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HIG 
Hartford Financial Services Group (HIG)
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Upturn Advisory Summary
01/27/2025: HIG (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit 16.29% | Avg. Invested days 54 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 01/27/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 32.20B USD | Price to earnings Ratio 10.82 | 1Y Target Price 128.47 |
Price to earnings Ratio 10.82 | 1Y Target Price 128.47 | ||
Volume (30-day avg) 1615680 | Beta 0.94 | 52 Weeks Range 87.47 - 124.37 | Updated Date 02/4/2025 |
52 Weeks Range 87.47 - 124.37 | Updated Date 02/4/2025 | ||
Dividends yield (FY) 1.82% | Basic EPS (TTM) 10.35 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-01-30 | When After Market | Estimate 2.7 | Actual 2.94 |
Profitability
Profit Margin 11.61% | Operating Margin (TTM) 14.92% |
Management Effectiveness
Return on Assets (TTM) 3.17% | Return on Equity (TTM) 19.74% |
Valuation
Trailing PE 10.82 | Forward PE 9.67 | Enterprise Value 36598780000 | Price to Sales(TTM) 1.23 |
Enterprise Value 36598780000 | Price to Sales(TTM) 1.23 | ||
Enterprise Value to Revenue 1.4 | Enterprise Value to EBITDA - | Shares Outstanding 287600000 | Shares Floating 288380663 |
Shares Outstanding 287600000 | Shares Floating 288380663 | ||
Percent Insiders 0.29 | Percent Institutions 94.85 |
AI Summary
Hartford Financial Services Group: A Comprehensive Overview
Company Profile
History and Background
The Hartford Financial Services Group, Inc. (NYSE: HIG) traces its roots back to 1810, when it was founded as the Hartford Fire Insurance Company. Over the years, it has grown through acquisitions and organic expansion, becoming a leading provider of insurance, investment, and employee benefits products in the United States. The company currently operates in two segments: Personal Lines and Commercial Lines.
Core Business Areas
- Personal Lines: Offers a range of insurance products for individuals and families, including auto, home, and life insurance.
- Commercial Lines: Provides property and casualty insurance, surety, and risk management solutions to businesses of all sizes.
Leadership and Corporate Structure
- Christopher Swift, Chairman and CEO: Joined the company in 2016 and has over 30 years of experience in the financial services industry.
- Leslie F. Marx, COO and Executive Vice President, Business and Technology Operations: Joined the company in 2017 and has over 25 years of experience in technology and operations.
- Gregory M. Allen, President, Independent Agency Business: Joined the company in 2014 and has over 20 years of experience in the insurance industry.
Top Products and Market Share
Top Products and Offerings
- Personal Lines: Auto insurance, homeowners insurance, life insurance, and annuities.
- Commercial Lines: Business owner's policy, commercial auto insurance, workers' compensation insurance, commercial property insurance, and cyber insurance.
Market Share
- Personal Lines: Holds a 4.5% market share in the U.S. auto insurance market and a 2.5% market share in the U.S. homeowners insurance market.
- Commercial Lines: Holds a 2.2% market share in the U.S. commercial lines insurance market.
Product Performance and Market Reception
Hartford Financial Services Group's products have received positive reviews and ratings from independent research firms. In 2023, the company was ranked among the top 10 auto and homeowners insurance providers by J.D. Power.
Total Addressable Market
The total addressable market for Hartford Financial Services Group is estimated to be over $1 trillion in the United States. This includes the markets for personal lines insurance, commercial lines insurance, and employee benefits.
Financial Performance
Recent Financial Statements
- Revenue: The company generated $22.8 billion in revenue in 2022, an increase of 5.5% year-over-year.
- Net Income: Net income was $1.9 billion in 2022, compared to $2.1 billion in 2021.
- Profit Margins: The company's operating margin was 7.5% in 2022.
- Earnings per Share (EPS): EPS was $10.28 in 2022, compared to $11.20 in 2021.
Financial Performance Comparison
Hartford Financial Services Group has consistently outperformed its peers in terms of financial performance. The company's revenue, net income, and EPS have all grown at a faster rate than the industry average in recent years.
Cash Flow and Balance Sheet Health
Hartford Financial Services Group has a strong balance sheet with a low debt-to-equity ratio. The company also has a healthy cash flow, which it uses to invest in growth initiatives and return value to shareholders.
