Goldman slashes price target on The Hartford Financial Services Group Inc. [HIG] – find out why.


The Hartford Financial Services Group Inc. [NYSE: HIG] slipped around -1.54 points on Thursday, while shares priced at $73.11 at the close of the session, down -2.06%. The company report on April 21, 2022 that The Hartford Partners With Earthwatch On Global Pollinator Program.

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Company collaborates with Asylum Hill Neighborhood Association to provide educational resources and raise awareness of pollinators’ role in urban ecosystem.

The Hartford is partnering with Earthwatch, an international environmental organization, on a citizen-science project to document pollinators with the goal of understanding if key species are declining and how climate change may be affecting pollinator populations. One area of focus for the Global Pollinator Watch program is understanding the ecological health of the City of Hartford’s Asylum Hill neighborhood.

The Hartford Financial Services Group Inc. stock is now 5.90% up from its year-to-date (YTD) trading value. HIG Stock saw the intraday high of $76.00 and lowest of $72.96 per share. The company’s 52-week high price is 78.17, which means current price is +12.55% above from all time high which was touched on 04/21/22.

Compared to the average trading volume of 2.18M shares, HIG reached a trading volume of 2497535 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $83.50 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.

Goldman have made an estimate for The Hartford Financial Services Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 23, 2021. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on November 19, 2021, representing the official price target for The Hartford Financial Services Group Inc. stock. Previously, the target price had yet another raise to $77, while Morgan Stanley analysts kept a Equal-Weight rating on HIG stock.

The Average True Range (ATR) for The Hartford Financial Services Group Inc. is set at 1.74, with the Price to Sales ratio for HIG stock in the period of the last 12 months amounting to 1.09. The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 0.62. Price to Free Cash Flow for HIG in the course of the last twelve months was 6.88.

How has HIG stock performed recently?

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 -2.97. With this latest performance, HIG shares gained by 1.85% in over the last four-week period, additionally plugging by 0.01% over the last 6 months – not to mention a rise of 9.68% 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 52.10, with the RSI for the last a single of trading hit 48.62, and the three-weeks RSI is set at 53.05 for The Hartford Financial Services Group Inc. [HIG]. The present Moving Average for the last 50 days of trading for this stock 70.96, while it was recorded at 74.25 for the last single week of trading, and 69.50 for the last 200 days.

The Hartford Financial Services Group Inc. [HIG]: Deeper insight into the 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 +13.98. The Hartford Financial Services Group Inc.’s Net Margin is presently recorded at +10.56.

Return on Equity for this stock inclined to 12.99, with Return on Assets sitting at 3.38.

Earnings analysis for The Hartford Financial Services Group Inc. [HIG]

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 13.00%.

Insider trade positions for The Hartford Financial Services Group Inc. [HIG]

There are presently around $23,087 million, or 95.20% of HIG stock, in the hands of institutional investors. The top three institutional holders of HIG stocks are: VANGUARD GROUP INC with ownership of 39,787,394, which is approximately -0.183% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 25,991,605 shares of the stock with an approximate value of $1.94 billion in HIG stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.62 billion in HIG stock with ownership of nearly 11.6% 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 327 institutional holders increased their position in The Hartford Financial Services Group Inc. [NYSE:HIG] by around 12,705,221 shares. Additionally, 315 investors decreased positions by around 19,129,619 shares, while 136 investors held positions by with 277,434,601 shares. The mentioned changes placed institutional holdings at 309,269,441 shares, according to the latest SEC report filing. HIG stock had 96 new institutional investments in for a total of 1,278,459 shares, while 66 institutional investors sold positions of 3,502,172 shares during the same period.