The Hartford Financial Services Group Inc. (NYSE:HIG) went down by -0.74% from its latest closing price compared to the recent 1-year high of $78.17. The company’s stock price has collected -2.18% of loss in the last five trading sessions. The Wall Street Journal reported on 04/22/21 that Hartford CEO Surprised by Chubb Proposal; Board Has Rejected Three
Is It Worth Investing in The Hartford Financial Services Group Inc. (NYSE :HIG) Right Now?
The Hartford Financial Services Group Inc. (NYSE:HIG) scored a price-to-earnings ratio above its average ratio, recording 8.66 x from its present earnings ratio. Plus, the 36-month beta value for HIG is at 0.93. Opinions of the stock are interesting as 12 analysts out of 21 who provided ratings for The Hartford Financial Services Group Inc. declared the stock was a “buy,” while 4 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $81.44, which is $19.1 above the current price. HIG currently public float of 327.58M and currently shorts hold a 0.80% ratio of that float. Today, the average trading volume of HIG was 1.98M shares.
HIG’s Market Performance
HIG stocks went down by -2.18% for the week, with a monthly drop of -4.95% and a quarterly performance of -10.19%, while its annual performance rate touched -2.27%. The volatility ratio for the week stands at 2.78% while the volatility levels for the past 30 days are set at 2.14% for The Hartford Financial Services Group Inc. The simple moving average for the period of the last 20 days is -1.69% for HIG stocks with a simple moving average of -9.63% for the last 200 days.
Analysts’ Opinion of HIG
Many brokerage firms have already submitted their reports for HIG stocks, with Citigroup repeating the rating for HIG by listing it as a “Buy.” The predicted price for HIG in the upcoming period, according to Citigroup is $81 based on the research report published on May 24th of the current year 2022.
Goldman, on the other hand, stated in their research note that they expect to see HIG reach a price target of $84. The rating they have provided for HIG stocks is “Buy” according to the report published on November 23rd, 2021.
Jefferies gave a rating of “Hold” to HIG, setting the target price at $81 in the report published on November 19th of the previous year.
HIG Trading at -5.31% from the 50-Day Moving Average
After a stumble in the market that brought HIG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.46% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares sank -3.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.64% lower at present.
During the last 5 trading sessions, HIG fell by -2.18%, which changed the moving average for the period of 200-days by -13.05% in comparison to the 20-day moving average, which settled at $63.94. In addition, The Hartford Financial Services Group Inc. saw -8.81% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at HIG starting from Costello Beth Ann, who sale 47,214 shares at the price of $73.18 back on May 04. After this action, Costello Beth Ann now owns 50,503 shares of The Hartford Financial Services Group Inc., valued at $3,455,262 using the latest closing price.
Swift Christopher, the Chairman and CEO of The Hartford Financial Services Group Inc., sale 47,130 shares at $72.89 during a trade that took place back on May 04, which means that Swift Christopher is holding 172,129 shares at $3,435,255 based on the most recent closing price.
Stock Fundamentals for HIG
Equity return is now at value 12.90, with 2.80 for asset returns.