HIG Stock Summary and Trading Ideas (Hartford Finl Servs Gr | NYSE:HIG)

The Hartford Financial Services Group Inc offers a diverse range of property and casualty insurance, group benefits, and mutual fund services to a customer base of individuals and corporations. It operates in five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Hartford Funds, as well as a Corporate category.

Hartford Finl Servs Gr trades on the NYSE stock market under the symbol HIG.

As of October 31, 2024, HIG stock price declined to $110.44 with 2,237,347 million shares trading.

HIG has a beta of 0.35, meaning it tends to be less sensitive to market movements. HIG has a correlation of 0.05 to the broad based SPY ETF.

HIG has a market cap of $32.02 billion. This is considered a Large Cap stock.

Last quarter Hartford Finl Servs Gr reported $7 billion in Revenue and $2.53 earnings per share. This beat revenue expectation by $61 million and missed earnings estimates by -$.01.

In the last 3 years, HIG traded as high as $123.23 and as low as $60.17.

The top ETF exchange traded funds that HIG belongs to (by Net Assets): RAYD, VTI, VOO, VO, SPY.

HIG has outperformed the market in the last year with a return of +54.6%, while the SPY ETF gained +38.5%. However, in the most recent history, HIG shares have underperformed the stock market with its stock returning -0.8% in the last 3 month period and -7.7% for the last 2 week period, while SPY has returned +5.2% and -2.3%, respectively.

HIG support price is $111.33 and resistance is $114.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HIG shares will trade within this expected range on the day.