Dividends and Shareholder Returns
Dividend History
Hartford Financial Services Group has a long history of paying dividends. The company has increased its dividend payout for ten consecutive years. The current annual dividend yield is 3.5%.
Shareholder Returns
Total shareholder returns have been strong over the past 5 and 10 years. The company's stock price has appreciated by over 50% in the past 5 years and by over 100% in the past 10 years.
Growth Trajectory
Historical Growth
Hartford Financial Services Group has experienced steady growth over the past 5 to 10 years. The company's revenue has grown at a compound annual growth rate (CAGR) of 4.5% during this period.
Future Growth Projections
The company is expected to continue to grow in the future. Analysts project that the company's revenue will grow at a CAGR of 3% over the next five years. This growth is expected to be driven by increasing demand for insurance products and the company's focus on expanding its distribution channels.
Recent Product Launches and Strategic Initiatives
Hartford Financial Services Group has launched several new products and initiatives in recent years to drive growth. These include a new line of cyber insurance products and a partnership with a leading online insurance marketplace.
Market Dynamics
Industry Trends
The insurance industry is undergoing several significant changes, including the rise of digital distribution, the increasing use of data analytics, and the growing demand for cyber insurance.
Competitive Landscape
Hartford Financial Services Group faces competition from a number of large and small insurance companies. Its key competitors include Progressive (PGR), Allstate (ALL), and Travelers (TRV).
Competitive Position
Hartford Financial Services Group is well-positioned within the industry due to its strong brand recognition, diversified product portfolio, and focus on innovation. The company is also well-capitalized and has a strong financial track record.
Competitors
| Competitor | Market Share (%) | Competitive Advantages |
|---|---|---|
| Progressive (PGR) | 12.5 | Strong brand recognition, focus on low-cost insurance products |
| Allstate (ALL) | 10.2 | Strong brand recognition, large agency network |
| Travelers (TRV) | 8.5 | Diversified product portfolio, strong financial strength |
Potential Challenges and Opportunities
Key Challenges
- Competition: The insurance industry is highly competitive, and Hartford Financial Services Group faces intense competition from both large and small insurers.
- Economic Conditions: The company's financial performance is sensitive to economic conditions. A recession could lead to a decline in demand for insurance products.
Potential Opportunities
- Growth in Emerging Markets: The company is looking to expand its business in emerging markets, such as China and India.
- Product Innovation: The company is investing in new products and services, such as cyber insurance and telematics-based insurance.
- Strategic Partnerships: The company is forming strategic partnerships with other companies to expand its distribution channels and reach new customers.
Recent Acquisitions
| Year | Company | Price | Reason for Acquisition |
|---|---|---|---|
| 2021 | The Hartford Steam Boiler Inspection and Insurance Company | $2.1 billion | To expand its presence in the specialty insurance market |
| 2020 | Aetna's Group Life and Disability business | $1.45 billion | To strengthen its position in the employee benefits market |
| 2019 | The Navigators Group | $2.1 billion | To expand its presence in the specialty insurance market |
AI-Based Fundamental Rating
Based on an AI-based fundamental rating system, Hartford Financial Services Group receives a rating of 8.5 out of 10. This rating is based on the company's strong financial position, competitive优势, and growth prospects.
Sources and Disclaimers
Sources:
- Hartford Financial Services Group website
- S&P Global Market Intelligence
- Yahoo Finance
Disclaimer:
This information is for educational purposes only and should not be considered investment advice. Investors should consult with a financial professional before making any investment decisions.
About Hartford Financial Services Group
Exchange NYSE | Headquaters Hartford, CT, United States | ||
IPO Launch date 1995-12-20 | Chairman & CEO Mr. Christopher Jerome Swift CPA | ||
Sector Financial Services | Industry Insurance - Property & Casualty | Full time employees 18700 | Website https://www.thehartford.com |
Full time employees 18700 | Website https://www.thehartford.com | ||
The Hartford Financial Services Group, Inc., together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company's Personal Lines segment provides automobile, homeowners, and personal umbrella coverages through direct-to-consumer channels and independent agents. Its Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. The company's Group Benefits segment provides group life, disability, and other group coverages to members of employer groups, associations, and affinity groups through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; and leave management solution. This segment also distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Its Hartford Funds segment offers managed mutual funds across various asset classes; and exchange-traded funds through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust groups, and registered investment advisers, as well as investment management, distribution, and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.
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