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Building up an investment case requires looking at a stock holistically. Today I’ve chosen to put the spotlight on The Hartford Financial Services Group, Inc. (NYSE:HIG) due to its excellent fundamentals in more than one area. HIG is a well-regarded dividend payer that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. If you’re interested in understanding beyond my broad commentary, read the full report on Hartford Financial Services Group here.
Established dividend payer with adequate balance sheet
HIG is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This suggests prudent control over cash and cost by management, which is an important determinant of the company’s health. HIG seems to have put its debt to good use, generating operating cash levels of 0.54x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows.
Income investors would also be happy to know that HIG is a great dividend company, with a current yield standing at 2.5%. HIG has also been regularly increasing its dividend payments to shareholders over the past decade.
For Hartford Financial Services Group, I’ve put together three pertinent aspects you should further examine:
- Future Outlook: What are well-informed industry analysts predicting for HIG’s future growth? Take a look at our free research report of analyst consensus for HIG’s outlook.
- Historical Performance: What has HIG’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of HIG? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.