Hartford Financial Services Group Inc. [HIG] stock is trading at $116.52, down -0.09%. 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 0.50% over the last week, with a monthly amount glided 2.70%, 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 September 05, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $130. Previously, Citigroup downgraded its rating to Neutral on June 28, 2024, and dropped its price target to $114. On January 10, 2024, TD Cowen initiated with a Outperform rating and assigned a price target of $132 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $91 on January 08, 2024. Oppenheimer initiated its recommendation with a Perform. Deutsche Bank started tracking with a Hold rating for this stock on October 05, 2023, and assigned it a price target of $85. In a note dated June 20, 2023, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $71 on this stock.
Hartford Financial Services Group Inc. [HIG] stock has fluctuated between $68.82 and $117.84 over the past year. Currently, Wall Street analysts expect the stock to reach $104.85 within the next 12 months. Hartford Financial Services Group Inc. [NYSE: HIG] shares were valued at $116.52 at the most recent close of the market. An investor can expect a potential drop of -10.02% based on the average HIG price forecast.
Analyzing the HIG fundamentals
Hartford Financial Services Group Inc. [NYSE:HIG] reported sales of 25.47B for the trailing twelve months, which represents a growth 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. 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 115.76 points at the first support level, and at 115.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 117.31, and for the 2nd resistance point, it is at 118.10.
Ratios To Look Out For
For context, Hartford Financial Services Group Inc.’s Current Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.34, the price to book ratio is 2.23 and price to earnings (TTM) ratio is 12.25.
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.
