The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States, the United Kingdom, continental Europe, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages 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 channel 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 a single-company leave management solution. This segment distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Its Hartford Funds segment offers investment products for retail and retirement accounts; exchange-traded products through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust groups, and registered investment advisers; and investment management and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.
IPO Year:
Exchange: NYSE
Website: thehartford.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/4/2024 | $113.00 → $121.00 | Buy → Neutral | BofA Securities |
| 9/5/2024 | $130.00 | Equal Weight | Barclays |
| 6/28/2024 | $116.00 → $114.00 | Buy → Neutral | Citigroup |
| 1/10/2024 | $132.00 | Outperform | TD Cowen |
| 1/8/2024 | $94.00 → $91.00 | Overweight → Neutral | JP Morgan |
| 11/16/2023 | Perform | Oppenheimer | |
| 10/5/2023 | $85.00 | Hold | Deutsche Bank |
| 6/20/2023 | $71.00 | Equal-Weight | Morgan Stanley |
| 3/29/2023 | $84.00 | Neutral → Buy | Goldman |
| 1/20/2023 | $77.00 | Market Perform | BMO Capital Markets |
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Hartford Finl Servs Gr's (NYSE:HIG) short percent of float has fallen 8.06% since its last report. The company recently reported that it has 4.38 million shares sold short, which is 1.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.82 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short
B of A Securities analyst Joshua Shanker maintains Hartford Finl Servs Gr (NYSE:HIG) with a Buy and lowers the price target from $113 to $111.
12 analysts have expressed a variety of opinions on Hartford Finl Servs Gr (NYSE:HIG) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 8 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 3 0 0 2M Ago 1 0 1 0 0 3M Ago 1 1 3 0 0 Analysts have set 12-month price targets for Hartford Finl Servs Gr, revealing an average target of $109.75, a high estimate of $116.00, and a low estimate of $95.00. Surpassing the prev
JP Morgan analyst Jimmy Bhullar maintains Hartford Finl Servs Gr (NYSE:HIG) with a Neutral and raises the price target from $104 to $116.
Hartford Finl Servs Gr (NYSE:HIG) has outperformed the market over the past 15 years by 2.42% on an annualized basis producing an average annual return of 15.12%. Currently, Hartford Finl Servs Gr has a market capitalization of $29.50 billion. Buying $1000 In HIG: If an investor had bought $1000 of HIG stock 15 years ago, it would be worth $8,373.42 today based on a price of $99.75 for HIG at the time of writing. Hartford Finl Servs Gr's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benz
Morgan Stanley analyst Michael Phillips maintains Hartford Finl Servs Gr (NYSE:HIG) with a Equal-Weight and lowers the price target from $109 to $107.
Hartford Finl Servs Gr's (NYSE:HIG) short percent of float has risen 10.06% since its last report. The company recently reported that it has 4.75 million shares sold short, which is 1.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.81 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short
Citigroup analyst Michael Ward downgrades Hartford Finl Servs Gr (NYSE:HIG) from Buy to Neutral and lowers the price target from $116 to $114.
RBC Capital analyst Scott Heleniak reiterates Hartford Finl Servs Gr (NYSE:HIG) with a Sector Perform and maintains $105 price target.
