At the time of writing, Hartford Financial Services Group Inc [HIG] stock is trading at $107.06, saw in change for the day. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HIG shares have lost -3.48% over the last week, with a monthly amount drifted -8.35%, 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 $78.33 and $124.90. Currently, Wall Street analysts expect the stock to reach $125.14 within the next 12 months. Hartford Financial Services Group Inc [NYSE: HIG] shares were valued at $107.06 at the most recent close of the market. An investor can expect a potential return of 16.89% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
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 106.35 points at the first support level, and at 105.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 108.27, and for the 2nd resistance point, it is at 109.48.
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 1.19, the price to book ratio is 1.87 and price to earnings (TTM) ratio is 10.72.
Transactions by insiders
Recent insider trading involved Bennett Jonathan R, Officer, that happened on Nov 21 ’24 when 24094.0 shares were purchased. EVP, TOOKER ADIN M completed a deal on Nov 15 ’24 to sell 6865.0 shares. Meanwhile, Officer TOOKER ADIN M bought 6865.0 shares on Nov 15 ’24.
