NYSE:HIG

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Hartford Financial Services Group

Executive Summary

The Hartford Financial Services Group, Inc. More Details


Snowflake Analysis

Undervalued with solid track record 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.8%

HIG

-4.0%

US Insurance

-0.8%

US Market


1 Year Return

-39.2%

HIG

-19.5%

US Insurance

13.8%

US Market

Return vs Industry: HIG underperformed the US Insurance industry which returned -19.5% over the past year.

Return vs Market: HIG underperformed the US Market which returned 13.8% over the past year.


Shareholder returns

HIGIndustryMarket
7 Day1.8%-4.0%-0.8%
30 Day-11.2%-6.4%-5.7%
90 Day-4.3%2.2%8.6%
1 Year-37.5%-39.2%-17.3%-19.5%16.4%13.8%
3 Year-28.8%-33.7%-2.3%-9.7%36.9%27.8%
5 Year-11.9%-21.0%38.7%21.3%85.0%64.2%

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

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 ($35.8) is trading below our estimate of fair value ($85.15)

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 (7.2x) compared to the US Insurance industry average (14x).

PE vs Market: HIG is good value based on its PE Ratio (7.2x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: HIG is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: HIG's PB Ratio (0.8x) 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 11 analysts?

16.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HIG's forecast earnings growth (16.9% per year) is above the savings rate (2.2%).

Earnings vs Market: HIG's earnings (16.9% per year) are forecast to grow slower than the US market (22.9% per year).

High Growth Earnings: HIG's earnings are forecast to grow, but not significantly.

Revenue vs Market: HIG's revenue (2.2% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: HIG's revenue (2.2% 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 (11.4%).


Next Steps

Past Performance

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

8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HIG has high quality earnings.

Growing Profit Margin: HIG's current net profit margins (8.7%) are higher than last year (8.3%).


Past Earnings Growth Analysis

Earnings Trend: HIG's earnings have grown by 8.5% per year over the past 5 years.

Accelerating Growth: HIG's earnings growth over the past year (11.3%) exceeds its 5-year average (8.5% per year).

Earnings vs Industry: HIG earnings growth over the past year (11.3%) exceeded the Insurance industry -3.3%.


Return on Equity

High ROE: HIG's Return on Equity (10.7%) 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 ($15.0B) exceed its short term liabilities ($7.0B).

Long Term Liabilities: HIG's short term assets ($15.0B) do not cover its long term liabilities ($47.0B).


Debt to Equity History and Analysis

Debt Level: HIG's debt to equity ratio (24.8%) is considered satisfactory.

Reducing Debt: HIG's debt to equity ratio has reduced from 32% to 24.8% over the past 5 years.

Debt Coverage: HIG's debt is well covered by operating cash flow (88.6%).

Interest Coverage: HIG's interest payments on its debt are well covered by EBIT (11.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Hartford Financial Services Group current dividend yield, its reliability and sustainability?

3.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HIG's dividend (3.63%) is higher than the bottom 25% of dividend payers in the US market (1.72%).

High Dividend: HIG's dividend (3.63%) is low compared to the top 25% of dividend payers in the US market (4.94%).


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 (25%), 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 (25.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Chris Swift (59 yo)

6.17yrs

Tenure

US$14,560,748

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 ($USD14.56M) is about average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Christopher Swift
Chairman & CEO6.17yrsUS$14.56m0.084%
$ 11.1m
Douglas Elliot
President6.17yrsUS$9.33m0.094%
$ 12.4m
Beth Costello
Executive VP & CFO6.17yrsUS$4.57m0.015%
$ 2.0m
William Bloom
Executive Vice President6.17yrsUS$3.52m0.019%
$ 2.5m
Brion Johnson
0.083yrUS$4.40m0.023%
$ 3.1m
Amy Stepnowski
Chief Investment Officer0.083yrno data0.0018%
$ 241.7k
Deepa Soni
Chief Information Officer1yrno datano data
Susan Bernstein
Senior Investor Relations Officerno datano datano data
Patricia McEvoy
Chief Ethics & Compliance Officer7.17yrsno datano data
David Robinson
Executive VP & General Counsel5.25yrsno data0.0074%
$ 981.5k
Kathleen Bromage
Chief Marketing & Communications Officer5.25yrsno data0.0099%
$ 1.3m
Melinda Thompson
Head of Sales & Distribution4.42yrsno datano data

5.3yrs

Average Tenure

59yo

Average Age

Experienced Management: HIG's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christopher Swift
Chairman & CEO6.17yrsUS$14.56m0.084%
$ 11.1m
Michael Morris
Independent Director16.67yrsUS$283.03k0.017%
$ 2.3m
Albert Woodring
Independent Director2.75yrsUS$262.08k0.0020%
$ 269.5k
Carlos Dominguez
Independent Director2.58yrsUS$261.35k0.0011%
$ 141.4k
Trevor Fetter
Lead Independent Director3.67yrsUS$301.07k0.023%
$ 3.0m
Larry De Shon
Independent Director0.58yrno data0.00020%
$ 26.4k
Kathryn Mikells
Independent Director9.92yrsUS$290.00k0.015%
$ 2.0m
Virginia Ruesterholz
Independent Director7.33yrsUS$286.07k0.0052%
$ 681.7k
Matthew Winter
Independent Director0.58yrno datano data
Robert Allardice
Independent Director12yrsUS$288.03k0.0043%
$ 574.6k
Teresa Roseborough
Independent Director5.42yrsUS$261.35k0.0052%
$ 690.9k

5.4yrs

Average Tenure

61yo

Average Age

Experienced Board: HIG's board of directors are considered experienced (5.4 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$13.210b
  • Shares outstanding: 358.20m
  • Website: https://www.thehartford.com

Number of Employees


Location

  • The Hartford Financial Services Group, Inc.
  • One Hartford Plaza
  • Hartford
  • Connecticut
  • 6155
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HIGNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 1995
HFFBST (Boerse-Stuttgart)YesCommon StockDEEURDec 1995
HFFDB (Deutsche Boerse AG)YesCommon StockDEEURDec 1995
0J3HLSE (London Stock Exchange)YesCommon StockGBUSDDec 1995
HIG.PRGNYSE (New York Stock Exchange)6.0 DPSHS PFD GUSUSDOct 2018
H1IG34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REPR 1 COMBRBRLJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 23:47
End of Day Share Price2020/09/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.