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How to Buy Hartford Financial Services Group Stock

Hartford Financial Services Group Inc

Hartford Financial Services Group is a life insurance company located in Connecticut, United States, which is part of the Financial Services sector, and is traded under the ticker HIG on the NYSE exchange.

Hartford Financial Services Group stock last closed at $95.84, up 0.24% from the previous day, and has increased 22.43% in one year. It has underperformed other stocks in the Insurance - Diversified industry by 0.05 percentage points. Hartford Financial Services Group stock is currently +49.17% from its 52-week low of $64.25, and -0.83% from its 52-week high of $96.64.

As of Feb 29, 2024, there are 297.35M HIG shares outstanding. The market value of HIG is $28.50B. In the past 24 hours, 3.32M HIG shares were traded.

How to Buy Hartford Financial Services Group Stock

Not sure how to invest in Hartford Financial Services Group stock? Here's how.
  1. Choose where to buy Hartford Financial Services Group stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Hartford Financial Services Group stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your investment account: Select your method of payment and add your info.
  4. Evaluate Hartford Financial Services Group stock: The Hartford Financial Services Group ticker symbol is HIG. Is Hartford Financial Services Group stock a good investment? Should you buy shares of HIG? How do HIG's underlying business fundamentals look? Do top analysts think Hartford Financial Services Group is a good buy? Why has HIG's stock price moved recently? (Hint: Our stock market research website can help you understand if HIG is a good stock to buy).
  5. Place your HIG trade: Decide if you will purchase HIG shares at the current market price or use a limit order to buy HIG stock at a particular price.
  6. Get the latest scoop on your investment in HIG: Create a watchlist to track your investment in Hartford Financial Services Group stock.

Step 1: Choose where to buy Hartford Financial Services Group stock

You need an online brokerage account in order to access the NYSE market and buy HIG stock.

A brokerage account enables you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

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Step 2: Create your brokerage account

Now that you've selected the best brokerage, the next step is to fill out some personal information so you can buy HIG stock today.

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  1. Click here to get started.
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  2. Input your personal info to start your new trading account.
  1. Send your info by pressing the "Create Account" button.
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Step 3: Put funds into your investment account

Now that you've filled out your info on the best investment app, your next step is to transfer the money for your investment:

Watch the video below if you need help depositing funds into your investment account.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Evaluate Hartford Financial Services Group stock

Once you have decided on the best place to buy Hartford Financial Services Group stock, it's crucial to analyze their stock prior to investing, so you truly comprehend the risk and upside.

Hartford Financial Services Group shares at a glance

HIG Price
$95.84
1w %
1.4%
1y %
22.43%
5y %
94.17%
P/E
11.85x
P/B
1.86x
P/S
1.16x
PEG
1.2x
Revenue
$24.53B
Earnings
$2.48B
Fore. Rev. Growth
-26.34%
Fore. Earn. Growth
12.24%
Market Cap
$28.50B
Next Earnings
Apr 25, 2024
Next Dividend
Apr 2, 2024

HIG Zen Score

WallStreetZen was created to help everyday investors perform better fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on HIG's stock page.

What is the fair value of HIG stock?

You can use a variety of different financial metrics, analyses, models, and charts to gauge HIG's true value.

Using relative valuations ratios:

  • HIG could be overvalued based on its P/E ratio of 11.85x, relative to Insurance - Diversified industry P/E ratio of 9.75x
  • HIG may be overvalued based on its P/B ratio of 1.86x, relative to Insurance - Diversified industry P/B ratio of 1.55x
  • HIG may be overvalued based on its PEG ratio of 1.2x

You can do more valuation analysis on HIG's stock here.

A look at HIG Cashflows and Balance Sheet

Signs that HIG is financially healthy:

  • HIG's operating cash flow of $4.22B allows it to safely service it's debt of $4.36B.
  • HIG earnings of $3.29B is not enough to cover its interest payments.
  • HIG profit margin has gone up from 8% to 10.1% in the past year.

Signs that HIG is not financially healthy:

  • HIG has a relatively high debt to equity ratio of 4.01.
  • Total HIG debt is higher than 5 years ago, relative to shareholder equity.

