that The Hartford Financial Services Group Inc. (HIG) stock had its last reported insider trading activity 16 days ago on Sep 06. Stepnowski Amy, the EVP of the company, disposed of 336 shares for $71.55 on Sep 06. It resulted in a $24,041 divestment by the insider. Stepnowski Amy sold 336 shares at an average price of $72.96 on Aug 07. The insider now owns 6,965 shares following the transaction. On Aug 03, EVP & Chief Risk Officer Paiano Robert W sold 13,939 shares at $72.49 apiece. The transaction was valued at $1,010,421.
Valuation Metrics
Right now, The Hartford Financial Services Group Inc. (HIG) has a P/E ratio of about 11.73. The stock’s beta is 0.85. Besides these, the trailing price-to-sales (P/S) ratio of 0.95, the price-to-book (PB) ratio of 1.63, and the price-to-cash flow ratio of 6.94 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 June 29 was 0.32, and the total debt-to-equity ratio was 0.32. In the year ended June 29, operating margins totaled 11.40%. 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 14.80%.
In The Hartford Financial Services Group Inc.’s quarter-end financial report for June 29, it reported total debt of $4.36 billion. HIG’s revenue rose 10.84% to $5.91 billion during the quarter, while net income inched up to $6.05 billion. While analysts expected The Hartford Financial Services Group Inc. to report $1.85 quarterly earnings, the actual figure was $1.88 per share, beating the consensus estimate by 1.60%. The value of shareholders’ equity is $305.82 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 14.20%, the RSI 9-day stood at 53.82% on 21 September.
With respect to its five-day moving average, the current The Hartford Financial Services Group Inc. price is down by -0.49% percent or -$0.36. At present, HIG shares trade +2.33% above its 20-day simple moving average and +2.80% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.52% above its SMA50 and -3.77% below its SMA200.
Stochastic coefficient K was 76.13% and Stochastic coefficient D was 84.24%, while ATR was 0.98. Given the Stochastic reading of 53.44% for the 14-day period, the RSI (14) reading has been calculated as 53.56%. As of today, the MACD Oscillator reading stands at 0.68, while the 14-day reading stands at 1.04.
Analyst Ratings
Morgan Stanley launched its rating on The Hartford Financial Services Group Inc. (NYSE: HIG) to an Equal-weight in a note to investors on June 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 3 analysts rate The Hartford Financial Services Group Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $84.50, the current consensus forecast for the stock is $75.00 – $100.00. Based on these forecasts, analysts predict The Hartford Financial Services Group Inc. (HIG) will achieve an average price target of $85.22.
