Hartford Financial Services Group
Market Cap
US$21.3b
Last Updated
2020/02/16 23:44 UTC
Data Sources
Company Financials +
Executive Summary
The Hartford Financial Services Group, Inc., through its subsidiaries, provides insurance and financial services to individual and business customers in the United States.
Rewards
Risk Analysis
No risks detected for HIG from our risk checks.
Snowflake Analysis
Established dividend payer and good value.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.2%
HIG
0.9%
US Insurance
1.5%
US Market
1 Year Return
21.3%
HIG
19.2%
US Insurance
20.1%
US Market
Return vs Industry: HIG exceeded the US Insurance industry which returned 19.2% over the past year.
Return vs Market: HIG exceeded the US Market which returned 20.1% over the past year.
Shareholder returns
| HIG | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | 0.9% | 1.5% |
| 30 Day | -3.5% | 3.3% | 1.4% |
| 90 Day | -4.7% | 6.8% | 8.7% |
| 1 Year | 23.9%21.3% | 22.1%19.2% | 22.7%20.1% |
| 3 Year | 30.0%22.2% | 37.3%26.8% | 50.1%40.5% |
| 5 Year | 57.4%42.5% | 73.7%52.9% | 73.1%54.1% |
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
The Hartford Financial Services Group, Inc.'s (NYSE:HIG) Earnings Grew 40%, Did It Beat Long-Term Trend?3 weeks ago | Simply Wall St
Does The Hartford Financial Services Group, Inc.'s (NYSE:HIG) CEO Salary Compare Well With Others?1 month ago | Simply Wall St
Should You Be Adding Hartford Financial Services Group (NYSE:HIG) To Your Watchlist Today?Valuation
Is Hartford Financial Services Group undervalued compared to its fair value and its price relative to the market?
46.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HIG ($59.1) is trading below our estimate of fair value ($111.05)
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 (10.3x) compared to the Insurance industry average (14x).
PE vs Market: HIG is good value based on its PE Ratio (10.3x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: HIG is poor value based on its PEG Ratio (14.4x)
Price to Book Ratio
PB vs Industry: HIG is overvalued based on its PB Ratio (1.3x) compared to the US Insurance industry average (1.1x).
Next Steps
Future Growth
How is Hartford Financial Services Group forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
0.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HIG's forecast earnings growth (0.7% per year) is below the savings rate (1.7%).
Earnings vs Market: HIG's earnings (0.7% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: HIG's earnings are forecast to grow, but not significantly.
Revenue vs Market: HIG's revenue (3.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: HIG's revenue (3.3% 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 (12%).
Next Steps
Past Performance
How has Hartford Financial Services Group performed over the past 5 years?
-0.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HIG has high quality earnings.
Growing Profit Margin: HIG's current net profit margins (10%) are higher than last year (7.8%).
Past Earnings Growth Analysis
Earnings Trend: HIG's earnings have declined by -0.9% per year over the past 5 years.
Accelerating Growth: HIG's earnings growth over the past year (39.6%) exceeds its 5-year average (-0.9% per year).
Earnings vs Industry: HIG earnings growth over the past year (39.6%) exceeded the Insurance industry 22%.
Return on Equity
High ROE: HIG's Return on Equity (12.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Hartford Financial Services Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: HIG has a low level of unsold assets or inventory.
Debt Coverage by Assets: HIG's debt is covered by short term assets (assets are 2.8x debt).
Financial Institutions Analysis
Asset Level: HIG's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if HIG has a sufficient allowance for bad loans.
Low Risk Liabilities: HIG reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if HIG has an acceptable proportion of non-loan assets held.
Low Risk Deposits: HIG has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if HIG has an appropriate level of bad loans.
Next Steps
Dividend
What is Hartford Financial Services Group's current dividend yield, its reliability and sustainability?
2.20%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Hartford Financial Services Group before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HIG's dividend (2.2%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: HIG's dividend (2.2%) is low compared to the top 25% of dividend payers in the US market (3.69%).
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 low payout ratio (21%), 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 (24.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.5yrs
Average management tenure
CEO
Chris Swift (58yo)
5.6yrs
Tenure
US$13,883,615
Compensation
Christopher Jerome Swift is Chairman and Chief Executive Officer of The Hartford Financial Services Group, Inc. ("The Hartford"). He joined The Hartford in March 2010 and served as Executive Vice Presi ...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD13.88M) is about average for companies of similar size in the US market ($USD10.81M).
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 | 5.6yrs | US$13.88m | 0.066% $14.0m | |
| President | 5.6yrs | US$9.00m | 0.042% $9.0m | |
| Executive VP & CFO | 5.6yrs | US$4.43m | 0.011% $2.4m | |
| Head of Operations | 5.5yrs | US$3.25m | 0.0073% $1.5m | |
| Executive VP & Chief Investment Officer | 7.8yrs | US$4.43m | 0.0066% $1.4m | |
| Chief Information Officer | 0.4yrs | no data | no data | |
| Chief Ethics & Compliance Officer | 6.6yrs | no data | no data | |
| Executive VP & General Counsel | 4.7yrs | no data | 0.0048% $1.0m | |
| Chief Marketing & Communications Officer | 4.7yrs | no data | 0.0088% $1.9m | |
| Head of Sales & Distribution | 3.8yrs | no data | no data |
5.5yrs
Average Tenure
58yo
Average Age
Experienced Management: HIG's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 5.6yrs | US$13.88m | 0.066% $14.0m | |
| Independent Director | 16.1yrs | US$277.75k | 0.017% $3.5m | |
| Independent Director | 2.2yrs | US$328.50k | 0.0012% $261.4k | |
| Independent Director | 2yrs | US$325.95k | 0.0011% $227.4k | |
| Lead Director | 3.1yrs | US$295.79k | 0.017% $3.6m | |
| Independent Director | 6.1yrs | US$285.79k | 0.0052% $1.1m | |
| Independent Director | 9.3yrs | US$260.90k | 0.013% $2.8m | |
| Independent Director | 6.8yrs | US$285.79k | 0.0043% $922.4k | |
| Independent Director | 11.4yrs | US$287.75k | 0.0035% $750.2k | |
| Independent Director | 4.8yrs | US$261.07k | 0.0044% $937.2k |
5.6yrs
Average Tenure
59.5yo
Average Age
Experienced Board: HIG's board of directors are considered experienced (5.6 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$21.252b
- Shares outstanding: 359.60m
- 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., through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. Its Commercial Lines segment offers workers’ compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages. This segment provides its products and services through regional offices, branches, sales and policyholder service centers, independent agents, brokers, and wholesalers. The company's Personal Lines segment offers automobile, homeowners, and personal umbrella coverages through direct-to-consumer channel and independent agents. Its Property & Casualty Other Operations segment provides coverage for asbestos and environmental exposures. The company's Group Benefits segment offers group life, and accident and disability coverages, as well as other group coverages to members of employer and affinity groups, and associations through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; and a single-company leave management solution. This segment distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Its Hartford Funds segment provides investment products for retail and retirement accounts; exchange-traded products through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust groups, and registered investment advisers; and investment-management and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:44 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| 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.