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 April 17, 2024, HIG stock price declined to $95.78 with 2,204,009 million shares trading.

HIG has a beta of 0.55, meaning it tends to be less sensitive to market movements. HIG has a correlation of 0.16 to the broad based SPY ETF.

HIG has a market cap of $28.48 billion. This is considered a Large Cap stock.

Last quarter Hartford Finl Servs Gr reported $6 billion in Revenue and $3.06 earnings per share. This beat revenue expectation by $40 million and exceeded earnings estimates by $.62.

In the last 3 years, HIG stock traded as high as $103.64 and as low as $59.86.

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

HIG has outperformed the market in the last year with a return of +44.0%, while the SPY ETF gained +23.0%. In the last 3 month period, HIG beat the market returning +16.7%, while SPY returned +5.7%. However, in the most recent 2 weeks HIG has underperformed the stock market by returning -6.0%, while SPY returned -3.5%.

HIG support price is $96.67 and resistance is $98.79 (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 stock will trade within this expected range on the day.