The Hartford Financial Services Group, Inc. (HIG) is performing well today with a price of $139.22, marking a $2.5 increase from the previous close. This 1.83% rise is supported by a trading volume of $258,206, which is 16.45% higher than average.
In the latest quarterly earnings report released on Wednesday, April 22nd, HIG surpassed expectations with an EPS of 3.39, indicating strong financial performance.
HIG offers a forward dividend yield of 1.72%, with a dividend per share of 60 cents MRQ, showing an 11.92% increase year-over-year. The trailing twelve months dividend per share stands at $2.24.
UBS recently upgraded HIG from "Buy" to "Hold" on April 27, with the price at $136.86 when the new grade was published.
HIG demonstrates solid financial health with a free cash flow of $1 billion and a net change in cash of $43 million. Notably, the company repurchased common stock worth $450 million.
With a revenue of $7.23 billion and a net income of $856 million, HIG shows a robust performance. The EPS and diluted EPS stand at $3.08 and $3.03, respectively.
Key ratios indicate HIG's strength, with a gross profit margin of 44.67%, return on equity of 4.53%, and a price-earnings ratio of 10.99.
HIG's balance sheet reveals total assets of $86.32 billion, including $4.22 billion in short-term investments and total liabilities of $67.43 billion.
This comprehensive analysis showcases HIG's positive momentum and solid financial standing, making it an asset worth monitoring closely.
The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; 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, disability, and other group coverages to members of employer groups, associations, and affinity groups 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.