Hartford Financial Services Group (NYSE:HIG) - Share price, News & Analysis

HIG fundamental analysis
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

Trading at 61.3% below our estimate of its fair value

Earnings are forecast to grow 9.74% per year

Earnings grew by 50.1% over the past year

Pays a reliable dividend of 2.2%

Risk Analysis

No risks detected for HIG from our risk checks.

Hartford Financial Services Group Competitors

Assurant

NYSE:AIZ

US$9.8b

American National Group

NasdaqGS:ANAT

US$5.1b

JPMorgan Chase

NYSE:JPM

US$373.7b

Wells Fargo

NYSE:WFC

US$167.2b

Price History & Performance

Summary of all time highs, changes and price drops for Hartford Financial Services Group
Historical stock prices
Current Share Price	US$69.85
52 Week High	US$78.17
52 Week Low	US$59.86
Beta	0.97
1 Month Change	-2.17%
3 Month Change	3.51%
1 Year Change	7.56%
3 Year Change	31.32%
5 Year Change	41.43%
Change since IPO	180.80%

Recent News & Updates

Apr 06

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...

Shareholder Returns

	HIG	US Insurance	US Market
7D	1.6%	0.4%	1.0%
1Y	7.6%	2.4%	-15.1%

Return vs Industry: HIG exceeded the US Insurance industry which returned 2.5% over the past year.

Return vs Market: HIG exceeded the US Market which returned -13.2% over the past year.

Price Volatility

Is HIG's price volatile compared to industry and market?
HIG volatility
HIG Average Weekly Movement	3.9%
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

How do Hartford Financial Services Group's earnings and revenue compare to its market cap?
HIG fundamental statistics
Market Cap	US$22.97b
Earnings (TTM)	US$2.54b
Revenue (TTM)	US$22.44b

9.0x

P/E Ratio

1.0x

P/S Ratio

Is HIG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
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 comparison

Dividends

2.2%

Current Dividend Yield

20%

Payout Ratio

Does HIG pay a reliable dividends?

See HIG dividend history and benchmarks

When do you need to buy HIG by to receive an upcoming dividend?
Hartford Financial Services Group dividend dates
Ex Dividend Date	May 31 2022
Dividend Pay Date	Jul 05 2022
Days until Ex dividend	5 days
Days until Dividend pay date	40 days

Does HIG pay a reliable dividends?

See HIG dividend history and benchmarks

Valuation

Is Hartford Financial Services Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation 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 ($69.85) is trading below our estimate of fair value ($180.51)

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 Price-To-Earnings Ratio (9x) compared to the US Insurance industry average (11.1x).

PE vs Market: HIG is good value based on its Price-To-Earnings Ratio (9x) compared to the US market (14.9x).

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 Price-To-Book 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 14 analysts?

Future Growth Score

1/6

Future 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 (12.1% 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 (7.7% 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 (15.1%).

Past Performance

How has Hartford Financial Services Group performed over the past 5 years?

Past Performance Score

5/6

Past 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

5/6

Financial 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

5/6

Dividend Score 5/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.20%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: HIG's dividend (2.2%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: HIG's dividend (2.2%) 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.

Discover strong dividend paying companies

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 ($USD15.82M) is about average for companies of similar size in the US market ($USD13.26M).

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 (5.8 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31