Last Updated: 17 Oct 2024
Executive Summary
Hartford Financial Services Group (HIG) is a leading investment and insurance company with a strong financial performance and a solid track record. The company has a market capitalization of $34.7 billion and a trailing price-to-earnings (PE) ratio of 12.48. Analysts are generally bullish on the stock, with a consensus target price of $121.92.
Company Overview
Hartford Financial Services Group, Inc. is a United States-based investment and insurance company. The company offers a range of products and services, including property and casualty insurance, life insurance, and annuities. Hartford Financial Services Group is headquartered in Hartford, Connecticut.
Fundamental Analysis
Hartford Financial Services Group has a strong financial performance. The company has consistently reported positive earnings per share (EPS) and revenue growth. In the most recent quarter, the company reported EPS of $9.50, up 41% year-over-year. Revenue also increased by 7.2% to $25.5 billion.
The company's profitability metrics are also strong. Hartford Financial Services Group has a gross profit margin of 29% and an operating margin of 14.9%. The company's return on assets (ROA) and return on equity (ROE) are also healthy, at 3.11% and 19.5%, respectively.
Hartford Financial Services Group has a strong balance sheet. The company has a debt-to-equity ratio of 0.35 and a current ratio of 1.25. The company also has a large cash position of $12.5 billion.
Technical Analysis
The technical analysis of Hartford Financial Services Group's stock price shows that the stock is in a bullish trend. The stock price has been trading above its 50-day and 200-day moving averages for the past several months. The stock price is also trading near its 52-week high.
The relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes. The RSI is currently at 65, which indicates that the stock is overbought. However, the RSI is not yet in overbought territory, so the stock could still continue to rise.
Short Term Outlook
The short-term outlook for Hartford Financial Services Group's stock is positive. The stock price is in a bullish trend and the technical indicators are supportive of further gains. The company's strong financial performance is also a positive factor.
Long Term Outlook
The long-term outlook for Hartford Financial Services Group's stock is also positive. The company has a strong competitive position in the insurance industry and is well-positioned to benefit from the aging population. The company's strong financial performance and solid track record also make it a good long-term investment.
Analyst Recommendations
Analysts are generally bullish on Hartford Financial Services Group's stock. The consensus target price is $121.92, which represents a potential upside of 1.9% from the current price. Three analysts have a strong buy rating on the stock, eight have a buy rating, and 11 have a hold rating. No analysts have a sell or strong sell rating on the stock.
