HIG - Hartford Financial Services Group Stock Price, Fair Value and News

99.70USD+0.36 (+0.36%)Delayed as of 08 May 2024, 02:59 pm ET

Market Summary

USD99.70+0.36

Delayedas of 08 May 2024, 02:59 pm

0.36%

HIG Alerts

Big jump in Earnings (Y/Y)

HIG Stock Price

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HIG RSI Chart

HIG Valuation

Market Cap

29.4B

Price/Earnings (Trailing)

10.79

Price/Sales (Trailing)

1.17

EV/EBITDA

8.25

Price/Free Cashflow

6.95

HIG Price/Sales (Trailing)

HIG Profitability

EBT Margin

13.36%

Return on Equity

17.6%

Return on Assets

3.5%

Free Cashflow Yield

14.4%

HIG Fundamentals

HIG Revenue

Revenue (TTM)

25.0B

Rev. Growth (Yr)

8.61%

Rev. Growth (Qtr)

0.3%

HIG Earnings

Earnings (TTM)

2.7B

Earnings Growth (Yr)

40.75%

Earnings Growth (Qtr)

-2.33%

Breaking Down HIG Revenue

52 Week Range

67.42100.25

(Low)(High)

Last 7 days

2.5%

Last 30 days

-3.8%

Last 90 days

10.6%

Trailing 12 Months

41.0%

How does HIG drawdown profile look like?

HIG Financial Health

Debt/Equity

0.28

Debt/Cashflow

1.02

HIG Investor Care

Dividend Yield

1.81%

Dividend/Share (TTM)

1.8

Buy Backs (1Y)

4.67%

Diluted EPS (TTM)

8.8

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	25.0B	0	0	0
2023	22.9B	23.6B	24.1B	24.5B
2022	22.5B	22.3B	22.2B	22.4B
2021	20.9B	21.4B	21.9B	22.4B
2020	20.8B	20.7B	20.6B	20.5B
2019	19.2B	19.5B	20.0B	20.7B
2018	17.7B	18.3B	18.9B	19.0B
2017	16.3B	16.5B	16.6B	17.2B
2016	17.7B	17.1B	16.6B	16.1B
2015	18.6B	18.7B	18.5B	18.4B
2014	19.0B	18.9B	18.8B	18.6B
2013	24.9B	25.1B	23.6B	20.7B
2012	23.0B	22.2B	24.0B	26.1B
2011	22.0B	24.1B	22.1B	21.7B
2010	25.6B	21.2B	22.6B	22.1B
2009	12.4B	15.6B	18.8B	24.7B
2008	0	20.4B	14.8B	9.2B
2007	0	0	0	25.9B

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Tracking the Latest Insider Buys and Sells of Hartford Financial Services Group

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 13, 2024	fisher michael r	sold	-2,670,700	98.9003	-27,004	evp
Mar 13, 2024	fisher michael r	acquired	1,917,430	53.5162	35,829	evp
Mar 04, 2024	niderno allison g	sold	-143,333	94.5499	-1,515	svp & controller
Mar 01, 2024	fisher michael r	sold	-388,605	95.06	-4,088	evp
Feb 29, 2024	tooker adin m	sold	-784,494	95.6	-8,206	evp
Feb 27, 2024	costello beth ann	sold	-3,713,230	95.4189	-38,915	evp and cfo
Feb 27, 2024	costello beth ann	acquired	1,605,240	41.25	38,915	evp and cfo
Feb 27, 2024	costello beth ann	gifted	-	-	-10,000	evp and cfo
Feb 27, 2024	niderno allison g	acquired	65,000	95.74	678	svp & controller
Feb 27, 2024	swift christopher	gifted	-	-	-20,968	chairman and ceo

