Hartford Financial Services Group Inc (NYSE: HIG) is 47.06% higher on its value in year-to-date trading and has touched a low of $75.83 and a high of $123.23 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 $116.82 in the last trading session, with the day’s gains setting it 1.39%.
Currently trading at $118.21, the stock is 2.59% and 1.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.58 million and changing 1.19% at the moment leaves the stock 11.91% off its SMA200. HIG registered 54.85% gain for a year compared to 6-month gain of 15.46%. The firm has a 50-day simple moving average (SMA 50) of $116.6154 and a 200-day simple moving average (SMA200) of $105.6299.
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The stock witnessed a -1.54% loss in the last 1 month and extending the period to 3 months gives it a 5.87%, and is 0.48% 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 1.46% over the week and 1.42% over the month.
Hartford Financial Services Group Inc (HIG) has around 18700 employees, a market worth around $34.27B and $26.06B in sales. Current P/E ratio is 11.84 and Fwd P/E is 10.18. Profit margin for the company is 11.54%. Distance from 52-week low is 55.89% and -4.07% from its 52-week high. The company has generated returns on investments over the last 12 months (14.07%).
The EPS is expected to grow by 13.26% this year
1385.0 institutions hold shares in Hartford Financial Services Group Inc (HIG), with institutional investors hold 94.43% of the company’s shares. The shares outstanding are 298.47M, and float is at 288.89M with Short Float at 0.97%. Institutions hold 94.16% 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 TOOKER ADIN M, the company’s EVP. SEC filings show that TOOKER ADIN M sold 6,865 shares of the company’s common stock on Nov 15 ’24 at a price of $117.04 per share for a total of $0.8 million. Following the sale, the insider now owns 25820.0 shares.
Still, SEC filings show that on Nov 11 ’24, Bennett Jonathan R (Officer) Proposed Sale 25,619 shares at an average price of $118.00 for $3.02 million. The insider now directly holds shares of Hartford Financial Services Group Inc (HIG).