Hartford Finl Servs Gr (NYSE:HIG) has outperformed the market over the past 15 years by 3.02% on an annualized basis producing an average annual return of 15.61%. Currently, Hartford Finl Servs Gr has a market capitalization of $30.91 billion. Buying $1000 In HIG: If an investor had bought $1000 of HIG stock 15 years ago, it would be worth $8,637.19 today based on a price of $104.51 for HIG at the time of writing. Hartford Finl Servs Gr's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Ben
Increased quarterly common dividend per share by 11% Third quarter 2024 net income available to common stockholders of $761 million ($2.56 per diluted share) increased 18% from $645 million ($2.09 per diluted share) over the same period in 2023. Core earnings* of $752 million ($2.53 core earnings per diluted share*) increased 6% from $708 million ($2.29 core earnings per diluted share) over the same period in 2023. Net income ROE for the trailing 12 months of 20.0% and core earnings ROE* of 17.4%. Property & Casualty (P&C) written premiums rose 10% in third quarter 2024, driven by Commercial Lines and Personal Lines premium growth of 9% and 12%, respectively. Commercial Lines third
AM Best has assigned indicative Long-Term Issue Credit Ratings of "a-" (Excellent) to senior unsecured issues, "bbb+" (Good) to senior subordinated issues and "bbb" (Good) to junior subordinated and preferred stock on the recently filed shelf registration of The Hartford Financial Services Group, Inc. (The Hartford) (Delaware) (NYSE:HIG). The outlook assigned to these Credit Ratings (ratings) is positive. Concurrently, AM Best has withdrawn the ratings on the previous shelf registration that expired. All other ratings of The Hartford and its insurance subsidiaries are unchanged. The Hartford's adjusted financial leverage and earnings before interest, preferred dividends and taxes coverage
Board Authorized New $3.3 Billion Share Repurchase Program Second quarter 2024 net income available to common stockholders of $733 million ($2.44 per diluted share) increased 35% from $542 million ($1.73 per diluted share) over the same period in 2023. Core earnings* of $750 million ($2.50 core earnings per diluted share*) increased 28% from $588 million ($1.88 core earnings per diluted share) over the same period in 2023. Net income ROE of 19.8% and core earnings ROE* of 17.4%. Property & Casualty (P&C) written premiums rose 12% in second quarter 2024, driven by Commercial Lines and Personal Lines premium growth of 11% and 14%, respectively. Commercial Lines second quarter comb
The Hartford's Board of Directors declared a dividend of $0.47 per share of common stock, payable Oct. 2 to common stock shareholders of record at the close of business on Sept. 3. The board also declared a dividend of $375 on each of the shares of Series G preferred stock (equivalent to $0.375 per depository share), payable Nov. 15 to Series G preferred stock shareholders of record at the close of business on Nov. 1. About The Hartford The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More infor
The Hartford's Board of Directors declared a dividend of $0.47 per share of common stock, payable July 2 to common stock shareholders of record at the close of business on June 3. The board also declared a dividend of $375 on each of the Series G preferred stock (equivalent to $0.375 per depository share) payable Aug. 15, to Series G preferred stock shareholders of record at the close of business on Aug. 1. About The Hartford The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on t
First quarter 2024 net income available to common stockholders of $748 million ($2.47 per diluted share) increased 41% from $530 million ($1.66 per diluted share) over the same period in 2023. Core earnings* of $709 million ($2.34 core earnings per diluted share*) increased 32% from $536 million ($1.68 core earnings per diluted share) over the same period in 2023. Net income ROE of 18.5% and core earnings ROE* of 16.6%. Property & Casualty (P&C) written premiums rose 9% in first quarter 2024, driven by Commercial Lines and Personal Lines premium growth of 8% and 13%, respectively. Group Benefits fully insured ongoing premium growth of 2% in first quarter 2024. Commercial Lines fir
The Hartford's Board of Directors declared a dividend of $0.47 per share of common stock, payable April 2 to common stock shareholders of record at the close of business on March 4. The board also declared a dividend of $375 on each of the Series G preferred stock (equivalent to $0.375 per depository share) payable on May 15, to Series G preferred stock shareholders of record at the close of business on May 1. About The Hartford The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information o
Fourth quarter 2023 net income available to common stockholders of $766 million ($2.51 per diluted share) increased 30% from $587 million ($1.82 per diluted share) over the same period in 2022. Core earnings* of $935 million ($3.06 core earnings per diluted share*) increased 25% from $749 million ($2.32 core earnings per diluted share) over the same period in 2022. Full year 2023 net income available to common stockholders of $2.5 billion ($7.97 per diluted share) and core earnings of $2.8 billion ($8.88 core earnings per diluted share). Net income ROE of 17.5% and core earnings ROE* of 15.8%. Property & Casualty (P&C) written premiums rose 10% in fourth quarter and full year 2023
The Hartford's Board of Directors today declared a dividend of $375 on each of the Series G preferred stock (equivalent to $0.375 per depository share) payable on Feb. 15, 2024, to Series G preferred stock shareholders of record at the close of business on Feb. 1, 2024. About The Hartford The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com. The Hartford Financial Services Group, Inc., (NYSE:HIG