Which funds bought or sold HIG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	LSV ASSET MANAGEMENT	reduced	-0.75	105,575,000	493,158,000	1.02%
May 06, 2024	Wealthspire Advisors, LLC	reduced	-7.23	40,819	256,426	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	added	74.68	26,040,000	47,049,000	0.30%
May 06, 2024	Advisory Services Network, LLC	added	18.08	465,120	1,370,390	0.03%
May 06, 2024	Jefferies Financial Group Inc.	new	-	11,879,000	11,879,000	0.08%
May 06, 2024	VitalStone Financial, LLC	new	-	350,000	350,000	0.27%
May 06, 2024	Hilltop National Bank	new	-	100,474	100,474	0.03%
May 06, 2024	Metis Global Partners, LLC	added	21.83	790,696	2,197,750	0.08%
May 06, 2024	Advisors Capital Management, LLC	added	7.89	119,000	430,000	0.01%
May 06, 2024	LEUTHOLD GROUP, LLC	new	-	3,112,110	3,112,110	0.35%

Are Funds Buying or Selling HIG?

Are funds buying HIG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HIG

No. of Funds

HIG Alerts

Big jump in Earnings (Y/Y)

Unveiling Hartford Financial Services Group's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	price t rowe associates inc /md/	6.2%	18,658,548	SC 13G/A
Feb 13, 2024	vanguard group inc	12.89%	38,754,269	SC 13G/A
Jan 30, 2024	state street corp	5.56%	16,712,364	SC 13G/A
Jan 25, 2024	blackrock inc.	8.4%	25,309,868	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	7.8%	24,771,975	SC 13G/A
Feb 10, 2023	state street corp	5.66%	18,016,967	SC 13G/A
Feb 09, 2023	vanguard group inc	12.43%	39,535,660	SC 13G/A
Feb 07, 2023	blackrock inc.	7.7%	24,543,083	SC 13G/A
Dec 06, 2022	jpmorgan chase & co	4.5%	14,552,565	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	6.3%	21,702,336	SC 13G

Recent SEC filings of Hartford Financial Services Group

View All Filings

Date Filed	Form Type	Document
Apr 30, 2024	424B5	Prospectus Filed
Apr 30, 2024	8-K	Current Report
Apr 25, 2024	10-Q	Quarterly Report
Apr 25, 2024	8-K	Current Report
Apr 05, 2024	ARS	ARS
Apr 05, 2024	DEF 14A	DEF 14A
Apr 05, 2024	DEFA14A	DEFA14A
Mar 26, 2024	PRE 14A	PRE 14A
Mar 15, 2024	4	Insider Trading
Mar 13, 2024	144	Notice of Insider Sale Intent

