| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 5/6 |
HIG Stock Overview
The Hartford Financial Services Group, Inc.
Rewards
Risk Analysis
No risks detected for HIG from our risk checks.
Hartford Financial Services Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$70.98 |
| 52 Week High | US$78.17 |
| 52 Week Low | US$59.86 |
| Beta | 0.97 |
| 1 Month Change | -5.30% |
| 3 Month Change | -0.34% |
| 1 Year Change | 8.48% |
| 3 Year Change | 32.35% |
| 5 Year Change | 44.42% |
| Change since IPO | 185.35% |
Recent News & Updates
Here's Why I Think Hartford Financial Services Group (NYSE:HIG) Might Deserve Your Attention Today
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Hartford's Consistent Performance Not Quite In Step With The Hard Commercial P&C Market
Hartford beat Q4'21 expectations, but it was a lower-quality beat, with weaker core underwriting performance in both commercial and personal lines. The hard market in commercial P&C is helping Hartford, but not as much as its peers, given its greater exposure to smaller corporate clients and workers' comp. It will take time to fix the loss issues in the auto business, but Hartford's positioning is better than most because of the decisions it made during the pandemic. Long-term core earnings growth in excess of 4% should be able to drive a long-term total annualized return in the double digits, but near-term outperformance may be more challenging given the mix.
Shareholder Returns
| HIG | US Insurance | US Market | |
|---|---|---|---|
| 7D | 1.4% | -0.07% | 0.7% |
| 1Y | 8.5% | 0.6% | -10.8% |
Return vs Industry: HIG exceeded the US Insurance industry which returned 0.6% over the past year.
Return vs Market: HIG exceeded the US Market which returned -10.8% over the past year.
Price Volatility
| HIG volatility | |
|---|---|
| HIG Average Weekly Movement | 4.0% |
| Insurance Industry Average Movement | 5.1% |
| Market Average Movement | 7.8% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: HIG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HIG's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1810 | 18,100 | Chris Swift | https://www.thehartford.com |
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 workers’ compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages 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.
Hartford Financial Services Group Fundamentals Summary
| HIG fundamental statistics | |
|---|---|
| Market Cap | US$22.78b |
| Earnings (TTM) | US$2.54b |
| Revenue (TTM) | US$22.44b |
9.2x
P/E Ratio1.0x
P/S RatioIs HIG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HIG income statement (TTM) | |
|---|---|
| Revenue | US$22.44b |
| Cost of Revenue | US$14.20b |
| Gross Profit | US$8.24b |
| Other Expenses | US$5.70b |
| Earnings | US$2.54b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 7.72 |
| Gross Margin | 36.73% |
| Net Profit Margin | 11.32% |
| Debt/Equity Ratio | 31.3% |
How did HIG perform over the long term?
See historical performance and comparisonDividends
2.2%
Current Dividend Yield20%
Payout RatioValuation
Is Hartford Financial Services Group undervalued compared to its fair value and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HIG ($70.98) is trading below our estimate of fair value ($180.37)
Significantly Below Fair Value: HIG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HIG is good value based on its PE Ratio (9.2x) compared to the US Insurance industry average (11.2x).
PE vs Market: HIG is good value based on its PE Ratio (9.2x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: HIG is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: HIG is overvalued based on its PB Ratio (1.5x) compared to the US Insurance industry average (1x).
Future Growth
How is Hartford Financial Services Group forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
9.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HIG's forecast earnings growth (9.7% per year) is above the savings rate (1.9%).
Earnings vs Market: HIG's earnings (9.7% per year) are forecast to grow slower than the US market (12.5% per year).
High Growth Earnings: HIG's earnings are forecast to grow, but not significantly.
Revenue vs Market: HIG's revenue (3.4% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: HIG's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HIG's Return on Equity is forecast to be low in 3 years time (15.2%).
Past Performance
How has Hartford Financial Services Group performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
36.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HIG has high quality earnings.
Growing Profit Margin: HIG's current net profit margins (11.3%) are higher than last year (8.1%).
Past Earnings Growth Analysis
Earnings Trend: HIG's earnings have grown significantly by 36.3% per year over the past 5 years.
Accelerating Growth: HIG's earnings growth over the past year (50.1%) exceeds its 5-year average (36.3% per year).
Earnings vs Industry: HIG earnings growth over the past year (50.1%) exceeded the Insurance industry -2.6%.
Return on Equity
High ROE: HIG's Return on Equity (16.1%) is considered low.
Financial Health
How is Hartford Financial Services Group's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: HIG's short term assets ($16.0B) exceed its short term liabilities ($8.2B).
Long Term Liabilities: HIG's short term assets ($16.0B) do not cover its long term liabilities ($51.2B).
Debt to Equity History and Analysis
Debt Level: HIG's net debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: HIG's debt to equity ratio has reduced from 32% to 31.3% over the past 5 years.
Debt Coverage: HIG's debt is well covered by operating cash flow (75.6%).
Interest Coverage: HIG's interest payments on its debt are well covered by EBIT (16.9x coverage).
Balance Sheet
Dividend
What is Hartford Financial Services Group current dividend yield, its reliability and sustainability?
Dividend Score
5/6Dividend Score 5/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
2.17%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HIG's dividend (2.17%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: HIG's dividend (2.17%) is low compared to the top 25% of dividend payers in the US market (4.06%).
Stability and Growth of Payments
Stable Dividend: HIG's dividends per share have been stable in the past 10 years.
Growing Dividend: HIG's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (19.8%), HIG's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (14%), HIG's dividend payments are thoroughly covered by cash flows.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.1yrs
Average management tenure
CEO
Chris Swift (60 yo)
7.83yrs
Tenure
US$15,824,348
Compensation
Mr. Christopher Jerome Swift, also known as Chris, serves as the Director of Citizens Financial Group, Inc since February 1, 2021. He serves as Director of Citizens Bank, National Association. He has been...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD15.82M) is about average for companies of similar size in the US market ($USD13.27M).
Compensation vs Earnings: Chris's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: HIG's management team is seasoned and experienced (6.1 years average tenure).
Board Members
Experienced Board: HIG's board of directors are considered experienced (7.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
The Hartford Financial Services Group, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: The Hartford Financial Services Group, Inc.
- Ticker: HIG
- Exchange: NYSE
- Founded: 1810
- Industry: Multi-line Insurance
- Sector: Insurance
- Implied Market Cap: US$22.777b
- Shares outstanding: 328.86m
- Website: https://www.thehartford.com
Number of Employees
Location
- The Hartford Financial Services Group, Inc.
- One Hartford Plaza
- Hartford
- Connecticut
- 6155
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/17 00:00 |
| End of Day Share Price | 2022/05/17 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.