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Hartford Financial Services Group Inc Stock Research

HIG

65.54USD-1.62(-2.41%)Market Closed

Market Summary

USD65.54-1.62
Market Closed
-2.41%

HIG Alerts

HIG Stock Price

HIG RSI Chart

HIG Valuation

Market Cap

23.3B

Price/Earnings (Trailing)

11.93

Price/Sales (Trailing)

1.05

EV/EBITDA

8.3

Price/Free Cashflow

5.88

HIG Price/Sales (Trailing)

HIG Profitability

EBT Margin

10.10%

Return on Equity

13.32%

Return on Assets

2.49%

Free Cashflow Yield

17%

HIG Fundamentals

HIG Revenue

Revenue (TTM)

22.4B

Revenue Y/Y

3.44%

Revenue Q/Q

7.81%

HIG Earnings

Earnings (TTM)

1.8B

Earnings Y/Y

-19.2%

Earnings Q/Q

73.75%

Price Action

52 Week Range

60.1779.44
(Low)(High)

Last 7 days

-4.5%

Last 30 days

-15.3%

Last 90 days

-13.9%

Trailing 12 Months

-7.0%

HIG Financial Health

Debt/Equity

0.32

Debt/Cashflow

0.92

HIG Investor Care

Dividend Yield

2.41%

Dividend/Share (TTM)

1.58

Diluted EPS (TTM)

5.44

Peers (Alternatives to Hartford Financial Services Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
80.0B
49.6B
-4.01% 20.05%
110.87
1.61
4.00% -78.47%
38.2B
36.9B
-11.15% -7.91%
13.44
1.04
5.94% -22.39%
36.2B
56.4B
-20.51% -22.77%
3.52
0.64
8.41% 9.46%
28.0B
51.4B
-20.85% -21.89%
-19.76
0.54
1.63% -195.35%
23.9B
12.1B
-10.37% 19.27%
40.06
1.98
1.63% -56.71%
23.3B
22.4B
-15.30% -7.04%
11.93
1.05
-0.13% -23.26%
11.4B
6.8B
0.57% 29.95%
32.11
0.97
-36.57% -61.35%
10.0B
7.0B
-11.49% -11.97%
11.1
1.42
7.45% -54.99%
MID-CAP
8.3B
6.3B
-9.57% 27.04%
-7.81
1.31
21.94% -2542.77%
3.9B
-
-9.60% -15.68%
-4.04
4.2
-80.45% -283.49%
SMALL-CAP
1.3B
1.4B
-11.48% -19.13%
-518.3
0.97
3.97% -101.82%
1.3B
327.1M
-8.64% -12.50%
25.56
4.08
39.88% 13.79%
953.5M
1.1B
-9.34% -30.31%
-2.4K
0.86
-1.58% -100.28%
773.0M
813.7M
-6.65% -1.39%
24.96
0.95
5.28% 117.92%

Financials for Hartford Financial Services Group

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue0.9%22,36222,16222,26822,48422,390
  S&GA Expenses-0.7%4,8304,8654,8624,8424,779
EBITDA-6.2%3,0963,3013,4764,049-
EBITDA Margin-7.0%0.14*0.15*0.19*0.18*-
Earnings Before Taxes-6.9%2,2582,4262,5783,1362,896
EBT Margin-7.8%0.10*0.11*0.14*0.14*-
Interest Expenses-5.3%213225233239234
Net Income-7.2%1,8151,9552,0982,5612,365
Net Income Margin-8.0%0.08*0.09*0.12*0.11*-
Free Cahsflow-3.3%3,8333,9653,7363,622-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.7%73,02271,80172,40275,25276,578
    Cash Equivalents20.7%344285348306337
  Net PPE-1.5%9279419709951,027
  Goodwill0%1,9111,9111,9111,9111,911
Liabilities0.9%59,39158,84658,17659,35558,735
.    Short Term BorrowingsInfinity%591----
  Long Term Debt0.0%4,3574,3564,3554,3544,944
Shareholder's Equity5.2%13,63112,95514,22615,89717,843
  Retained Earnings2.7%17,04816,59816,38816,07715,764
  Additional Paid-In Capital-42.2%1,8953,2773,2643,2493,309
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-2.9%4,0084,1283,8993,7634,093
Cashflow From Investing10.3%-1,277-1,423-1,500-1,890-2,466
Cashflow From Financing5.6%-2,710-2,871-2,421-1,901-1,581
  Dividend Payments0.6%506503500499485
  Buy Backs-8.8%1,5501,7001,8611,9791,702

Risks for HIG

What is the probability of a big loss on HIG?

40%


Probability that Hartford Financial Services Group stock will be more than 20% underwater in next one year

19.6%


Probability that Hartford Financial Services Group stock will be more than 30% underwater in next one year.

18.5%


Probability that Hartford Financial Services Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HIG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Hartford Financial Services Group was unfortunately bought at previous high price.

Drawdowns

Returns for HIG

Cumulative Returns on HIG

11.8%


10-Year Cumulative Returns

7.5%


7-Year Cumulative Returns

7.6%


5-Year Cumulative Returns

31.2%


3-Year Cumulative Returns

What are the long-term rolling returns for HIG?

FIve years rolling returns for Hartford Financial Services Group.