Hartford Financial Services Group News

Latest updates

Hartford Financial Services Group Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.3%	6,419	6,400	6,168	6,049	5,910	6,016	5,580	5,373	5,393	5,816	5,686	5,589	5,299	5,328	5,171	5,068	4,956	5,361	5,347	5,092	4,940
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,176	1,224	1,167	1,141	1,048
S&GA Expenses	5.7%	1,283	1,214	1,226	1,225	1,216	1,200	1,206	1,225	1,210	1,245	1,200	1,202	1,144	1,086	1,093	1,125	1,176	1,224	1,167	1,141	-
EBITDA Margin	4.6%	0.16*	0.15*	0.15*	0.14*	0.14*	0.14*	0.15*	0.16*	0.18*	0.17*	0.16*	0.16*	-	-	-	-	-	-	-	-	-
Interest Expenses	2.0%	50.00	49.00	50.00	50.00	50.00	50.00	50.00	51.00	62.00	62.00	58.00	57.00	57.00	57.00	58.00	57.00	64.00	65.00	67.00	63.00	64.00
Income Taxes	-11.7%	158	179	162	125	118	143	92.00	110	98.00	174	101	205	54.00	115	73.00	124	71.00	128	118	84.00	145
Earnings Before Taxes	-4.1%	911	950	813	672	653	735	432	554	541	909	583	1,110	303	652	532	592	344	676	653	456	775
EBT Margin	6.2%	0.13*	0.13*	0.12*	0.11*	0.10*	0.10*	0.11*	0.12*	0.14*	0.13*	0.12*	0.12*	-	-	-	-	-	-	-	-	-
Net Income	-2.3%	753	771	651	547	535	592	340	444	443	735	482	905	249	537	459	468	273	548	535	372	630
Net Income Margin	6.5%	0.11*	0.10*	0.10*	0.09*	0.08*	0.08*	0.09*	0.09*	0.11*	0.11*	0.10*	0.10*	-	-	-	-	-	-	-	-	-
Free Cashflow	-33.0%	1,047	1,563	1,719	-99.00	822	1,031	1,476	928	398	1,163	1,247	814	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.2%	77,710	76,780	74,516	73,895	74,249	73,008	71,801	72,402	75,252	76,578	76,290	74,732	74,201	74,111	72,319	70,990	68,724	70,817	70,256	69,472	63,324
Cash Equivalents	70.4%	322	189	181	222	218	344	285	348	306	337	397	308	280	239	270	372	301	262	290	283	104
Net PPE	-1.9%	879	896	894	884	904	927	941	970	995	1,027	1,047	1,067	1,092	1,122	1,144	1,135	1,161	1,181	1,194	1,222	1,145
Goodwill	0%	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	621	1,913	1,913	1,913	1,913	1,290
Liabilities	1.3%	62,242	61,453	60,837	59,743	59,909	59,332	58,846	58,176	59,355	58,735	58,428	56,488	56,499	55,555	54,517	53,918	53,458	54,547	54,178	54,180	48,984
Short Term Borrowings	-	-	-	-	-	-	-	-	-	591	-	-	-	-	-	-	-	-	500	500	500	499
Long Term Debt	0.0%	4,363	4,362	4,361	4,360	4,358	4,357	4,356	4,355	4,354	4,944	4,943	4,354	4,353	4,352	4,351	4,350	4,349	4,348	4,346	4,050	3,767
Shareholder's Equity	0.9%	15,468	15,327	13,679	14,152	14,340	13,676	12,999	14,245	15,890	17,805	17,862	18,244	264	18,491	17,802	13,167	15,266	16,270	16,078	34.00	14,340
Retained Earnings	3.2%	19,614	19,007	18,382	17,865	17,454	17,058	16,598	16,388	16,077	15,770	15,169	14,813	14,036	13,918	13,503	13,167	12,819	12,685	12,251	11,836	11,572
Additional Paid-In Capital	-15.0%	551	648	1,869	1,864	1,847	1,895	3,277	3,264	3,249	3,309	4,339	4,330	4,310	4,322	4,310	4,299	4,286	4,312	4,302	4,300	4,329
Shares Outstanding	-	298	-	-	-	314	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	22,000	-	-	-	21,000	-	-	-	22,000	-	-	-	14,000	-	-	-	20,000	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-32.6%	1,097	1,627	1,771	-49.00	871	1,084	1,521	974	429	1,204	1,292	838	759	1,216	1,388	969	298	1,043	1,442	725	279
Cashflow From Investing	62.7%	-435	-1,165	-1,319	499	-446	-572	-1,092	261	126	-718	-1,169	-129	-450	-1,059	-1,222	-562	777	-828	-1,350	-99.00	129
Cashflow From Financing	-16.5%	-529	-454	-489	-459	-545	-457	-480	-1,187	-586	-618	-30.00	-667	-266	-199	-252	-300	-1,027	-248	-88.00	-427	-428
Dividend Payments	9.3%	141	129	131	134	134	123	126	127	130	120	123	126	116	116	117	116	108	106	111	107	109
Buy Backs	0%	350	350	350	350	350	350	350	450	400	500	511	568	123	-	-	-	150	110	63.00	27.00	-

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HIG Income Statement

2024-03-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Earned premiums	$ 5,446	$ 5,063
Fee income	333	319
Net investment income	593	515
Net realized gains (losses)	28	(7)
Other revenues	19	20
Total revenues	6,419	5,910
Benefits, losses and expenses
Benefits, losses and loss adjustment expenses	3,611	3,482
Amortization of deferred policy acquisition costs ("DAC")	545	491
Insurance operating costs and other expense	1,283	1,216
Interest expense	50	50
Amortization of other intangible assets	18	18
Restructuring and other costs	1	0
Total benefits, losses and expenses	5,508	5,257
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	911	653
Income tax expense	158	118
Net income	753	535
Less: Preferred stock dividends	5	5
Net income available to common stockholders	$ 748	$ 530
EPS
Basic	$ 2.51	$ 1.69
Diluted	$ 2.47	$ 1.66

