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Hartford Financial Services Group Inc. (HIG) – Don’t Be So Quick to Call it Dead

Hartford Financial Services Group Inc. (NYSE: HIG) is 24.53% higher on its value in year-to-date trading and has touched a low of $68.82 and a high of $105.20 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 $99.75 in the last trading session, with the day’s gains setting it 0.35%.

Currently trading at $100.10, the stock is -0.89% and -0.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.01 million and changing 0.35% at the moment leaves the stock 12.71% off its SMA200. HIG registered 38.07% gain for a year compared to 6-month gain of 22.06%.

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The stock witnessed a -0.74% loss in the last 1 month and extending the period to 3 months gives it a 1.24%, and is 0.07% 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 1.36% over the week and 1.55% over the month.

Hartford Financial Services Group Inc. (HIG) has around 18700 employees, a market worth around $29.60B and $25.04B in sales. Current P/E ratio is 11.38 and Fwd P/E is 8.76. Profit margin for the company is 10.79%. Distance from 52-week low is 45.45% and -4.85% 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 11.83% this year

The shares outstanding are 298.47M, and float is at 294.69M with Short Float at 1.61%.

Hartford Financial Services Group Inc. (HIG) Insider Activity

The most recent transaction is an insider sale by FISHER MICHAEL R, the company’s EVP. SEC filings show that FISHER MICHAEL R sold 4,088 shares of the company’s common stock on Jul 01 ’24 at a price of $101.47 per share for a total of $0.41 million. Following the sale, the insider now owns 14818.0 shares.

Hartford Financial Services Group Inc. disclosed in a document filed with the SEC on May 09 ’24 that Bennett Jonathan R (EVP) sold a total of 18,335 shares of the company’s common stock. The trade occurred on May 09 ’24 and was made at $100.78 per share for $1.85 million. Following the transaction, the insider now directly holds 25643.0 shares of the HIG stock.

Still, SEC filings show that on May 08 ’24, Costello Beth Ann (EVP and CFO) disposed off 72,076 shares at an average price of $99.71 for $7.19 million. The insider now directly holds 69,169 shares of Hartford Financial Services Group Inc. (HIG).

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