The Hartford Financial Services Group, Inc.
Undervalued established dividend payer.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HIG underperformed the US Insurance industry which returned -18.1% over the past year.
Return vs Market: HIG underperformed the US Market which returned -10.7% over the past year.
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 day ago | Simply Wall StA Sliding Share Price Has Us Looking At The Hartford Financial Services Group, Inc.'s (NYSE:HIG) P/E Ratio
2 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At The Hartford Financial Services Group, Inc.'s (NYSE:HIG) P/E Ratio
Is Hartford Financial Services Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HIG ($35.24) is trading below our estimate of fair value ($105.17)
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 (6.2x) compared to the Insurance industry average (9.2x).
PE vs Market: HIG is good value based on its PE Ratio (6.2x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: HIG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: HIG is good value based on its PB Ratio (0.8x) compared to the US Insurance industry average (0.9x).
How is Hartford Financial Services Group forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HIG's earnings are forecast to decline over the next 3 years (-0.3% per year).
Earnings vs Market: HIG's earnings are forecast to decline over the next 3 years (-0.3% per year).
High Growth Earnings: HIG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HIG's revenue (3.2% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: HIG's revenue (3.2% 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 (11.8%).
How has Hartford Financial Services Group performed over the past 5 years?
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%) underperformed the Insurance industry 43.7%.
Return on Equity
High ROE: HIG's Return on Equity (12.8%) is considered low.
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
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.
What is Hartford Financial Services Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HIG's dividend (3.69%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: HIG's dividend (3.69%) is low compared to the top 25% of dividend payers in the US market (5.37%).
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 (24.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chris Swift (58yo)
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 ($USD11.77M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
|Chairman & CEO||5.75yrs||US$13.88m||0.082% $9.8m|
|Executive VP & CFO||5.75yrs||US$4.43m||0.015% $1.8m|
|Executive Vice President of Operations & Technology||5.67yrs||US$3.25m||0.0093% $1.1m|
|Executive VP & Chief Investment Officer||7.92yrs||US$4.43m||0.0096% $1.1m|
|Chief Information Officer||0.58yr||no data||no data|
|Chief Ethics & Compliance Officer||6.75yrs||no data||no data|
|Executive VP & General Counsel||4.83yrs||no data||0.0074% $890.6k|
|Chief Marketing & Communications Officer||4.83yrs||no data||0.0099% $1.2m|
|Head of Sales & Distribution||4yrs||no data||no data|
Experienced Management: HIG's management team is seasoned and experienced (5.7 years average tenure).
|Chairman & CEO||5.75yrs||US$13.88m||0.082% $9.8m|
|Independent Director||16.25yrs||US$277.75k||0.017% $2.0m|
|Independent Director||2.33yrs||US$328.50k||0.0012% $148.6k|
|Independent Director||2.17yrs||US$325.95k||0.0011% $128.3k|
|Lead Director||3.25yrs||US$295.79k||0.023% $2.7m|
|Independent Director||6.25yrs||US$285.79k||0.0052% $625.7k|
|Independent Director||9.5yrs||US$260.90k||0.015% $1.8m|
|Independent Director||6.92yrs||US$285.79k||0.0044% $522.6k|
|Independent Director||11.58yrs||US$287.75k||0.0035% $424.3k|
|Independent Director||5yrs||US$261.07k||0.0044% $531.0k|
Experienced Board: HIG's board of directors are considered experienced (5.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HIG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The Hartford Financial Services Group, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: The Hartford Financial Services Group, Inc.
- Ticker: HIG
- Exchange: NYSE
- Founded: 1810
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: US$11.987b
- Shares outstanding: 358.25m
- Website: https://www.thehartford.com
Number of Employees
- The Hartford Financial Services Group, Inc.
- One Hartford Plaza
- United States
|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|
|HFF||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||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|
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 workers’ compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance products; 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. Its Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. The company's Group Benefits segment provides 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 offers 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||2020/04/02 03:34|
|End of Day Share Price||2020/04/01 00:00|
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.