The stock of Hartford Financial Services Group Inc (HIG) has gone down by -1.65% for the week, with a 8.49% rise in the past month and a 4.80% rise in the past quarter. The volatility ratio for the week is 1.55%, and the volatility levels for the past 30 days are 1.42% for HIG. The simple moving average for the last 20 days is 1.16% for HIG stock, with a simple moving average of 12.73% for the last 200 days.
Is It Worth Investing in Hartford Financial Services Group Inc (NYSE: HIG) Right Now?
Hartford Financial Services Group Inc (NYSE: HIG) has a price-to-earnings ratio of 12.08x that is above its average ratio. Additionally, the 36-month beta value for HIG is 0.95. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HIG is 288.89M and currently, short sellers hold a 1.00% ratio of that float. The average trading volume of HIG on December 05, 2024 was 1.48M shares.
HIG) stock’s latest price update
Hartford Financial Services Group Inc (NYSE: HIG) has seen a decline in its stock price by -0.20 in relation to its previous close of 120.84. However, the company has experienced a -1.65% decline in its stock price over the last five trading sessions. zacks.com reported 2024-12-02 that HIG’s balance sheet strength provides the financial flexibility to pursue growth initiatives and boost shareholder value.
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 2.58% 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 -3.44% of loss for the given period.
Volatility was left at 1.42%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +8.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.55% upper at present.
During the last 5 trading sessions, HIG fell by -1.65%, which changed the moving average for the period of 200-days by +29.08% in comparison to the 20-day moving average, which settled at $119.22. In addition, Hartford Financial Services Group Inc saw 50.04% 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 Bennett Jonathan R, who proposed sale 24,094 shares at the price of $119.66 back on Nov 21 ’24. After this action, Bennett Jonathan R now owns shares of Hartford Financial Services Group Inc, valued at $2,883,132 using the latest closing price.
TOOKER ADIN M, the EVP of Hartford Financial Services Group Inc, 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 25,820 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 1.5. 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 conclusion, Hartford Financial Services Group Inc (HIG) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
