Hartford Financial Services Group Inc. [HIG] stock prices are up 0.75% to $100.40 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HIG shares have gain 1.48% over the last week, with a monthly amount glided 7.89%, 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 19, March 2024, The Hartford Names Matthew Massaro Head Of Northeast Division Sales And Underwriting For Middle And Large Commercial. In a post published today on Yahoo Finance, The Hartford has appointed Matthew Massaro head of sales and underwriting for its Middle and Large Commercial Businesses’ Northeast Division. In his new role, Massaro will be responsible for leading sales and underwriting operations for the company’s independent agents, brokers and customers across seven Northeastern states from Maine to New York. He will report to Gretchen Thompson, head of Field Operations and General Industries for Middle and Large Commercial insurance.
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.
The stock price of Hartford Financial Services Group Inc. [HIG] has been fluctuating between $64.57 and $100.04 over the past year. 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 $100.40 at the most recent close of the market. An investor can expect a potential drop of -17.62% based on the average HIG price forecast.
Analyzing the HIG fundamentals
The Hartford Financial Services Group Inc. [NYSE:HIG] reported sales of 24.53B for trailing twelve months, representing a surge of 6.38%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.
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 99.81 points at the first support level, and at 99.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.75, and for the 2nd resistance point, it is at 101.09.
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’s worth pointing out that Hartford Financial Services Group Inc. [NYSE:HIG]’s Current Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 1.22, the price to book ratio is 2.00 and price to earnings (TTM) ratio is 12.56.
Transactions by insiders
Recent insider trading involved FISHER MICHAEL R, EVP, that happened on Mar 13 ’24 when 27004.0 shares were sold. SVP & Controller, Niderno Allison G completed a deal on Mar 04 ’24 to sell 1516.0 shares. Meanwhile, EVP FISHER MICHAEL R sold 4088.0 shares on Mar 01 ’24.
