Hartford Financial Services Group Inc. (NYSE: HIG) is 23.74% higher on its value in year-to-date trading and has touched a low of $64.25 and a high of $99.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HIG stock was last observed hovering at around $98.94 in the last trading session, with the day’s gains setting it 0.52%.
Currently trading at $99.46, the stock is 4.58% and 11.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.07 million and changing 0.53% at the moment leaves the stock 28.63% off its SMA200. HIG registered 48.45% gain for a year compared to 6-month gain of 37.58%. The firm has a 50-day simple moving average (SMA 50) of $1.40.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 9.27% loss in the last 1 month and extending the period to 3 months gives it a 26.22%, and is 2.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.38% over the week and 1.36% over the month.
Hartford Financial Services Group Inc. (HIG) has around 18700 employees, a market worth around $29.57B and $24.53B in sales. Current P/E ratio is 12.45 and Fwd P/E is 8.72. Profit margin for the company is 10.12%. Distance from 52-week low is 54.80% and 0.44% from its 52-week high. The company has generated returns on investments over the last 12 months (12.61%).
Hartford Financial Services Group Inc. quarterly earnings per share for the current quarter are estimated at $2.41 with sales reaching $6.53B over the same period.The EPS is expected to grow by 13.30% this year, but quarterly earnings will post 7.10% year-over-year. Quarterly sales are estimated to grow 10.40% in year-over-year returns.
1,193 institutions hold shares in Hartford Financial Services Group Inc. (HIG), with institutional investors hold 96.47% of the company’s shares. The shares outstanding are 298.47M, and float is at 295.89M with Short Float at 1.22%. Institutions hold 96.06% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 40.8 million shares valued at $2.94 billion. The investor’s holdings represent 13.34% of the HIG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 25.92 million shares valued at $1.87 billion to account for 8.48% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 23.13 million shares representing 7.56% and valued at over $1.67 billion, while State Street Corporation holds 5.65% of the shares totaling 17.27 million with a market value of $1.24 billion.
Hartford Financial Services Group Inc. (HIG) Insider Activity
The most recent transaction is an insider sale by Niderno Allison G, the company’s SVP & Controller. SEC filings show that Niderno Allison G sold 1,516 shares of the company’s common stock on Mar 04 ’24 at a price of $94.55 per share for a total of $0.14 million. Following the sale, the insider now owns 630.0 shares.
Hartford Financial Services Group Inc. disclosed in a document filed with the SEC on Mar 01 ’24 that FISHER MICHAEL R (EVP) sold a total of 4,088 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $95.06 per share for $0.39 million. Following the transaction, the insider now directly holds 10081.0 shares of the HIG stock.
Still, SEC filings show that on Mar 01 ’24, FISHER MICHAEL R (EVP) disposed off 4,088 shares at an average price of $95.06 for $0.39 million. The insider now directly holds 10,081 shares of Hartford Financial Services Group Inc. (HIG).
