When looking at valuations, The Hartford Financial Services Group, Inc. (HIG) has a cheap P/E of 9.53x as compared to industry average of 25.52x. It trades for 8.49 times the next 12 months of expected earnings. It is trading at rather expensive levels at just over 1.19x price/book and 0.81x price/sales.
The Hartford Financial Services Group, Inc. (NYSE:HIG) is now worth $15.22B thanks to -1.1% drop in recent trade and currently has a price tag of $42.35. The shares traded as low as $41.13 and had $42.55 an intraday high earlier Thursday. Trading activity significantly improved as the volume at ready counter increased to 5,036,809 shares versus 2,816,920 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,373,860 shares. The stock is now -0.89% above against its bear-market low of $42.73 on December 06, 2018. It has retreated -39.79% since it’s 52-week high of $59.2 reached in January. Now the market price is down -22.49% on the year and down -24.75% YTD.
HIG’s 50 day simple moving average (SMA 50) price is $46.16 and its 200-day simple moving average (SMA 200) price is $50.67. The company’s stock currently has a total float of 357.4M shares. Its weekly volatility is hovering around 2.54% and felt 2.15% volatility in price over a month. On the upside, the share price will test short term resistance at around $42.89. On a downside, the stock is likely to find some support, which begins at $41.47. The failure to get near-term support could push it to $40.59.
Separately, it has been reported that multiple insider activity took place at The Hartford Financial Services Group, Inc. (HIG). EVP and General Counsel Robinson David C sold 2,395 shares for $4,231 in transaction occurred on 2018/10/31. After making this transaction, the EVP and General Counsel owns a direct stake of 109,260 shares, worth $179,183, as per the last closing price. On 2018/08/01 Bombara Beth Ann, EVP and CFO at HIG, dumped 23,906 shares at an average price of $52.63 per share. The selling total is valued at $809,986.
EVP and General Counsel, Robinson David C had divested 2,395 shares for $20,144 through a trade on 2018/07/31. Following this activity, the insider holds 126,648 shares worth $853,098 as of recent close. Wall Street’s most bullish The Hartford Financial Services Group, Inc. (NYSE:HIG) analysts are predicting the share price to blow past $64 per share during the next 12 months. The current median share price forecast by them is $58, suggesting that the stock could increase 36.95% in that time frame. The average price target of $56.89 calls for a nearly 34.33% increase in the stock price.
It had seen a positive analyst call from Janney, which upgraded the stock from Neutral to Buy on December 04. Analysts at BofA/Merrill, shed their negative views on October 09 by lifting it fromNeutral to Buy. The stock won favor of B. Riley FBR analysts who expressed their confidence in it using an upgrade from Neutral to Buy on September 24. Sandler O’Neill, released new analyst coverage on September 10, calling the stock is Buy.
Shares of The Hartford Financial Services Group, Inc. (HIG) have dropped -6% since the company’s last earnings report. Over the past 11 fiscal quarters, The Hartford Financial Services Group, Inc. (NYSE:HIG) has topped consensus earnings estimates in 9 quarters (75%), missed earnings in 2 quarters (16%), whereas at 0 occasion EPS met analyst expectations. HIG last reported earnings on October 25, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.15 per share, -87.19% change on the same period last year. That was better than consensus for $1.06. Revenue for the recent quarter stood at $4.84 billion, up 3% on last year and above the $4.71 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $4.66 billion to $4.83 billion, which should be compared with $5.23 billion generated last year. EPS is seen in a range of $0.69 to $1.28, against the $1.27 reported a year ago.