The price of The Hartford Financial Services Group Inc. (NYSE: HIG) closed at $68.65 in the last session, down -1.56% from day before closing price of $69.74. In other words, the price has decreased by -$1.09 from its previous closing price. On the day, 2190031 shares were traded. HIG stock price reached its highest trading level at $69.55 during the session, while it also had its lowest trading level at $68.26.
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We take a closer look at HIG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 140.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.70. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.31.
Upgrades & Downgrades
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 08 when Stepnowski Amy sold 336 shares for $70.25 per share. The transaction valued at 23,604 led to the insider holds 3,172 shares of the business.
Bennett Jonathan R sold 21 shares of HIG for $1,466 on May 05. The EVP now owns 25,643 shares after completing the transaction at $69.81 per share. On May 02, another insider, Bennett Jonathan R, who serves as the EVP of the company, bought 10 shares for $68.99 each. As a result, the insider paid 690 and bolstered with 25,664 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HIG now has a Market Capitalization of 22.18B and an Enterprise Value of 26.64B. As of this moment, The’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.81, and their Forward P/E ratio for the next fiscal year is 7.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 1.22.
Stock Price History:
Over the past 52 weeks, HIG has reached a high of $79.44, while it has fallen to a 52-week low of $60.17. The 50-Day Moving Average of the stock is 69.43, while the 200-Day Moving Average is calculated to be 71.17.
According to the various share statistics, HIG traded on average about 2.26M shares per day over the past 3-months and 1.8M shares per day over the past 10 days. A total of 314.00M shares are outstanding, with a floating share count of 308.90M. Insiders hold about 0.20% of the company’s shares, while institutions hold 93.60% stake in the company. Shares short for HIG as of Apr 27, 2023 were 2.83M with a Short Ratio of 2.85M, compared to 3.24M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.91% and a Short% of Float of 1.05%.
Dividends & Splits
The forward annual dividend rate for HIG is 1.70, which was 1.62 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 2.32%, it implies a Forward Annual Dividend Yield of 2.40%. The stock’s 5-year Average Dividend Yield is 2.33. The current Payout Ratio is 27.50% for HIG, which recently paid a dividend on Jul 04, 2023 with an ex-dividend date of May 30, 2023. Stock splits for the company last occurred on Jul 15, 1998 when the company split stock in a 2:1 ratio.
The company has 15 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.94 for the current quarter, with a high estimate of $2.14 and a low estimate of $1.68, while EPS last year was $2.15. The consensus estimate for the next quarter is $2.02, with high estimates of $2.19 and low estimates of $1.8.
Analysts are recommending an EPS of between $8.4 and $7.55 for the fiscal current year, implying an average EPS of $8.07. EPS for the following year is $9.74, with 17 analysts recommending between $10.9 and $9.
According to 3 analysts, the current quarter’s revenue is expected to be $6.05B. It ranges from a high estimate of $6.09B to a low estimate of $6B. As of the current estimate, The Hartford Financial Services Group Inc.’s year-ago sales were $5.37B, an estimated increase of 12.50% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $6.13B, an increase of 9.80% less than the figure of $12.50% in the same quarter last year. There is a high estimate of $6.14B for the next quarter, whereas the lowest estimate is $6.12B.
A total of 3 analysts have provided revenue estimates for HIG’s current fiscal year. The highest revenue estimate was $24.5B, while the lowest revenue estimate was $24.3B, resulting in an average revenue estimate of $24.37B. In the same quarter a year ago, actual revenue was $22.36B, up 9.00% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $25.76B in the next fiscal year. The high estimate is $26.06B and the low estimate is $25.57B. The average revenue growth estimate for next year is up 5.70% from the average revenue estimate for this year.