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Saturday, June 3, 2023

Make Sure You Stick With The Hartford Financial Services Group Inc. (HIG). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for The Hartford Financial Services Group Inc. (HIG) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $70.45. The The Hartford Financial Services Group Inc. has recorded 156,257 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed The Hartford To Host Virtual Annual Meeting Of Shareholders On May 17.

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Stocks Info

The Hartford Financial Services Group Inc. is listed on the NYSE in the Financial sector while operating in the Insurance – Diversified industry. At the end of the last regular session, the stock closed at $70.45 and fluctuated between $71.07 as its day high and $69.93 as its day low. The current market capitalization of The Hartford Financial Services Group Inc. is $21.38B. A total of 1.31 million shares were traded on the day, compared to an average of 2.26M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, HIG has seen 16 BUY and 25 SELL insider trades, representing the acquisition of 281,769 and the disposition of 195,070 shares. Over the last 12 months, there were 42 BUYs and 49 SELLs from insiders. Insiders purchased 652,626 shares during that period but sold 592,221.

In the most recent transaction, Stepnowski Amy sold 336 shares of HIG for 70.25 per share on May 08. After the transaction, the EVP now owns 3,172 company shares. In a previous transaction on May 05, Bennett Jonathan R sold 21 shares at 69.81 per share. HIG shares that EVP owns now total 25,643.

Among the insiders who bought shares, Bennett Jonathan R acquired of 10 shares on May 02 at a per-share price of $68.99. This resulted in the EVP holding 25,664 shares of HIG after the transaction. In another insider transaction, Stepnowski Amy sold 336 shares at $69.56 per share on Apr 06. Company shares held by the EVP now total 3,508.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. The Hartford Financial Services Group Inc. pays an annual dividend of $1.70, resulting in a dividend yield of 2.41%, and it has a price to earnings (P/E) ratio of 12.12. HIG’s most recent ex-dividend date was 3/3/2023 when it declared a $0.4250 quarterly dividend that was paid in cash on 4/4/2023. Previously, the company paid the dividend on 1/4/2023 with an ex-dividend date of 11/30/2022. The HIG stock dividend was $0.4250 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HIG in the last 3 months, the mean price target is $87.78 with high estimates of $104.00 and low estimates of $70.00. In terms of 52-week highs and lows, HIG has a high of $79.44 and a low of $60.17.

As of this writing, HIG has an earnings estimate of $1.93 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $2.14 per share and a lower estimate of $1.68. The company reported an EPS of $2.31 in the last quarter, which was 23.50% higher than expectations of $1.87.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. HIG’s latest balance sheet shows that the firm has $46.75B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $44.61, while its Total Shareholder’s Equity was $17.84B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HIG is Buy with a score of 4.15.

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