Analysts Point To Hartford Financial Services Group Inc. (NYSE: HIG) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that The Hartford Names Matthew Massaro Head Of Northeast Division Sales And Underwriting For Middle And Large Commercial.

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Stocks Info

As a NYSE listed company, HIG falls under the Financial sector while operating within the Insurance – Property & Casualty industry segment. The current market capitalization of Hartford Financial Services Group Inc. is $30.42B. A total of 1.81 million shares were traded on the day, compared to an average of 1.79M shares.

In the most recent transaction, FISHER MICHAEL R sold 27,004 shares of HIG for 98.90 per share on Mar 13 ’24. After the transaction, the EVP now owns 18,906 company shares. In a previous transaction on Mar 04 ’24, Niderno Allison G sold 1,516 shares at 94.55 per share. HIG shares that SVP & Controller owns now total 630.

Among the insiders who sold shares, FISHER MICHAEL R disposed of 4,088 shares on Mar 01 ’24 at a per-share price of $95.06. This resulted in the EVP holding 10,081 shares of HIG after the transaction. In another insider transaction, FISHER MICHAEL R sold 4,088 shares at $95.06 per share on Mar 01 ’24. Company shares held by the EVP now total 10,081.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Hartford Financial Services Group Inc. pays an annual dividend of $1.79, resulting in a dividend yield of 1.75%, and it has a price to earnings (P/E) ratio of 12.80. HIG’s most recent ex-dividend date was 3/1/2024 when it declared a $0.47 quarterly dividend that was paid in cash on 4/2/2024. Previously, the company paid the dividend on 1/3/2024 with an ex-dividend date of 11/30/2023. The HIG stock dividend was $0.47 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, HIG has a high of $101.49 and a low of $66.56.

As of this writing, HIG has an earnings estimate of $2.42 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $2.65 per share and a lower estimate of $2.29. The company reported an EPS of $2.29 in the last quarter, which was 15.70% higher than expectations of $1.98.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $50.23, while its Total Shareholder’s Equity was $17.84B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 3.95.

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