Wolfe Research raised the price target for the The Hartford Financial Services Group Inc. (NYSE:HIG) stock to “a Peer perform”. The rating was released on August 17, 2021. We previously noted in another research note published on July 30, 2021 by BofA Securities that upgraded the stock from a Neutral to a Buy with a price target of $76 for HIG stock. The research report from BofA Securities has resumed the stock to Neutral, with a price target set at $75. The stock was resumed by Credit Suisse, who disclosed in a research note on April 28, 2021, to Outperform and set the price objective to $82. In their research brief published March 19, 2021, Credit Suisse analysts upgraded the The Hartford Financial Services Group Inc. stock from Neutral to Outperform with a price target of $82.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of The Hartford Financial Services Group Inc. (NYSE:HIG) dipped -1.17% to close Wednesday’s market session at $66.71, lower as compared to yesterday’s close. The stock price fluctuated between $66.64 and $67.98 throughout the trading session with the volume trading being 2703097 shares, which represented a significant variation when compared to the three months average volume of 1.81 million shares. The firm’s stock price fluctuated -1.21% within the last five trades and 7.03% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 34.99% in the last 6 months and 1.18% was added to its value over the previous 3 months. HIG stock is trading at a margin of 2.99%, 4.84% and 16.19% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, HIG deals in the Financial domain. The stock is trading -4.62 percent below its 52-week high and 92.30 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 61.17. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does The Hartford Financial Services Group Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 13.20 percent and the profit margin is 10.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $23.14 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for The Hartford Financial Services Group Inc. (NYSE:HIG) is 11.31. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 9.57. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.08 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.32, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.20 percent of The Hartford Financial Services Group Inc. shares are owned by insiders, and 97.10 percent are held by financial institutions. Allardice Robert B. III, the Director at The Hartford Financial Services Group Inc. (HIG) has sold 9,000 shares of firm on Aug 16 at a price of $67.61 against the total amount of $0.61 million. In another inside trade, Robinson David C, EVP and General Counsel of The Hartford Financial Services Group Inc. (NYSE:HIG) sold 5,469 shares of the firm on Aug 04 for a total worth of $0.36 million at a price of $65.00. An inside trade which took place on Jul 20, Executive Vice President of The Hartford Financial Services Group Inc. Bloom William A sold 16,000 shares of firm against total price of $0.99 million at the cost of $62.00 per share.