Hartford Financial Services Group
Market Cap
US$17.9b
Last Updated
2021/01/27 23:25 UTC
Data Sources
Company Financials +
Executive Summary
The Hartford Financial Services Group, Inc. More Details
Rewards
Risk Analysis
No risks detected for HIG from our risk checks.
Snowflake Analysis
Undervalued with excellent balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Hartford Financial Services Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HIG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: HIG's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-8.5%
HIG
-5.6%
US Insurance
-2.7%
US Market
1 Year Return
-18.0%
HIG
-8.1%
US Insurance
21.2%
US Market
Return vs Industry: HIG underperformed the US Insurance industry which returned -5.2% over the past year.
Return vs Market: HIG underperformed the US Market which returned 24.3% over the past year.
Shareholder returns
| HIG | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.5% | -5.6% | -2.7% |
| 30 Day | -0.4% | -1.9% | 1.8% |
| 90 Day | 24.1% | 14.2% | 16.4% |
| 1 Year | -15.5%-18.0% | -5.4%-8.1% | 23.9%21.2% |
| 3 Year | -12.1%-18.3% | 7.5%-0.6% | 43.7%34.2% |
| 5 Year | 37.8%23.3% | 66.0%45.1% | 124.3%99.2% |
Long-Term Price Volatility Vs. Market
How volatile is Hartford Financial Services Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Can You Imagine How Hartford Financial Services Group's (NYSE:HIG) Shareholders Feel About The 36% Share Price Increase?3 weeks ago | Simply Wall St
What We Learned About Hartford Financial Services Group's (NYSE:HIG) CEO Pay1 month ago | Simply Wall St
What Makes The Hartford Financial Services Group, Inc. (NYSE:HIG) A Great Dividend Stock?Valuation
Is Hartford Financial Services Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HIG ($48.01) is trading below our estimate of fair value ($111.91)
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 (10x) compared to the US Insurance industry average (14.4x).
PE vs Market: HIG is good value based on its PE Ratio (10x) compared to the US market (21.2x).
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's PB Ratio (1x) is in line with the US Insurance industry average.
Next Steps
Future Growth
How is Hartford Financial Services Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
11.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HIG's forecast earnings growth (11.3% per year) is above the savings rate (2%).
Earnings vs Market: HIG's earnings (11.3% per year) are forecast to grow slower than the US market (21.3% per year).
High Growth Earnings: HIG's earnings are forecast to grow, but not significantly.
Revenue vs Market: HIG's revenue (2.5% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: HIG's revenue (2.5% 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 (11.5%).
Next Steps
Past Performance
How has Hartford Financial Services Group performed over the past 5 years?
14.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HIG has high quality earnings.
Growing Profit Margin: HIG's current net profit margins (8.4%) are lower than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: HIG's earnings have grown by 14% per year over the past 5 years.
Accelerating Growth: HIG's earnings growth over the past year (0.7%) is below its 5-year average (14% per year).
Earnings vs Industry: HIG earnings growth over the past year (0.7%) underperformed the Insurance industry 5.9%.
Return on Equity
High ROE: HIG's Return on Equity (9.8%) is considered low.
Next Steps
Financial Health
How is Hartford Financial Services Group's financial position?
Financial Position Analysis
Short Term Liabilities: HIG's short term assets ($14.3B) exceed its short term liabilities ($7.0B).
Long Term Liabilities: HIG's short term assets ($14.3B) do not cover its long term liabilities ($47.5B).
Debt to Equity History and Analysis
Debt Level: HIG's debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: HIG's debt to equity ratio has reduced from 32.1% to 23.8% over the past 5 years.
Debt Coverage: HIG's debt is well covered by operating cash flow (87.4%).
Interest Coverage: HIG's interest payments on its debt are well covered by EBIT (11.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Hartford Financial Services Group current dividend yield, its reliability and sustainability?
2.71%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HIG's dividend (2.71%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: HIG's dividend (2.71%) is low compared to the top 25% of dividend payers in the US market (3.87%).
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.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.5%), HIG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HIG's dividends in 3 years are forecast to be well covered by earnings (24.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.6yrs
Average management tenure
CEO
Chris Swift (59 yo)
6.5yrs
Tenure
US$14,560,748
Compensation
Mr. Christopher Jerome Swift also known as Chris serves as the Chairman and Chief Executive Officer of The Hartford Financial Services Group, Inc. ("The Hartford"). He joined The Hartford in March 2010 and...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD14.56M) is above average for companies of similar size in the US market ($USD10.56M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.5yrs | US$14.56m | 0.084% $ 15.0m | |
| President | 6.5yrs | US$9.33m | 0.053% $ 9.4m | |
| Executive VP & CFO | 6.5yrs | US$4.57m | 0.015% $ 2.7m | |
| Executive Vice President | 6.5yrs | US$3.52m | 0.019% $ 3.4m | |
| Chief Investment Officer | 0.42yr | no data | 0.0018% $ 327.3k | |
| Chief Information Officer | 1.33yrs | no data | no data | |
| Senior Investor Relations Officer | no data | no data | no data | |
| Chief Ethics & Compliance Officer | 7.5yrs | no data | no data | |
| Executive VP & General Counsel | 5.58yrs | no data | 0.0074% $ 1.3m | |
| Chief Marketing & Communications Officer | 5.58yrs | no data | 0.0099% $ 1.8m | |
| Head of Sales & Distribution | 4.75yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 1.25yrs | no data | 0.00067% $ 119.8k |
5.6yrs
Average Tenure
56yo
Average Age
Experienced Management: HIG's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.5yrs | US$14.56m | 0.084% $ 15.0m | |
| Independent Director | 17yrs | US$283.03k | 0.017% $ 3.1m | |
| Independent Director | 3.08yrs | US$262.08k | 0.0020% $ 364.8k | |
| Independent Director | 2.92yrs | US$261.35k | 0.0011% $ 191.4k | |
| Lead Independent Director | 4yrs | US$301.07k | 0.023% $ 4.0m | |
| Independent Director | 0.92yr | no data | 0.00020% $ 35.8k | |
| Independent Director | 10.25yrs | US$290.00k | 0.015% $ 2.6m | |
| Independent Director | 7.67yrs | US$286.07k | 0.0052% $ 922.8k | |
| Independent Director | 0.92yr | no data | no data | |
| Independent Director | 12.33yrs | US$288.03k | 0.0043% $ 776.2k | |
| Independent Director | 5.75yrs | US$261.35k | 0.0052% $ 935.3k |
5.8yrs
Average Tenure
61yo
Average Age
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.
Top Shareholders
Company Information
The Hartford Financial Services Group, Inc.'s company bio, 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
- Market Cap: US$17.884b
- Shares outstanding: 358.33m
- Website: https://www.thehartford.com
Number of Employees
Location
- The Hartford Financial Services Group, Inc.
- One Hartford Plaza
- Hartford
- Connecticut
- 6155
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HIG | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Dec 1995 |
| HFF | BST (Boerse-Stuttgart) | Yes | Common Stock | DE | EUR | Dec 1995 |
| HFF | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 1995 |
| 0J3H | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Dec 1995 |
| HIG.PRG | NYSE (New York Stock Exchange) | 6.0 DPSHS PFD G | US | USD | Oct 2018 | |
| H1IG34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REPR 1 COM | BR | BRL | Jan 2020 |
Biography
The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States and internationally. Its Commercial Lines segment offers work...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/27 23:25 |
| End of Day Share Price | 2021/01/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.