A share price of Hartford Financial Services Group Inc. [HIG] is currently trading at $101.82, down -0.29%. 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 lost -0.47% over the last week, with a monthly amount glided 6.24%, and seem to be holding up well over a long-time horizon.
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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.
Hartford Financial Services Group Inc. experienced fluctuations in its stock price throughout the past year between $67.01 and $103.27. Currently, Wall Street analysts expect the stock to reach $86.75 within the next 12 months. Hartford Financial Services Group Inc. [NYSE: HIG] shares were valued at $101.82 at the most recent close of the market. An investor can expect a potential drop of -14.8% based on the average HIG price forecast.
Analyzing the HIG fundamentals
Trailing Twelve Months sales for Hartford Financial Services Group Inc. [NYSE:HIG] were 24.53B which represents 6.38% growth. 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 101.02 points at the first support level, and at 100.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.01, and for the 2nd resistance point, it is at 104.20.
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
To put it in perspective, the Current Ratio for Hartford Financial Services Group Inc. [NYSE:HIG] is 0.33. Considering the valuation of this stock, the price to sales ratio is 1.23, the price to book ratio is 2.03 and price to earnings (TTM) ratio is 12.74.
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.
