After finishing at $102.76 in the prior trading day, Hartford Financial Services Group Inc. (NYSE: HIG) closed at $98.87, down -3.79%. In other words, the price has decreased by -$3.89 from its previous closing price. On the day, 2185085 shares were traded.
Ratios:
Our goal is to gain a better understanding of HIG by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.28.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on January 10, 2024, initiated with a Outperform rating and assigned the stock a target price of $132.
On January 08, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $94 to $91.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 13 ’24 when FISHER MICHAEL R sold 27,004 shares for $98.90 per share. The transaction valued at 2,670,703 led to the insider holds 18,906 shares of the business.
Niderno Allison G sold 1,516 shares of HIG for $143,333 on Mar 04 ’24. The SVP & Controller now owns 630 shares after completing the transaction at $94.55 per share. On Mar 01 ’24, another insider, FISHER MICHAEL R, who serves as the EVP of the company, sold 4,088 shares for $95.06 each. As a result, the insider received 388,605 and left with 10,081 shares of the company.
Valuation Measures:
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 29.39B and an Enterprise Value of 33.96B. As of this moment, Hartford’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.37, and their Forward P/E ratio for the next fiscal year is 8.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 1.97. Its current Enterprise Value per Revenue stands at 1.40.
Stock Price History:
Over the past 52 weeks, HIG has reached a high of $103.64, while it has fallen to a 52-week low of $67.01. The 50-Day Moving Average of the stock is 96.03, while the 200-Day Moving Average is calculated to be 80.24.
Shares Statistics:
The stock has traded on average 1.83M shares per day over the past 3-months and 1.7M shares per day over the last 10 days, according to various share statistics. A total of 298.47M shares are outstanding, with a floating share count of 295.89M. Insiders hold about 0.49% of the company’s shares, while institutions hold 95.48% stake in the company. Shares short for HIG as of Mar 28, 2024 were 4.2M with a Short Ratio of 1.95, compared to 3.61M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.41% and a Short% of Float of 1.63%.
Dividends & Splits
In the trailing 12 months, HIG’s forward annual dividend rate was 1.75, compared to 1.79 this year. Against a Trailing Annual Dividend Yield of 1.70%, it implies a Forward Annual Dividend Yield of 1.90%. The stock’s 5-year Average Dividend Yield is 2.33. The current Payout Ratio is 21.89% for HIG, which recently paid a dividend on Apr 02, 2024 with an ex-dividend date of Mar 01, 2024. Stock splits for the company last occurred on Jul 16, 1998 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 19 different market analysts. On average, analysts expect EPS of $2.44 for the current quarter, with a high estimate of $2.65 and a low estimate of $2.3, while EPS last year was $1.68. The consensus estimate for the next quarter is $2.45, with high estimates of $2.65 and low estimates of $2.26.
Analysts are recommending an EPS of between $10.75 and $9.75 for the fiscal current year, implying an average EPS of $10.13. EPS for the following year is $11.46, with 20 analysts recommending between $12.45 and $10.7.
Revenue Estimates
4 analysts predict $6.53B in revenue for the current quarter. It ranges from a high estimate of $6.58B to a low estimate of $6.49B. As of the current estimate, Hartford Financial Services Group Inc.’s year-ago sales were $5.91B, an estimated increase of 10.40% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $6.61B, an increase of 9.30% less than the figure of $10.40% in the same quarter last year. There is a high estimate of $6.64B for the next quarter, whereas the lowest estimate is $6.56B.
A total of 7 analysts have provided revenue estimates for HIG’s current fiscal year. The highest revenue estimate was $27.06B, while the lowest revenue estimate was $23.7B, resulting in an average revenue estimate of $26.28B. In the same quarter a year ago, actual revenue was $24.53B, up 7.10% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $27.7B in the next fiscal year. The high estimate is $28.82B and the low estimate is $24.63B. The average revenue growth estimate for next year is up 5.40% from the average revenue estimate for this year.
