Hartford Financial Services Group Inc. (HIG) is gearing up for another turning point as it hit the volume of 1.65

On Friday, Hartford Financial Services Group Inc. (NYSE: HIG) opened higher 90.81% from the last session, before settling in for the closing price of $98.47. Price fluctuations for HIG have ranged from $64.25 to $91.85 over the past 52 weeks.

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Financial Sector giant saw their annual sales surged by 5.40% over the last five years. Company’s average yearly earnings per share was noted 12.68% at the time writing. With a float of $299.32 million, this company’s outstanding shares have now reached $315.11 million.

The firm has a total of Nov 30 2023 workers. Let’s measure their productivity.

Hartford Financial Services Group Inc. (HIG) Insider Activity

A key investor’s attitude towards the stock of the Insurance – Property & Casualty industry is another important factor to consider. The insider ownership of Hartford Financial Services Group Inc. is 0.49%, while institutional ownership is 94.93%. The most recent insider transaction that took place on Feb 07, was worth 1,812,785. In this transaction EVP of this company sold 20,194 shares at a rate of $89.77, taking the stock ownership to the 25,643 shares. Before that another transaction happened on Feb 07, when Company’s Executive Vice President sold 10,000 for $89.99, making the entire transaction worth $899,905. This insider now owns 4,912 shares in total.

Hartford Financial Services Group Inc. (HIG) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $3.06 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $2.44) by $0.62. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.44 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 12.68% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.50% during the next five years compared to 12.66% growth over the previous five years of trading.

Hartford Financial Services Group Inc. (NYSE: HIG) Trading Performance Indicators

Check out the current performance indicators for Hartford Financial Services Group Inc. (HIG). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.11. Likewise, its price to free cash flow for the trailing twelve months is 7.86.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.99, a number that is poised to hit 2.42 in the next quarter and is forecasted to reach 11.40 in one year’s time.

Technical Analysis of Hartford Financial Services Group Inc. (HIG)

Analysing the last 5-days average volume posted by the [Hartford Financial Services Group Inc., HIG], we can find that recorded value of 1.82 million was lower than the volume posted last year of 1.83 million. As of the previous 9 days, the stock’s Stochastic %D was 73.58%. Additionally, its Average True Range was 1.36.

During the past 100 days, Hartford Financial Services Group Inc.’s (HIG) raw stochastic average was set at 95.48%, which indicates a significant increase from 84.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.52% in the past 14 days, which was higher than the 15.77% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $82.75, while its 200-day Moving Average is $74.73. Now, the first resistance to watch is $91.42. This is followed by the second major resistance level at $92.02. The third major resistance level sits at $93.14. If the price goes on to break the first support level at $89.70, it is likely to go to the next support level at $88.58. Should the price break the second support level, the third support level stands at $87.98.

Hartford Financial Services Group Inc. (NYSE: HIG) Key Stats

There are currently 300,770K shares outstanding in the company with a market cap of 27.31 billion. Presently, the company’s annual sales total 22,362 M according to its annual income of 1,815 M. Last quarter, the company’s sales amounted to 6,168 M and its income totaled 651,000 K.