Hartford Financial Services Group Inc. [HIG] stock prices are down -0.17% to $119.85 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The HIG shares have gain 0.19% over the last week, with a monthly amount glided 2.90%, 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 October 04, 2024, when BofA Securities downgraded its rating to a Neutral and also boosted its price target to $121 from $113. Previously, Barclays started tracking the stock with Equal Weight rating on September 05, 2024, and set its price target to $130. On June 28, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $114 on the stock. TD Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $132 on January 10, 2024. JP Morgan downgraded its rating to a Neutral and reduced its price target to $91 on January 08, 2024. In a note dated October 05, 2023, Deutsche Bank initiated an Hold rating and provided a target price of $85 on this stock.
The stock price of Hartford Financial Services Group Inc. [HIG] has been fluctuating between $68.92 and $123.23 over the past year. Currently, Wall Street analysts expect the stock to reach $107.54 within the next 12 months. Hartford Financial Services Group Inc. [NYSE: HIG] shares were valued at $119.85 at the most recent close of the market. An investor can expect a potential drop of -10.27% 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 119.31 points at the first support level, and at 118.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 120.35, and for the 2nd resistance point, it is at 120.85.
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 1.38, the price to book ratio is 2.30 and price to earnings (TTM) ratio is 12.60.
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.
