The Hartford Financial Services Group Inc. (NYSE:HIG) shares traded higher over the last trading session, gaining 0.46% on 12/15/20. The shares fell to a low of $44.965 before closing at $45.75. Intraday shares traded counted 3.17 million, which was -27.92% lower than its 30-day average trading volume of 2.48M. HIG’s previous close was $45.54 while the outstanding shares total 358.30M. The firm has a beta of 1.02, a 12-month trailing P/E ratio of 9.58. The stock’s Relative Strength Index (RSI) is 53.74, with weekly volatility at 2.77% and ATR at 1.45. The HIG stock’s 52-week price range has touched low of $19.04 and a $61.64 high.
Investors have identified the Insurance – Diversified company The Hartford Financial Services Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $16.80 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
The Hartford Financial Services Group Inc. (HIG) Fundamentals that are to be considered.
HIG were able to record 2.58 billion as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by 8.0 million. In cash movements, the company had a total of 2.65 billion as operating cash flow.
Having a look at the company’s valuation, the company is expected to record 5.37 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on HIG sounds very interesting.
Is the stock of HIG attractive?
In related news, Chairman and CEO, Swift Christopher bought 6,975 shares of the company’s stock in a transaction that recorded on Sep 23. The purchase was performed at an average price of 35.98, for a total value of 250,961. As the purchase deal closes, the Director, FETTER TREVOR now bought 10,000 shares of the company’s stock, valued at 413,750. Also, EVP, Bennett Jonathan R sold 3,521 shares of the company’s stock in a deal that was recorded on Mar 02. The shares were cost at an average price of 50.07 per share, with a total market value of 176,296. Following this completion of disposal, the Director, FETTER TREVOR now holds 10,000 shares of the company’s stock, valued at 498,020. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
13 out of 18 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on The Hartford Financial Services Group Inc.. 0 analysts has assigned a Sell rating on the HIG stock. The 12-month mean consensus price target for the company’s shares has been set at $53.75.