In the past week, HIG stock has gone up by 2.53%, with a monthly gain of 0.82% and a quarterly surge of 10.94%. The volatility ratio for the week is 1.10%, and the volatility levels for the last 30 days are 1.62% for Hartford Financial Services Group Inc. The simple moving average for the past 20 days is 1.70% for HIG’s stock, with a 20.35% simple moving average for the past 200 days.
Is It Worth Investing in Hartford Financial Services Group Inc. (NYSE: HIG) Right Now?
The price-to-earnings ratio for Hartford Financial Services Group Inc. (NYSE: HIG) is above average at 11.33x, Company’s 36-month beta value is 0.92.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for HIG is 294.69M, and currently, short sellers hold a 1.68% ratio of that floaft. The average trading volume of HIG on May 09, 2024 was 1.76M shares.
HIG) stock’s latest price update
Hartford Financial Services Group Inc. (NYSE: HIG)’s stock price has soared by 0.34 in relation to previous closing price of 99.34. Nevertheless, the company has seen a gain of 2.53% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-26 that Hartford Financial’s (HIG) quarterly results suffer from elevated loss trends in homeowners and auto business. Higher earned premium growth partially offset the negatives.
Analysts’ Opinion of HIG
Many brokerage firms have already submitted their reports for HIG stocks, with TD Cowen repeating the rating for HIG by listing it as a “Outperform.” The predicted price for HIG in the upcoming period, according to TD Cowen is $132 based on the research report published on January 10, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see HIG reach a price target of $91, previously predicting the price at $94. The rating they have provided for HIG stocks is “Neutral” according to the report published on January 08th, 2024.
HIG Trading at 0.88% 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 -3.82% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.10%, as shares surge +0.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.12% upper at present.
During the last 5 trading sessions, HIG rose by +2.53%, which changed the moving average for the period of 200-days by +33.19% in comparison to the 20-day moving average, which settled at $98.03. In addition, Hartford Financial Services Group Inc. saw 24.01% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HIG starting from FISHER MICHAEL R, who sale 27,004 shares at the price of $98.90 back on Mar 13 ’24. After this action, FISHER MICHAEL R now owns 18,906 shares of Hartford Financial Services Group Inc., valued at $2,670,703 using the latest closing price.
Niderno Allison G, the SVP & Controller of Hartford Financial Services Group Inc., sale 1,516 shares at $94.55 during a trade that took place back on Mar 04 ’24, which means that Niderno Allison G is holding 630 shares at $143,333 based on the most recent closing price.
Stock Fundamentals for HIG
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.85 for the gross margin
The net margin for Hartford Financial Services Group Inc. stands at 0.1. The total capital return value is set at 0.09. Equity return is now at value 18.26, with 3.95 for asset returns.
Based on Hartford Financial Services Group Inc. (HIG), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.97. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 16.03.
Currently, EBITDA for the company is -234.0 million with net debt to EBITDA at 1.85. When we switch over and look at the enterprise to sales, we see a ratio of 1.39. The receivables turnover for the company is 1.93for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.31.
Conclusion
In a nutshell, Hartford Financial Services Group Inc. (HIG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