HIG Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Investments:
Fixed maturities, AFS, at fair value (amortized cost of $42,946 and $41,726, and ACL of $18 and $21)	$ 40,840	$ 39,818
Fixed maturities, at fair value using the fair value option ("FVO Securities")	292	327
Equity securities, at fair value [1]	736	864
Mortgage loans (net of ACL of $48 and $51)	6,197	6,087
Limited partnerships and other alternative investments	4,866	4,785
Other investments	201	191
Short-term investments	2,975	3,850
Total investments	56,107	55,922
Cash	274	126
Restricted cash	48	63
Accrued Investment Income Receivable	415	404
Premiums receivable and agents' balances (net of ACL of $111 and $109)	5,988	5,607
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $101 and $103)	7,094	7,104
Deferred policy acquisition costs	1,169	1,113
Deferred income taxes, net	1,182	1,173
Goodwill	1,911	1,911
Property and equipment, net	879	896
Other intangible assets, net	690	707
Other assets	1,953	1,754
Total assets	77,710	76,780
Liabilities
Unpaid losses and loss adjustment expenses	42,771	42,318
Other policyholder funds and benefits payable	633	638
Unearned premiums	9,020	8,599
Long-term debt	4,363	4,362
Other liabilities	4,976	5,052
Total liabilities	62,242	61,453
Stockholders' Equity
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at March 31, 2024 and December 31, 2023, aggregate liquidation preference of $345	$ 334	$ 334
Common Stock, Shares, Issued	326,960,228	326,960,228
Common Stock, Value, Issued	$ 3	$ 3
Additional paid-in capital	551	648
Retained earnings	19,614	19,007
Treasury Stock, Value	(2,037)	(1,816)
Accumulated other comprehensive income (loss) ("AOCI"), net of tax	(2,997)	(2,849)
Total stockholders’ equity	15,468	15,327
Total liabilities and stockholders’ equity	$ 77,710	$ 76,780

About Hartford Financial Services Group

The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company's Personal Lines segment provides automobile, homeowners, and personal umbrella coverages through direct-to-consumer channel and independent agents. Its Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. The company's Group Benefits segment provides group life, disability, and other group coverages to members of employer groups, associations, and affinity groups through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; and a single-company leave management solution. This segment distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Its Hartford Funds segment offers managed mutual funds across various asset classes; and exchange-traded products through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust groups, and registered investment advisers, as well as investment management, distribution, and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.

CEO	Mr. Christopher Jerome Swift CPA
WEBSITE	thehartford.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	18800

Hartford Financial Services Group Frequently Asked Questions

What is the ticker symbol for Hartford Financial Services Group? What does HIG stand for in stocks?

HIG is the stock ticker symbol of Hartford Financial Services Group. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Hartford Financial Services Group (HIG)?

As of Tue May 07 2024, market cap of Hartford Financial Services Group is 29.38 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HIG stock?

You can check HIG's fair value in chart for subscribers.

What is the fair value of HIG stock?

You can check HIG's fair value in chart for subscribers. The fair value of Hartford Financial Services Group is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Hartford Financial Services Group is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HIG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Hartford Financial Services Group a good stock to buy?

The fair value guage provides a quick view whether HIG is over valued or under valued. Whether Hartford Financial Services Group is cheap or expensive depends on the assumptions which impact Hartford Financial Services Group's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HIG.

What is Hartford Financial Services Group's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, HIG's PE ratio (Price to Earnings) is 10.79 and Price to Sales (PS) ratio is 1.17. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HIG PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Hartford Financial Services Group's stock?

In the past 10 years, Hartford Financial Services Group has provided 0.129 (multiply by 100 for percentage) rate of return.