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Why Hartford Financial Services Group Inc. (HIG) Stock Could See Much Higher Prices Ahead

Hartford Financial Services Group Inc. (NYSE: HIG) is 25.49% higher on its value in year-to-date trading and has touched a low of $68.82 and a high of $103.64 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 $100.85 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $100.87, the stock is -0.42% and 0.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 0.02% at the moment leaves the stock 17.37% off its SMA200. HIG registered 42.07% gain for a year compared to 6-month gain of 28.84%.

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The stock witnessed a -0.45% loss in the last 1 month and extending the period to 3 months gives it a 2.82%, and is -0.73% down 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 1.44% over the week and 1.41% over the month.

Hartford Financial Services Group Inc. (HIG) has around 18700 employees, a market worth around $29.83B and $25.04B in sales. Current P/E ratio is 11.46 and Fwd P/E is 8.83. Profit margin for the company is 10.79%. Distance from 52-week low is 46.57% and -2.68% from its 52-week high. The company has generated returns on investments over the last 12 months (13.62%).

The EPS is expected to grow by 12.35% this year.

Hartford Financial Services Group Inc. (HIG) Top Institutional Holders

The shares outstanding are 298.47M, and float is at 294.70M with Short Float at 1.46%.

Hartford Financial Services Group Inc. (HIG) Insider Activity

The most recent transaction is an insider sale by Bennett Jonathan R,the company’sEVP. SEC filings show that Bennett Jonathan R sold 18,335 shares of the company’s common stock on May 09 ’24 at a price of $100.78 per share for a total of $1.85 million. Following the sale, the insider now owns 25643.0 shares.

Hartford Financial Services Group Inc. disclosed in a document filed with the SEC on May 08 ’24 that Costello Beth Ann (EVP and CFO) sold a total of 72,076 shares of the company’s common stock. The trade occurred on May 08 ’24 and was made at $99.71 per share for $7.19 million. Following the transaction, the insider now directly holds 69169.0 shares of the HIG stock.

Still, SEC filings show that on May 08 ’24, Bennett Jonathan R (EVP) disposed off 8,250 shares at an average price of $99.73 for $0.82 million. The insider now directly holds 25,643 shares of Hartford Financial Services Group Inc. (HIG).

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