The Hartford Financial Services Group Inc. [NYSE: HIG] stock went on a downward path that fall over -1.17% on Thursday, amounting to a one-week price decrease of less than -0.34%. The company report on April 22, 2021 that The Hartford Announces First Quarter 2021 Results And Financial Targets.
Expects ‘Hartford Next’ savings to reach $540 million in 2022 and $625 million in 2023.
Increases share repurchase authorization to $2.5 billion; $1.5 billion in 2021.
Over the last 12 months, HIG stock rose by 86.83%. The one-year The Hartford Financial Services Group Inc. stock forecast points to a potential upside of 7.31. The average equity rating for HIG stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $24.05 billion, with 358.30 million shares outstanding and 356.80 million shares in the current float. Compared to the average trading volume of 3.13M shares, HIG stock reached a trading volume of 6673415 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on The Hartford Financial Services Group Inc. [HIG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HIG shares is $71.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HIG stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for The Hartford Financial Services Group Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 19, 2021. While these analysts kept the previous recommendation, MKM Partners raised their target price from $65 to $70. The new note on the price target was released on March 19, 2021, representing the official price target for The Hartford Financial Services Group Inc. stock. Previously, the target price had yet another raise to $60, while Raymond James analysts kept a Outperform rating on HIG stock.
The Average True Range (ATR) for The Hartford Financial Services Group Inc. is set at 1.90, with the Price to Sales ratio for HIG stock in the period of the last 12 months amounting to 1.17. The Price to Book ratio for the last quarter was 1.31, with the Price to Cash per share for the same quarter was set at 0.42. Price to Free Cash Flow for HIG in the course of the last twelve months was 7.42.
HIG Stock Performance Analysis:
The Hartford Financial Services Group Inc. [HIG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.34. With this latest performance, HIG shares dropped by -0.95% in over the last four-week period, additionally plugging by 73.64% over the last 6 months – not to mention a rise of 86.83% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HIG stock in for the last two-week period is set at 57.67, with the RSI for the last a single of trading hit 53.32, and the three-weeks RSI is set at 60.27 for The Hartford Financial Services Group Inc. [HIG]. The present Moving Average for the last 50 days of trading for this stock 59.88, while it was recorded at 66.56 for the last single week of trading, and 47.31 for the last 200 days.
Insight into The Hartford Financial Services Group Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and The Hartford Financial Services Group Inc. [HIG] shares currently have an operating margin of +11.99. The Hartford Financial Services Group Inc.’s Net Margin is presently recorded at +8.46.
Return on Total Capital for HIG is now 11.07, given the latest momentum, and Return on Invested Capital for the company is 7.92. Return on Equity for this stock inclined to 9.98, with Return on Assets sitting at 2.57. When it comes to the capital structure of this company, The Hartford Financial Services Group Inc. [HIG] has a Total Debt to Total Equity ratio set at 24.64. Additionally, HIG Total Debt to Total Capital is recorded at 19.77, with Total Debt to Total Assets ending up at 6.61. Long-Term Debt to Equity for the company is recorded at 24.84, with the Long-Term Debt to Total Capital now at 19.57.
Reflecting on the efficiency of the workforce at the company, The Hartford Financial Services Group Inc. [HIG] managed to generate an average of $93,892 per employee.
HIG Stock EPS
With the latest financial reports released by the company, The Hartford Financial Services Group Inc. posted 1.22/share EPS, while the average EPS was predicted by analysts to be reported at 1.22/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HIG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Hartford Financial Services Group Inc. go to 4.41%.
The Hartford Financial Services Group Inc. [HIG] Insider Position Details
There are presently around $22,015 million, or 94.00% of HIG stock, in the hands of institutional investors. The top three institutional holders of HIG stocks are: VANGUARD GROUP INC with ownership of 38,908,481, which is approximately -1.308% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 24,677,290 shares of the stock with an approximate value of $1.64 billion in HIG stocks shares; and JPMORGAN CHASE & CO, currently with $1.36 billion in HIG stock with ownership of nearly 9.312% of the company’s market capitalization.
Positions in The Hartford Financial Services Group Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 320 institutional holders increased their position in The Hartford Financial Services Group Inc. [NYSE:HIG] by around 29,427,387 shares. Additionally, 285 investors decreased positions by around 28,120,414 shares, while 86 investors held positions by with 272,704,778 shares. The mentioned changes placed institutional holdings at 330,252,579 shares, according to the latest SEC report filing. HIG stock had 105 new institutional investments in for a total of 10,058,125 shares, while 55 institutional investors sold positions of 1,830,409 shares during the same period.