At the time of writing, Hartford Financial Services Group Inc [HIG] stock is trading at $116.43, down -1.03%. 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 1.08% over the last week, with a monthly amount drifted -2.67%, and not 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.
For the past year, the stock price of Hartford Financial Services Group Inc fluctuated between $73.94 and $123.23. Currently, Wall Street analysts expect the stock to reach $108.54 within the next 12 months. Hartford Financial Services Group Inc [NYSE: HIG] shares were valued at $116.43 at the most recent close of the market. An investor can expect a potential drop of -6.78% based on the average HIG price forecast.
Analyzing the HIG fundamentals
According to Hartford Financial Services Group Inc [NYSE:HIG], the company’s sales were 26.06B for trailing twelve months, which represents an 9.45% jump. 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 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.19 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.26.
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 115.79 points at the first support level, and at 115.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 117.34, and for the 2nd resistance point, it is at 118.26.
Ratios To Look Out For
It is important to note that Hartford Financial Services Group Inc [NYSE:HIG] has a current ratio of 0.33. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 2.03 and price to earnings (TTM) ratio is 11.66.
Transactions by insiders
Recent insider trading involved Bennett Jonathan R, Officer, that happened on Nov 11 ’24 when 25619.0 shares were purchased. Executive Vice President, Soni Deepa completed a deal on Nov 05 ’24 to sell 20161.0 shares. Meanwhile, Officer Soni Deepa bought 20161.0 shares on Nov 05 ’24.
