At the time of writing, Hartford Financial Services Group Inc. [HIG] stock is trading at $98.94, up 0.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The HIG shares have gain 3.23% over the last week, with a monthly amount glided 8.95%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 4, March 2024, The Hartford Named One Of ‘World’s Most Ethical Companies’ For 15th Time by Ethisphere. In a post published today on Yahoo Finance, The Hartford has been named one of the World’s Most Ethical Companies® for the 15th time, as designated by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
From an analyst’s perspective:
Hartford Financial Services Group Inc. [NYSE: HIG] stock has seen the most recent analyst activity on January 10, 2024, when TD Cowen initiated its Outperform rating and assigned the stock a price target of $132. Previously, JP Morgan downgraded its rating to Neutral on January 08, 2024, and dropped its price target to $91. On November 16, 2023, Oppenheimer initiated with a Perform rating. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $85 on October 05, 2023. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $71 as its price target on June 20, 2023. Goldman upgraded its rating to Buy for this stock on March 29, 2023, but kept the price target unchanged to $84. In a note dated January 20, 2023, BMO Capital Markets initiated an Market Perform rating and provided a target price of $77 on this stock.
For the past year, the stock price of Hartford Financial Services Group Inc. fluctuated between $64.25 and $98.27. Currently, Wall Street analysts expect the stock to reach $82.71 within the next 12 months. Hartford Financial Services Group Inc. [NYSE: HIG] shares were valued at $98.94 at the most recent close of the market. An investor can expect a potential drop of -16.4% based on the average HIG price forecast.
Analyzing the HIG fundamentals
According to Hartford Financial Services Group Inc. [NYSE:HIG], the company’s sales were 24.53B for trailing twelve months, which represents an 6.38% jump. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.17 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 98.14 points at the first support level, and at 97.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.38, and for the 2nd resistance point, it is at 99.83.
Hartford Financial Services Group Inc. [HIG] reported earnings per share of $3.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.44/share, meaning a difference of $0.62 and a surprise factor of 25.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.29 per share as compared to estimates of $1.98 per share, a difference of $0.31 representing a surprise of 15.70%.
Ratios To Look Out For
It is important to note that Hartford Financial Services Group Inc. [NYSE:HIG] has a current ratio of 0.33. Considering the valuation of this stock, the price to sales ratio is 1.20, the price to book ratio is 1.97 and price to earnings (TTM) ratio is 12.38.
Transactions by insiders
Recent insider trading involved Niderno Allison G, SVP & Controller, that happened on Mar 04 ’24 when 1516.0 shares were sold. EVP, FISHER MICHAEL R completed a deal on Mar 01 ’24 to sell 4088.0 shares. Meanwhile, EVP FISHER MICHAEL R sold 4088.0 shares on Mar 01 ’24.
