The Hartford Financial Services Group Inc. [HIG] is -13.24% lower this YTD. Is it still time to buy?

The Hartford Financial Services Group Inc. [NYSE: HIG] loss -2.04% or -1.37 points to close at $65.79 with a heavy trading volume of 2693006 shares. The company report on March 21, 2023 that The Hartford’s 2023 Home Fire Index Uncovers Significant Decrease In Behaviors Causing Home Fires.

Index Identifies Top 150 U.S. Cities With Highest Home Fire Risk.

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Company pledges to educate 1.5 million children through its Junior Fire Marshal program and donates $1.5 million to fire safety education.

It opened the trading session at $66.99, the shares rose to $67.22 and dropped to $64.92, the range by which the price of stock traded the whole day. The daily chart for HIG points out that the company has recorded 4.31% gains over the past six months. However, it is still -9.34% lower than its most recent low trading price.

If we look at the average trading volume of 2.19M shares, HIG reached to a volume of 2693006 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $87.25 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.

BMO Capital Markets have made an estimate for The Hartford Financial Services Group Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 20, 2023. The new note on the price target was released on January 10, 2023, representing the official price target for The Hartford Financial Services Group Inc. stock. Previously, the target price had yet another raise to $84, while Goldman analysts kept a Neutral rating on HIG stock.

The Average True Range (ATR) for The Hartford Financial Services Group Inc. is set at 2.24, with the Price to Sales ratio for HIG stock in the period of the last 12 months amounting to 0.96. The Price to Book ratio for the last quarter was 1.57, with the Price to Cash per share for the same quarter was set at 0.70. Price to Free Cash Flow for HIG in the course of the last twelve months was 6.46.

Trading performance analysis for HIG stock

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 -4.12. With this latest performance, HIG shares dropped by -14.72% in over the last four-week period, additionally plugging by 4.31% over the last 6 months – not to mention a drop of -8.34% 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 35.52, with the RSI for the last a single of trading hit 35.30, and the three-weeks RSI is set at 36.71 for The Hartford Financial Services Group Inc. [HIG]. The present Moving Average for the last 50 days of trading for this stock 74.71, while it was recorded at 67.05 for the last single week of trading, and 70.15 for the last 200 days.

The Hartford Financial Services Group Inc. [HIG]: A deeper dive into fundamental analysis

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 +11.11. The Hartford Financial Services Group Inc.’s Net Margin is presently recorded at +8.12.

Return on Total Capital for HIG is now 7.03, given the latest momentum, and Return on Invested Capital for the company is 8.90. Return on Equity for this stock inclined to 11.53, with Return on Assets sitting at 2.65. 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 31.96. Additionally, HIG Total Debt to Total Capital is recorded at 24.22, with Total Debt to Total Assets ending up at 6.57. Long-Term Debt to Equity for the company is recorded at 32.77, with the Long-Term Debt to Total Capital now at 24.22.

Reflecting on the efficiency of the workforce at the company, The Hartford Financial Services Group Inc. [HIG] managed to generate an average of $96,543 per employee.

The Hartford Financial Services Group Inc. [HIG]: An earnings per share (EPS) analysis

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 12.72%.

An analysis of insider ownership at The Hartford Financial Services Group Inc. [HIG]

There are presently around $19,080 million, or 93.60% of HIG stock, in the hands of institutional investors. The top three institutional holders of HIG stocks are: VANGUARD GROUP INC with ownership of 39,535,660, which is approximately -0.61% of the company’s market cap and around 0.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 24,773,081 shares of the stock with an approximate value of $1.63 billion in HIG stocks shares; and BLACKROCK INC., currently with $1.61 billion in HIG stock with ownership of nearly 2.376% of the company’s market capitalization.

Positions in The Hartford Financial Services Group Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 396 institutional holders increased their position in The Hartford Financial Services Group Inc. [NYSE:HIG] by around 16,568,756 shares. Additionally, 315 investors decreased positions by around 19,620,601 shares, while 132 investors held positions by with 253,822,086 shares. The mentioned changes placed institutional holdings at 290,011,443 shares, according to the latest SEC report filing. HIG stock had 116 new institutional investments in for a total of 1,865,149 shares, while 55 institutional investors sold positions of 1,238,155 shares during the same period.


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