Do Wall Street analysts think it's a good time to buy Hartford Financial Services Group stock

Out of 8 Wall Street analysts who research HIG, the consensus analyst rating on Hartford Financial Services Group is a Buy

It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

Most Recent HIG Analyst Upgrades/Downgrades

Jimmy Bhullar, a top 30% analyst from JP Morgan downgrades HIG to a hold rating and lowers their HIG price target from $94.00 to $91.00, on Jan 8, 2024.

Michael Phillips, a bottom 11% analyst from Morgan Stanley maintains HIG with a hold rating and raises their HIG price target from $76.00 to $78.00, on Oct 27, 2023.

Elyse Greenspan, a top 3% analyst from Wells Fargo maintains HIG with a strong buy rating and lowers their HIG price target from $89.00 to $85.00, on Oct 17, 2023.

Cave Montazeri, an analyst from Deutsche Bank initiates coverage on HIG with a hold rating and announces their HIG price target of $85.00, on Oct 5, 2023.

You can dive deeper into what analysts are forecasting on the Hartford Financial Services Group stock forecast page.

HIG Technical Indicators

SMA10
94.65
SMA20
92.35
SMA50
86.64
SMA100
80.75
SMA200
76.28
MACD
2.72
MACD Signal
2.65
MACD Histogram
0.07
RSI
81.84
Stochastic %K
87.96
Stochastic %D
87.83
StochRSI %K
59.4
StochRSI %D
64.52

HIG Earnings

Last year, HIG earnings were $2.48B. In the last five year, HIG's earnings have increased by 9.97% per year. This was slower than the Insurance - Diversified industry average of 80.38%.

Last year, HIG revenue was $24.53B. Over the past 5 year, HIG's revenue has gone up by 5.29% per year. This was slower than the Insurance - Diversified industry average of 13.08%.

Find out more about HIG's earnings and revenue performance here.

Who is buying/selling HIG?

Over the last year, executives and large shareholders at HIG have sold more shares than they have bought.

Beth Ann Costello, EVP and CFO of HIG, was the latest HIG insider to sell. They sold $3,713,230.39 worth of HIG shares on Feb 27, 2024.

Get more info about who owns HIG shares here.

Can I get consistent income from HIG stock?

Hartford Financial Services Group pays a dividend of 1.82%, compared to the Insurance - Diversified industry's average dividend yield of 2.74%. If you owned $1,000 of HIG stock, you would have received $18.21 in the past year.

Hartford Financial Services Group dividend payments have consistently grown over the past decade and have remained stable.

Dig into more analysis about Hartford Financial Services Group dividend yield and history here.

HIG Social Trading Data

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other community members have to say.

Step 5: Place your HIG trade

You have two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at an exact dollar amount limit, use a limit order.

Hit the Open Trade button and your broker will place the order.

If you need more help buying stocks on eToro, watch the helpful video below:

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Step 6: Get the latest scoop on your investment in HIG

Now that you own some shares in HIG, you'll want to keep up with your new company.

Start a watchlist to track the most important metrics related to your HIG stock.

HIG Feed

How to Buy Stock in Hartford Financial Services Group

To reiterate, here are the 6 steps you need to take to buy Hartford Financial Services Group stock right now:

  1. Choose where to buy Hartford Financial Services Group stock
  2. Create your brokerage account
  3. Put funds into your investment account
  4. Evaluate Hartford Financial Services Group stock
  5. Place your HIG trade
  6. Get the latest scoop on your investment in HIG

If you require a brokerage account, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your investment in Hartford Financial Services Group, create your watchlist below.

NYSE: HIG
$95.84+0.23 (+0.24%)
Updated Feb 29, 2024
Open eToro Account
NYSE: HIG
$95.84+0.23 (+0.24%)
Updated Feb 29, 2024
Open eToro Account

FAQ

How much does it cost to buy one Hartford Financial Services Group share?

As of Feb 29, 2024, it costs $95.84 to buy one share of Hartford Financial Services Group stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.104 shares of HIG.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Hartford Financial Services Group stock?

According to 8 Wall Street analysts who monitor Hartford Financial Services Group, their consensus recommendation is to buy Hartford Financial Services Group stock.

What is the best way to buy Hartford Financial Services Group stock?

One way to place an order for Hartford Financial Services Group stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.