Hartford Financial Services Group Inc (NYSE:HIG) shares, rose in value on Thursday, December 12, with the stock price down by -1.87% to the previous day’s close as strong demand from buyers drove the stock to $110.92.
Actively observing the price movement in the last trading, the stock closed the session at $113.03, falling within a range of $110.71 and $114.5677. The value of beta (5-year monthly) was 0.936 whereas the PE ratio was 11.11 over 12-month period. Referring to stock’s 52-week performance, its high was $124.90, and the low was $78.33. On the whole, HIG has fluctuated by -5.92% over the past month.
With the market capitalization of Hartford Financial Services Group Inc currently standing at about $32.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.93, with its dividend yield at 1.74%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 26.5B, with a low estimate of 6.83B and a high estimate of 6.98B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.92B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HIG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.92, with the price of HIG currently trading nearly -6.62% and -5.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.15, while the 7-day volatility ratio is showing 2.94% which for the 30-day chart, stands at 1.79%. Furthermore, Hartford Financial Services Group Inc (HIG)’s beta value is 0.95, and its average true range (ATR) is 2.40.
A comparison of Hartford Financial Services Group Inc (HIG) with its peers suggests the former has fared considerably weaker in the market. HIG showed an intraday change of -1.87% in last session, and over the past year, it grew by 38.98%%.
Data on historical trading for Hartford Financial Services Group Inc (NYSE:HIG) indicates that the trading volumes over the past 10 days have averaged 1.51 and over the past 3 months, they’ve averaged 1.49 million. According to company’s latest data on outstanding shares, there are 290.82 million shares outstanding.
Nearly 0.34% of Hartford Financial Services Group Inc’s shares belong to company insiders and institutional investors own 93.35% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.18 million shares as on 2024-11-29, resulting in a short ratio of 2.13. According to the data, the short interest in Hartford Financial Services Group Inc (HIG) stood at 127.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 2.8 million. The stock has risen by 37.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HIG stock heading into the next quarter.
