Hartford Financial Services
HIG

$114.49

0.51%

Market Cap: $33.9B

About: 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.

Employees: 18,700

Financials Fire, Marine & Casualty Insurance

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 10 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

18% more call options, than puts

Call options by funds: $81.2M | Put options by funds: $68.9M

6% more first-time investments, than exits

New positions opened: 86 | Existing positions closed: 81

1% more funds holding

Funds holding: 899 [Q1] → 904 (+5) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]

0.27% less ownership

Funds ownership: 91.58% [Q1] → 91.31% (-0.27%) [Q2]

1% less repeat investments, than reductions

Existing positions increased: 327 | Existing positions reduced: 329

3% less capital invested

Capital invested by funds: $28B [Q1] → $27.2B (-$861M) [Q2]

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Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$105

8%

downside

Avg. target

$117

2%

upside

High target

$133

16%

upside

10 analyst ratings

4 positive

40%

6 neutral

60%

0 negative

0%

Barclays Alex Scott 89% 1-year accuracy 33 / 37 met price target	14%upside $130	Equal-Weight Initiated	4 Sept 2024
Keefe, Bruyette & Woods Meyer Shields 79% 1-year accuracy 62 / 78 met price target	16%upside $133	Outperform Maintained	1 Aug 2024
RBC Capital Scott Heleniak 94% 1-year accuracy 45 / 48 met price target	0%upside $115	Sector Perform Maintained	29 Jul 2024
Piper Sandler Paul Newsome 89% 1-year accuracy 50 / 56 met price target	9%upside $125	Overweight Maintained	29 Jul 2024
B of A Securities Joshua Shanker 56% 1-year accuracy 20 / 36 met price target	3%downside $111	Buy Maintained	11 Jul 2024

See Analyst Rankings

Financial journalist opinion

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Hartford Financial (HIG) Q2 Earnings Beat on Commercial Lines

Hartford Financial's (HIG) quarterly earnings benefit from a strong Group Benefits and Commercial Lines performance. However, rising expenses partially offset the positives.

Hartford Financial (HIG) Q2 Earnings Beat on Commercial Lines

The Hartford Financial Services Group, Inc. (HIG) Q2 2024 Earnings Call Transcript

The Hartford Financial Services Group, Inc. (NYSE:HIG ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Susan Spivak - Senior Vice President, Investor Relations Chris Swift - Chairman and Chief Executive Officer Beth Costello - Chief Financial Officer Morris Tooker - Head of Enterprise Sales & Distribution, Global Specialty, and Middle & Large Commercial Jonathan Bennett - Head of Group Benefits Conference Call Participants Elyse Greenspan - Wells Fargo Andrew Kligerman - TD Cowen Brian Meredith - UBS Financial Gregory Peters - Raymond James Josh Shanker - Bank of America Yaron Kinar - Jefferies Peter Knudsen - Evercore ISI Operator Thank you for standing by, and welcome to The Hartford Financial Second Quarter 2024 Results Conference Call and Webcast. All lines have been placed on mute to prevent any background noise.

The Hartford Financial Services Group, Inc. (HIG) Q2 2024 Earnings Call Transcript

Zacks Investment Research

The Hartford (HIG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for The Hartford (HIG) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

The Hartford (HIG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

The Hartford Announces Outstanding Second Quarter 2024 Financial Performance

HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford (NYSE: HIG) today announced financial results for the second quarter ended June 30, 2024. “The Hartford's second quarter 2024 financial results were outstanding with a trailing 12-month core earnings ROE of 17.4 percent,” said The Hartford's Chairman and CEO Christopher Swift. “Commercial Lines maintained robust top-line growth at highly profitable margins. Personal Lines continues to make great strides towards restoring target profitability in aut.

The Hartford Announces Outstanding Second Quarter 2024 Financial Performance

Zacks Investment Research

Can Hartford Financial (HIG) Counter Rising Costs in Q2 Earnings?

Hartford Financial's (HIG) Q2 results are likely to reflect benefits of new business growth and favorable retention rates in the Commercial Lines unit, partly offset by an elevated expense level.

Can Hartford Financial (HIG) Counter Rising Costs in Q2 Earnings?

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Hartford Financial (HIG) Up 40% in Past Year: What Lies Ahead?

Hartford Financial (HIG) remains well-poised for growth on the back of improved premiums, solid performance of Commercial Lines business and a sound financial stand.

Hartford Financial (HIG) Up 40% in Past Year: What Lies Ahead?

Hartford Financial Services Group Digital Transformation Strategy Analysis 2024: Accelerators, Incubators, and Other Innovation Programs

Dublin, July 04, 2024 (GLOBE NEWSWIRE) -- The "Hartford Financial Services Group Inc. - Digital transformation strategies" company profile has been added to ResearchAndMarkets.com's offering. This report provides insight into Hartford's tech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts. The Hartford Financial Services Group Inc (Hartford) is a financial holding group. The group, through its subsidiaries, provides a range of property and casualty insurance, group benefits and mutual funds to individuals and business customers. It offers insurance products for homeowners, renters, workers' compensation, business income, commercial property, data breach, auto, general liability, professional liability, bond, management liability, inland marine and livestock. The group also offers annuities, asset management and investment management services. It serves customers through direct sales, brokers, banks, registered investment advisors, affinity partners, internal sales force and independent agents. It operates in the US. Hartford InsurTech Hub is an accelerator program launched in 2017, by Startupbootcamp (a global network of startup accelerators) along with founding partners, The Hartford, Cigna, Aetna, USAA, Travelers, White Mountains, Capgemini, Conning, Locke Lord, LKP Global Law, Launch, Rainmaking, and the City of Hartford. The hub helps insurtech startups grow their business by offering resources and support, as well as helping them connect with the investor community. In 2019, The Hartford launched an IoT Innovation Lab focused on accelerating IoT innovation within the group. The lab supports core business units and incubates breakthrough startups, services, and business models. The lab started its operations by studying how real-time data from network connected water sensors and wearables can be processed and used to help industrial customers prevent on-site accidents and equipment damage or failure. Scope

Hartford Financial Services Group Digital Transformation Strategy Analysis 2024: Accelerators, Incubators, and Other Innovation Programs

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