Annualized Returns

Which funds bought or sold HIG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
19.85
659,627
2,055,630
0.06%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-2.85
7,764,410
48,783,400
0.05%
2023-03-06
Rockefeller Capital Management L.P.
added
22.59
2,980,000
8,929,000
0.04%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
98,579
98,579
-%
2023-02-28
Voya Investment Management LLC
added
0.09
5,453,880
29,646,900
0.04%
2023-02-27
ST GERMAIN D J CO INC
new
-
53,839
53,839
0.02%
2023-02-27
Parallax Volatility Advisers, L.P.
new
-
2,922,720
2,922,720
-%
2023-02-24
National Pension Service
reduced
-5.47
5,007,380
39,753,600
0.08%
2023-02-24
NATIXIS
added
33.42
780,362
2,013,360
0.01%
2023-02-24
SRS Capital Advisors, Inc.
unchanged
-
358
2,358
-%

1–10 of 44

Latest Funds Activity

Are funds buying HIG calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own HIG
No. of Funds

Hartford Financial Services Group News

MarketWatch

Allstate Corp. stock underperforms Thursday when compared to competitors.

MarketWatch,
4 hours ago

InvestorsObserver

Marketscreener.com

Schedule 13G FIlings of Hartford Financial Services Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
7.8%
24,771,975
SC 13G/A
Feb 09, 2023
vanguard group inc
12.43%
39,535,660
SC 13G/A
Feb 07, 2023
blackrock inc.
7.7%
24,543,083
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
6.3%
21,702,336
SC 13G
Feb 14, 2022
state street corp
6.02%
20,504,713
SC 13G/A
Feb 10, 2022
vanguard group inc
11.69%
39,787,394
SC 13G/A
Feb 01, 2022
blackrock inc.
7.6%
25,991,605
SC 13G/A
Jan 12, 2022
jpmorgan chase & co
5.5%
18,932,591
SC 13G/A
Feb 12, 2021
state street corp
5.51%
19,738,870
SC 13G
Feb 10, 2021
vanguard group inc
10.86%
38,908,481
SC 13G/A

HIG Fair Value

Recent SEC filings of Hartford Financial Services Group

View All Filings
Date Filed Form Type Document
Mar 08, 2023
3
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading

Latest Insider Trading transactions for HIG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-06
Stepnowski Amy
sold
-26,070
77.59
-336
evp
2023-03-01
Costello Beth Ann
gifted
-
-
-5,000
evp and cfo
2023-03-01
Costello Beth Ann
sold
-3,029,640
77.8528
-38,915
evp and cfo
2023-03-01
Costello Beth Ann
acquired
1,605,240
41.25
38,915
evp and cfo
2023-03-01
Bennett Jonathan R
sold
-304,744
77.86
-3,914
evp
2023-02-28
Swift Christopher
acquired
1,240,580
35.83
34,624
chairman and ceo
2023-02-28
Swift Christopher
sold
-2,711,880
78.3236
-34,624
chairman and ceo
2023-02-27
Lewis Scott R.
sold (taxes)
-133,874
77.97
-1,717
svp and controller
2023-02-27
Soni Deepa
sold (taxes)
-142,373
77.97
-1,826
executive vice president
2023-02-27
Stepnowski Amy
sold (taxes)
-107,521
77.97
-1,379
evp

1–10 of 50

Christopher J. Swift
18100
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.

HIG Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Earned premiums$ 19,390$ 17,999$ 17,288
Fee income1,3491,4881,277
Net investment income2,1772,3131,846
Net realized gains (losses)(627)509(14)
Other revenues7381126
Total revenues22,36222,39020,523
Benefits, losses and expenses   
Benefits, losses and loss adjustment expenses13,14212,72911,805
Amortization of deferred policy acquisition costs ("DAC")1,8351,6801,706
Insurance operating costs and other expenses4,8304,7794,480
Interest expense213234236
Amortization of other intangible assets717172
Restructuring and other costs131104
Total benefits, losses and expenses20,10419,49418,403
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest2,2582,8962,120
Income tax expense443531383
Net income1,8152,3651,737
Preferred stock dividends212121
Net income available to common stockholders$ 1,794$ 2,344$ 1,716
Earnings per common share   
Net income (loss) Basic$ 5.52$ 6.71$ 4.79
Net income (loss) Diluted$ 5.44$ 6.62$ 4.76

HIG Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Investments:  
Fixed maturities, AFS, at fair value (amortized cost of $39,533 and $40,788, and ACL of $12 and $1)$ 36,231$ 42,847
Fixed maturities, at fair value using the fair value option ("FVO")333160
Equity securities, at fair value1,8012,094
Financing Receivable, after Allowance for Credit Loss6,0005,383
Limited partnerships and other alternative investments4,1773,353
Other investments159215
Short-term investments3,8593,697
Total investments52,56057,749
Cash229205
Restricted Cash115132
Premiums receivable and agents' balances (net of ACL of $109 and $105)4,9494,445
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $105 and $99)6,9666,523
Deferred policy acquisition costs1,002881
Deferred income taxes, net1,449270
Goodwill1,9111,911
Property and equipment, net9271,027
Other intangible assets, net778858
Other assets2,1362,577
Total assets73,02276,578
Liabilities  
Unpaid losses and loss adjustment expenses41,24339,659
Reserve for future policy benefits561596
Other policyholder funds and benefits payable658687
Unearned premiums7,8157,194
Long-term debt4,3574,944
Other liabilities4,7575,655
Total liabilities59,39158,735
Stockholders’ Equity  
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at December 31, 2022 and December 31, 2021, aggregate liquidation preference of $345334334
Common Stock, Value, Issued34
Additional paid-in capital1,8953,309
Retained earnings17,04815,764
Treasury Stock, Value(1,773)(1,740)
Accumulated other comprehensive income (loss), net of tax(3,876)172
Total stockholders' equity13,63117,843
Total liabilities and stockholders’ equity$ 73,022$ 76,578