Hartford Financial Services Group Inc. [HIG] stock prices are up 0.76% to $114.32 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HIG shares have gain 2.88% over the last week, with a monthly amount glided 2.27%, 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 June 28, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $114 from $116. Previously, TD Cowen started tracking the stock with Outperform rating on January 10, 2024, and set its price target to $132. On January 08, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $91 on the stock. Oppenheimer started tracking the stock assigning a Perform rating. Deutsche Bank initiated its recommendation with a Hold and recommended $85 as its price target on October 05, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on June 20, 2023, and assigned it a price target of $71. In a note dated March 29, 2023, Goldman upgraded an Buy rating on this stock but restated the target price of $84.
The stock price of Hartford Financial Services Group Inc. [HIG] has been fluctuating between $68.82 and $114.10 over the past year. Currently, Wall Street analysts expect the stock to reach $100.85 within the next 12 months. Hartford Financial Services Group Inc. [NYSE: HIG] shares were valued at $114.32 at the most recent close of the market. An investor can expect a potential drop of -11.78% based on the average HIG price forecast.
Analyzing the HIG fundamentals
The Hartford Financial Services Group Inc. [NYSE:HIG] reported sales of 25.47B for trailing twelve months, representing a surge of 7.22%. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.19 and Total Capital is 0.11. 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 113.31 points at the first support level, and at 112.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 115.21, and for the 2nd resistance point, it is at 116.09.
Ratios To Look Out For
It’s worth pointing out that Hartford Financial Services Group Inc. [NYSE:HIG]’s Current Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 2.19 and price to earnings (TTM) ratio is 12.02.
Transactions by insiders
Recent insider trading involved Rodden Lori A, Executive Vice President, that happened on Jul 31 ’24 when 3855.0 shares were sold. EVP & Chief Risk Officer, Paiano Robert W completed a deal on Jul 31 ’24 to sell 13185.0 shares. Meanwhile, Officer Paiano Robert W bought 13185.0 shares on Jul 31 ’24.
