Hartford Financial Services Group Inc. (NYSE: HIG) is 45.28% higher on its value in year-to-date trading and has touched a low of $68.82 and a high of $117.84 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 $116.52 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $116.78, the stock is 0.60% and 4.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 0.22% at the moment leaves the stock 17.86% off its SMA200. HIG registered 62.85% gain for a year compared to 6-month gain of 13.32%. The firm has a 50-day simple moving average (SMA 50) of $111.655 and a 200-day simple moving average (SMA200) of $99.2737.
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The stock witnessed a 2.15% loss in the last 1 month and extending the period to 3 months gives it a 16.15%, and is 0.40% 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 1.03% over the week and 1.47% over the month.
Hartford Financial Services Group Inc. (HIG) has around 18700 employees, a market worth around $34.22B and $25.47B in sales. Current P/E ratio is 12.27 and Fwd P/E is 10.07. Profit margin for the company is 11.35%. Distance from 52-week low is 69.69% and -0.90% from its 52-week high. The company has generated returns on investments over the last 12 months (14.43%).
with sales reaching $6.7B over the same period.The EPS is expected to grow by 14.07% this year, but quarterly earnings will post 7.90% year-over-year. Quarterly sales are estimated to grow 8.60% in year-over-year returns.
Hartford Financial Services Group Inc. (HIG) Top Institutional Holders
1307.0 institutions hold shares in Hartford Financial Services Group Inc. (HIG), with institutional investors hold 95.43% of the company’s shares. The shares outstanding are 298.47M, and float is at 292.02M with Short Float at 1.26%. Institutions hold 95.16% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 37.34 million shares valued at $3.75 billion. The investor’s holdings represent 12.5262% of the HIG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 25.53 million shares valued at $2.57 billion to account for 8.5641 of the shares outstanding. The other top investors are STATE STREET CORP which holds 16.54 million shares representing 5.5475% and valued at over $1.67 billion, while FMR LLC holds 4.7846 of the shares totaling 14.26 million with a market value of $1.43 billion.
Hartford Financial Services Group Inc. (HIG) Insider Activity
The most recent transaction is an insider sale by Rodden Lori A, the company’s Executive Vice President. SEC filings show that Rodden Lori A sold 3,855 shares of the company’s common stock on Jul 31 ’24 at a price of $111.16 per share for a total of $0.43 million. Following the sale, the insider now owns 11072.0 shares.
Hartford Financial Services Group Inc. disclosed in a document filed with the SEC on Jul 31 ’24 that Paiano Robert W (EVP & Chief Risk Officer) sold a total of 13,185 shares of the company’s common stock. The trade occurred on Jul 31 ’24 and was made at $110.94 per share for $1.46 million. Following the transaction, the insider now directly holds 25071.0 shares of the HIG stock.
Still, SEC filings show that on Jul 31 ’24, Paiano Robert W (Officer) Proposed Sale 13,185 shares at an average price of $110.94 for $1.46 million. The insider now directly holds shares of Hartford Financial Services Group Inc. (HIG).
