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In the latest session, Hartford Financial Services Group Inc. (NYSE: HIG) closed at $102.33 up 0.38% from its previous closing price of $101.94. In other words, the price has increased by $0.38 from its previous closing price. On the day, 1.38 million shares were traded. HIG stock price reached its highest trading level at $103.825 during the session, while it also had its lowest trading level at $102.17.
Ratios:
For a deeper understanding of Hartford Financial Services Group Inc.’s stock, let’s take a closer look at its various 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 the company, Citigroup on June 28, 2024, Downgraded its rating to Neutral and sets its target price to $114 from $116 previously.
On January 10, 2024, TD Cowen started tracking the stock assigning a Outperform rating and target price of $132.
JP Morgan Downgraded its Overweight to Neutral on January 08, 2024, whereas the target price for the stock was revised from $94 to $91.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 01 ’24 when FISHER MICHAEL R sold 4,088 shares for $101.47 per share. The transaction valued at 414,809 led to the insider holds 14,818 shares of the business.
Bennett Jonathan R sold 18,335 shares of HIG for $1,847,893 on May 09 ’24. The EVP now owns 25,643 shares after completing the transaction at $100.78 per share. On May 08 ’24, another insider, Costello Beth Ann, who serves as the EVP and CFO of the company, sold 72,076 shares for $99.71 each. As a result, the insider received 7,186,568 and left with 69,169 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 30264610816 and an Enterprise Value of 31708647424. As of this moment, Hartford’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.63, and their Forward P/E ratio for the next fiscal year is 8.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.21 while its Price-to-Book (P/B) ratio in mrq is 2.01. Its current Enterprise Value per Revenue stands at 1.265 whereas that against EBITDA is 7.951.
Stock Price History:
Over the past 52 weeks, HIG has reached a high of $106.93, while it has fallen to a 52-week low of $68.82. The 50-Day Moving Average of the stock is 0.92%, while the 200-Day Moving Average is calculated to be 13.06%.
Shares Statistics:
For the past three months, HIG has traded an average of 1.49M shares per day and 1375490 over the past ten days. A total of 298.47M shares are outstanding, with a floating share count of 294.69M. Insiders hold about 0.36% of the company’s shares, while institutions hold 95.37% stake in the company. Shares short for HIG as of 1721001600 were 3606024 with a Short Ratio of 2.41, compared to 1718323200 on 4754827. Therefore, it implies a Short% of Shares Outstanding of 3606024 and a Short% of Float of 1.4099999.
Dividends & Splits
According to the company, the forward annual dividend rate for HIG is 1.83, from 1.79 in the trailing year. Against a Trailing Annual Dividend Yield of 0.017559348The stock’s 5-year Average Dividend Yield is 2.31.
