The price-to-earnings ratio for Hartford Financial Services Group Inc (NYSE: HIG) is above average at 11.70x, Company’s 36-month beta value is 0.93.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 4 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for HIG is 288.89M, and currently, short sellers hold a 0.97% ratio of that floaft. The average trading volume of HIG on November 20, 2024 was 1.45M shares.
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HIG) stock’s latest price update
Hartford Financial Services Group Inc (NYSE: HIG)’s stock price has decreased by -1.11 compared to its previous closing price of 118.13. However, the company has seen a -0.92% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-30 that The Hartford Financial gets its buy rating from January reaffirmed. This established firm has a diversified business model including growth indicators in insurance, group benefits, and mutual funds. With a strong profit margin vs peers, and stable costs, its earnings should continue to be positive and sustain steady dividends.
HIG’s Market Performance
Hartford Financial Services Group Inc (HIG) has seen a -0.92% fall in stock performance for the week, with a -3.40% decline in the past month and a 5.13% surge in the past quarter. The volatility ratio for the week is 1.26%, and the volatility levels for the past 30 days are at 1.43% for HIG. The simple moving average for the last 20 days is 1.32% for HIG stock, with a simple moving average of 10.74% for the last 200 days.
Analysts’ Opinion of HIG
Many brokerage firms have already submitted their reports for HIG stocks, with BofA Securities repeating the rating for HIG by listing it as a “Neutral.” The predicted price for HIG in the upcoming period, according to BofA Securities is $121 based on the research report published on October 04, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see HIG reach a price target of $130. The rating they have provided for HIG stocks is “Equal Weight” according to the report published on September 05th, 2024.
Citigroup gave a rating of “Neutral” to HIG, setting the target price at $114 in the report published on June 28th of the current year.
HIG Trading at 0.25% 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 -5.20% of loss for the given period.
Volatility was left at 1.43%, however, over the last 30 days, the volatility rate increased by 1.26%, as shares sank -2.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.02% lower at present.
During the last 5 trading sessions, HIG fell by -0.92%, which changed the moving average for the period of 200-days by +29.73% in comparison to the 20-day moving average, which settled at $115.30. In addition, Hartford Financial Services Group Inc saw 45.33% 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 TOOKER ADIN M, who sale 6,865 shares at the price of $117.04 back on Nov 15 ’24. After this action, TOOKER ADIN M now owns 25,820 shares of Hartford Financial Services Group Inc, valued at $803,479 using the latest closing price.
TOOKER ADIN M, the Officer of Hartford Financial Services Group Inc, proposed sale 6,865 shares at $117.04 during a trade that took place back on Nov 15 ’24, which means that TOOKER ADIN M is holding shares at $803,479 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 0.12. The total capital return value is set at 0.05. Equity return is now at value 19.74, with 4.27 for asset returns.
Based on Hartford Financial Services Group Inc (HIG), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 1.3. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 19.9.
Currently, EBITDA for the company is 3.8 billion with net debt to EBITDA at 0.89. When we switch over and look at the enterprise to sales, we see a ratio of 1.46. The receivables turnover for the company is 4.23for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
Conclusion
In a nutshell, Hartford Financial Services Group Inc (HIG) has experienced a mixed 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.
