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 $99.09, down 0.77% from the previous day, and has increased 43.42% in one year. It has overperformed other stocks in the Insurance - Diversified industry by 0.19 percentage points. Hartford Financial Services Group stock is currently +47.79% from its 52-week low of $67.05, and -4.39% from its 52-week high of $103.64.
As of Apr 25, 2024, there are 295.76M HIG shares outstanding. The market value of HIG is $29.31B. In the past 24 hours, 2.01M 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.
- 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.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Select your method of payment and add your info.
- 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).
- 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.
- 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.
Our preferred brokerage: eToro
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Open eToro AccountStep 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.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start your new trading account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
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.
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 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 11.11x, relative to Insurance - Diversified industry P/E ratio of 9.66x
- HIG may be overvalued based on its P/B ratio of 1.89x, relative to Insurance - Diversified industry P/B ratio of 1.55x
- HIG may be overvalued based on its PEG ratio of 7.65x
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 $4.45B allows it to safely service it's debt of $4.36B.
- HIG earnings of $3.55B is not enough to cover its interest payments.
- HIG profit margin has gone up from 8.3% to 10.8% in the past year.
Signs that HIG is not financially healthy:
- HIG has a relatively high debt to equity ratio of 4.02.
- 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 13 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
Meyer Shields, a top 7% analyst from Keefe, Bruyette & Woods maintains HIG with a buy rating and raises their HIG price target from $114.00 to $120.00, on Apr 10, 2024.
Jimmy Bhullar, a top 29% analyst from JP Morgan maintains HIG with a hold rating and raises their HIG price target from $91.00 to $104.00, on Apr 8, 2024.
Andrew Kligerman, a top 8% analyst from TD Cowen maintains HIG with a strong buy rating and raises their HIG price target from $135.00 to $144.00, on Apr 3, 2024.
TD Cowen's Andrew Kligerman raised their price target on Hartford Financial Services Group (NYSE: HIG) by 6.7% from $135 to $144 on 2024/04/03. The analyst maintained their Strong Buy rating on the stock.
Ahead of the 2024/04/26 release of Hartford Financial Services Group's Q1 2024 earnings, TD Cowen revised its estimates in light of "higher peer benchmarks as well as their modestly higher earnings estimates," Kligerman told investors.
Footnotes
Yahoo Finance reports that the current consensus EPS estimate for the Hartford Financial Services Group's Q1 is $2.42 which, if achieved, would represent a 44% increase over Q1 2023's $1.68.
Gregory Peters, a top 4% analyst from Raymond James reiterates HIG with a buy rating and raises their HIG price target from $100.00 to $120.00, on Apr 1, 2024.
Paul Newsome, a top 8% analyst from Piper Sandler maintains HIG with a strong buy rating and maintains their HIG price target from $115.00 to $115.00, on Apr 1, 2024.
You can dive deeper into what analysts are forecasting on the Hartford Financial Services Group stock forecast page.
HIG Technical Indicators
HIG Earnings
Last year, HIG earnings were $2.70B. In the last five year, HIG's earnings have increased by 11.87% per year. This was slower than the Insurance - Diversified industry average of 80.65%.
Last year, HIG revenue was $25.04B. Over the past 5 year, HIG's revenue has gone up by 5.45% per year. This was slower than the Insurance - Diversified industry average of 13.34%.
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.
Michael R. Fisher, EVP of HIG, was the latest HIG insider to sell. They sold $1,360,819.15 worth of HIG shares on Mar 13, 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 1.81%, compared to the Insurance - Diversified industry's average dividend yield of 2.7%. If you owned $1,000 of HIG stock, you would have received $18.06 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:
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:
- Choose where to buy Hartford Financial Services Group stock
- Create your brokerage account
- Put funds into your investment account
- Evaluate Hartford Financial Services Group stock
- Place your HIG trade
- Get the latest scoop on your investment in HIG
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Hartford Financial Services Group, create your watchlist below.
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