In the past week, HIG stock has gone up by 0.68%, with a monthly decline of -3.22% and a quarterly plunge of -6.79%. The volatility ratio for the week is 2.13%, and the volatility levels for the last 30 days are 1.85% for Hartford Financial Services Group Inc The simple moving average for the last 20 days is 0.16% for HIG stock, with a simple moving average of 0.67% 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 higher price-to-earnings ratio of 10.96x compared to its average ratio. HIG has 36-month beta value of 0.97. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 5 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for HIG is 288.89M, and currently, short sellers hold a 1.28% ratio of that float. The average trading volume of HIG on January 15, 2025 was 1.56M shares.
HIG) stock’s latest price update
The stock of Hartford Financial Services Group Inc (NYSE: HIG) has increased by 1.78 when compared to last closing price of 107.48. Despite this, the company has experienced a 0.68% gain in its stock price over the last five trading sessions. businesswire.com reported 2025-01-09 that HARTFORD, Conn.–(BUSINESS WIRE)–The Hartford appointed Tooker as the company’s president. In this new role, he will add Personal Lines to his current position overseeing Small Commercial, Middle & Large Commercial and Global Specialty, as well as Enterprise Sales & Distribution and Risk Services. This will align all of the company’s property-and-casualty businesses under his leadership. In addition, Tooker will also be responsible for stewarding a number of enterprise-wide initiatives.
Analysts’ Opinion of HIG
Many brokerage firms have already submitted their reports for HIG stocks, with Barclays repeating the rating for HIG by listing it as a “Overweight.” The predicted price for HIG in the upcoming period, according to Barclays is $135 based on the research report published on January 06, 2025 of the current year 2025.
BofA Securities, on the other hand, stated in their research note that they expect to see HIG reach a price target of $121, previously predicting the price at $113. The rating they have provided for HIG stocks is “Neutral” according to the report published on October 04th, 2024.
Barclays gave a rating of “Equal Weight” to HIG, setting the target price at $130 in the report published on September 05th of the previous year.
HIG Trading at -4.14% 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 -12.42% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 2.13%, as shares sank -1.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.95% lower at present.
During the last 5 trading sessions, HIG rose by +0.68%, which changed the moving average for the period of 200-days by +6.93% in comparison to the 20-day moving average, which settled at $109.22. In addition, Hartford Financial Services Group Inc saw -0.01% in overturn over a single year, with a tendency to cut further losses.
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 1.38. 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
To put it simply, Hartford Financial Services Group Inc (HIG) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
