How Bearish Are Investors Regarding The Hartford Financial Services Group, Inc. (NYSE:HIG)?

In the recent trading session, The Hartford Financial Services Group, Inc. (NYSE:HIG) shares lost -0.55% or -0.33 points to close at $59.43 with a thin trading volume of 1.056 million shares. It opened the trading session at $59.82, the shares rose to $59.93 and dropped to $59.13, the range by which the price of stock traded the whole session. The company now has a market cap of $21.9 billion and currently has 365.61 million outstanding shares. The Hartford Financial Services Group, Inc. (HIG) stock has plunged -2.31 percent of market value in 21 trading days.

HIG stock’s trailing 3-year beta is 0.6, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was $4.59 share in the trailing 52 weeks. The stock’s value fallen -1.66 percent year to date (YTD) compared to a rise of 35.14 percent in 52 week’s period. The firm’s shares are still trading -5.29 percent below its 1-year high of $62.75 and 35.28 percent up from 52-week low of $43.93. The average consensus ranking on the company is 2.4, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.

The Hartford Financial Services Group, Inc. (HIG) is most likely going to rise 10.94 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $73 as 12-month high price target. This represents a whopping 22.83 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $67, which means a return possibility of 12.74 percent in comparison with the closing price of the stock of $59.43 in recent trading session. The lowest price set for the stock is $57 which is just above -4.09 percent from HIG share’s price at the end of session.

Past records have indicated that shares in The Hartford Financial Services Group, Inc. rose on 21 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of HIG’s Q4 earnings on February 12. Analysts are predicting revenue to climb 12.8 percent to $5.23B in the financial fourth quarter, while EPS will soar by about 66.67 percent to $1.3 per share. In the last quarter, it’s earnings of $1.39 per share came better than the $1.3248, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $4.63B, missing the $4.73B analysts had expected. Earnings are seen to rise by 133.9 percent this year, -0.25 percent in the coming year and the trend continues by 10.35 percent every year in the next 5 years.

Let’s take a glimpse at some insider activity at The Hartford Financial Services Group, Inc. (NYSE:HIG) and observe the pattern. The earliest insider trade happened on 11/15/2019. Swift Christopher parted with a total of 30.98 thousand shares of the firm at average share price of $62. The total amount for the sale was set at $1.92 million. On completing this exchange, the Chairman and CEO account balance was 255.24 thousand shares. The stock lost -4.23 percent from that insider sale. On 11/15/2019, Bennett Jonathan R, EVP, did a sale of 22.43 thousand shares at a price of $62 per share. This got rid of 1.39 million shares from the insider’s fortune and the stock experienced a -4.23 percent retreat in price since the news became public. This exchange saw 28.79 thousand shares get out from the EVP account.

On 11/04/2019, EVP and CFO Costello Beth Ann recorded a sale transaction valued at $288.5 thousand. The sale at $57.7 a share has eliminated 5 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed 2.91 percent increase since the transaction reporting date. The company insider is left with 46.26 thousand shares remaining in the account. Robinson David C, who works as EVP and General Counsel at the company, performed a sale of 4.86 thousand shares in a transaction worth $276.11 thousand. The disposal recorded on 10/31/2019 was priced at $56.86 per share. The stock price soared 4.43 percent since the transaction. Robinson David C currently holds a stake of 4.33 thousand in HIG stock which is worth $257.35 thousand after the insider selling.

The stock is lingering around the initial support level of $59.46. After this, the following support is at the zone of $59.16. Up until the time the HIG stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 35.71 on the daily chart, and this may be a cause for comfort. In case the price goes below $59.16 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $60.34 level may cause a pull-back move approaching $60.92 mark.

The Hartford Financial Services Group, Inc. (HIG) shares are trading at a P/E ratio of 13.02 times earnings posted in the trailing 12 months. The industry HIG deals with has an average P/E of 28.3. Its P/B ratio is standing at 1.54X compared to the 1.32 industry average. It is additionally sporting a 1.09 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.29.