The stock of Hartford Financial Services Group Inc. (HIG) has gone up by 2.24% for the week, with a 10.62% rise in the past month and a 15.33% rise in the past quarter. The volatility ratio for the week is 1.64%, and the volatility levels for the past 30 days are 1.43% for HIG. The simple moving average for the past 20 days is 4.60% for HIG’s stock, with a 21.07% 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 12.19x, which is above its average ratio. Moreover, the 36-month beta value for HIG is 0.92. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for HIG is 292.01M and currently, short sellers hold a 1.45% of that float. On September 05, 2024, HIG’s average trading volume was 1.44M shares.
HIG) stock’s latest price update
The stock of Hartford Financial Services Group Inc. (NYSE: HIG) has decreased by -0.15 when compared to last closing price of 116.18. Despite this, the company has experienced a 2.24% gain in its stock price over the last five trading sessions. investorplace.com reported 2024-07-31 that The recent CrowdStrike (NASDAQ: CRWD ) outage may be bad news for CRWD stock, but it may be a different story for cyber insurance stocks. In other words, shares in property and casualty (P&C) insurance companies that offer cyber insurance products.
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 “Neutral.” The predicted price for HIG in the upcoming period, according to Citigroup is $114 based on the research report published on June 28, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see HIG reach a price target of $132. The rating they have provided for HIG stocks is “Outperform” according to the report published on January 10th, 2024.
JP Morgan gave a rating of “Neutral” to HIG, setting the target price at $91 in the report published on January 08th of the current year.
HIG Trading at 8.97% 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 -0.71% of loss for the given period.
Volatility was left at 1.43%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares surge +10.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.09% upper at present.
During the last 5 trading sessions, HIG rose by +2.24%, which changed the moving average for the period of 200-days by +53.95% in comparison to the 20-day moving average, which settled at $111.44. In addition, Hartford Financial Services Group Inc. saw 44.31% 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 Rodden Lori A, who sale 3,855 shares at the price of $111.16 back on Jul 31 ’24. After this action, Rodden Lori A now owns 11,072 shares of Hartford Financial Services Group Inc., valued at $428,522 using the latest closing price.
Paiano Robert W, the EVP & Chief Risk Officer of Hartford Financial Services Group Inc., sale 13,185 shares at $110.94 during a trade that took place back on Jul 31 ’24, which means that Paiano Robert W is holding 25,071 shares at $1,462,780 based on the most recent closing price.
Stock Fundamentals for HIG
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.85 for the gross margin
The net margin for Hartford Financial Services Group Inc. stands at 0.11. The total capital return value is set at 0.11. Equity return is now at value 19.53, with 4.19 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 1.32. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 18.85.
Currently, EBITDA for the company is -234.0 million with net debt to EBITDA at 6.66. When we switch over and look at the enterprise to sales, we see a ratio of 1.5. The receivables turnover for the company is 4.02for 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 0.34.
Conclusion
To wrap up, the performance of Hartford Financial Services Group Inc. (HIG) has been better in recent times. The stock has received a bullish of “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.
