Hartford Financial Services Group Inc. (NYSE: HIG) on Friday, plunged -6.81% from the previous trading day, before settling in for the closing price of $120.46. Within the past 52 weeks, HIG’s price has moved between $68.92 and $123.23.
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Annual sales at Financial sector company grew by 5.40% over the past five years. The company achieved an average annual earnings per share of 13.01%. With a float of $288.90 million, this company’s outstanding shares have now reached $298.47 million.
Let’s look at the performance matrix of the company that is accounted for 18700 employees. In terms of profitability, gross margin is 85.07%, operating margin of 14.93%, and the pretax margin is 14.3%.
Hartford Financial Services Group Inc. (HIG) Insider and Institutional Ownership
Observing investor behavior towards Insurance – Property & Casualty industry stocks is more important than anything else. The insider ownership of Hartford Financial Services Group Inc. is 0.34%, while institutional ownership is 95.12%. The most recent insider transaction that took place on Jul 31 ’24, was worth 428,522. In this transaction Executive Vice President of this company sold 3,855 shares at a rate of $111.16, taking the stock ownership to the 11,072 shares. Before that another transaction happened on Jul 31 ’24, when Company’s EVP & Chief Risk Officer sold 13,185 for $110.94, making the entire transaction worth $1,462,780. This insider now owns 25,071 shares in total.
Hartford Financial Services Group Inc. (HIG) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 3.06 earnings per share (EPS) for the period topping the consensus outlook (set at 2.44) by 0.62. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.81 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.01% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.07% 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
Hartford Financial Services Group Inc. (HIG) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.25. Likewise, its price to free cash flow for the trailing twelve months is 6.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.98, a number that is poised to hit 2.64 in the next quarter and is forecasted to reach 11.59 in one year’s time.
Technical Analysis of Hartford Financial Services Group Inc. (HIG)
Hartford Financial Services Group Inc. (NYSE: HIG) saw its 5-day average volume 1.58 million, a negative change from its year-to-date volume of 1.6 million. As of the previous 9 days, the stock’s Stochastic %D was 37.09%. Additionally, its Average True Range was 2.41.
During the past 100 days, Hartford Financial Services Group Inc.’s (HIG) raw stochastic average was set at 56.24%, which indicates a significant increase from 8.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.85% in the past 14 days, which was higher than the 22.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $116.19, while its 200-day Moving Average is $103.01. Nevertheless, the first resistance level for the watch stands at $114.17 in the near term. At $116.08, the stock is likely to face the second major resistance level. The third major resistance level sits at $117.53. If the price goes on to break the first support level at $110.82, it is likely to go to the next support level at $109.37. The third support level lies at $107.46 if the price breaches the second support level.
Hartford Financial Services Group Inc. (NYSE: HIG) Key Stats
Market capitalization of the company is 32.54 billion based on 295,755K outstanding shares. Right now, sales total 24,527 M and income totals 2,504 M. The company made 6,751 M in profit during its latest quarter, and 767,000 K in sales during its previous quarter.