Increased quarterly common dividend per share by 11% Third quarter 2023 net income available to common stockholders of $645 million ($2.09 per diluted share) increased 93% from $334 million ($1.02 per diluted share) over the same period in 2022. Core earnings* of $708 million ($2.29 core earnings per diluted share*) increased 50% from $472 million ($1.45 core earnings per diluted share) in the prior year quarter. Net income ROE for the trailing 12 months of 17.7% and core earnings ROE* for the same period of 14.9%. Property & Casualty (P&C) written premiums rose 8% in third quarter 2023 compared with third quarter 2022, driven by both Commercial Lines and Personal Lines. Group Bene
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The Hartford today announced the appointment of Kathleen Winters to the company's board of directors, effective July 1, 2024. She will serve on the board's Finance, Investment and Risk Management Committee as well as the Audit Committee. The company also announced that Edmund Reese, who was recently named chief financial officer of Aon, resigned from The Hartford's board of directors, effective May 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240604994794/en/Kathleen Winters (Photo: Business Wire) "Having served as CFO for two large, public companies, Kathleen brings a combination of C-suite experience, deep financia
Risk analysis conducted by the newly formed National Commission on Climate and Workforce Health highlights need to bolster people, business, and economic resilience CEOs acknowledge extreme weather will be one of the most critical threats to their businesses in the next year.Yet only 17% of CEOs have invested in strategies to better protect employees from climate health risks.Exposure to more frequent extreme heat, poor air quality and unprecedented weather events directly impacts physical and mental health and exacerbates underlying chronic conditions.Extreme heat alone now generates a productivity loss of more than 295 billion work hours per year worldwide.The Commission will gather data t
The Hartford announced today Doug Elliot will retire as the company's president effective Dec. 31, following more than 11 years with the company. "Doug was instrumental in expanding the company's suite of products, developing industry-specific verticals within our property-casualty business and elevating our underwriting excellence," said The Hartford's Chairman and CEO Christopher Swift. "We sincerely thank Doug for his strong leadership and steadfast determination in transforming The Hartford over the past decade. The company is well positioned for profitable growth in the years ahead as we build on our momentum to best serve all stakeholders." Elliot oversaw the integration of The Navi
The Hartford today announced the appointment of Edmund Reese to the company's board of directors, effective Oct. 17, 2022. He will serve on the board's Finance, Investment and Risk Management Committee as well as the Audit Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220816005390/en/Edmund Reese (Photo: Business Wire) "Reese is an accomplished financial leader with deep experience in investments, strategy, operations and product launches during his time with several trusted and admired companies," said The Hartford's Chairman and CEO Christopher Swift. "He was also a driving force in the success of the consumer busin
SAN FRANCISCO, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Coalition, the world's first Active Insurance company designed to prevent digital risk before it strikes, today announced it has appointed Jim Young as Chief Financial Officer (CFO), John Littzi as General Counsel, and added Julie Richardson as board member to further accelerate the company's vision to provide security for all. The new hires and board member addition come on the heels of a $250M investment into Coalition in July, boosting the valuation of the company to $5B. "The new additions to our leadership team bring decades of experience building global technology and finance companies, and are proven leaders who will help Coalition t
BofA Securities downgraded Hartford Financial from Buy to Neutral and set a new price target of $121.00 from $113.00 previously
Barclays initiated coverage of Hartford Financial with a rating of Equal Weight and set a new price target of $130.00
Citigroup downgraded Hartford Financial from Buy to Neutral and set a new price target of $114.00 from $116.00 previously
TD Cowen initiated coverage of Hartford Financial with a rating of Outperform and set a new price target of $132.00
JP Morgan downgraded Hartford Financial from Overweight to Neutral and set a new price target of $91.00 from $94.00 previously
Oppenheimer initiated coverage of Hartford Financial with a rating of Perform
Deutsche Bank initiated coverage of Hartford Financial with a rating of Hold and set a new price target of $85.00
Morgan Stanley initiated coverage of Hartford Financial with a rating of Equal-Weight and set a new price target of $71.00
Goldman upgraded Hartford Financial from Neutral to Buy and set a new price target of $84.00
BMO Capital Markets initiated coverage of Hartford Financial with a rating of Market Perform and set a new price target of $77.00
New Long-term Capacity Agreement Combines the Established Strength of The Hartford in the Cyber Market with Coalition's Unique Approach to Helping Businesses Prevent Exposures Before They Become Disruptions The Hartford and Coalition have announced a strategic, long-term capacity partnership in response to growing customer and broker demand for Coalition's unique Active Cyber Insurance approach in the U.K. market. "We continue to capitalize on the strengths of The Hartford and our London operations, securing new opportunities to meaningfully grow our International business and footprint," said Carl Bach, Head of The Hartford's International Business. "Drawing on our deep expertise underwr
Michael Garrison named head of Wholesale and International; Rick Ciullo to lead U.S. Specialty Retail Businesses The Hartford has expanded Michael Garrison's role to include the International division, along with his current responsibilities as head of the company's U.S. wholesale organization. Additionally, Rick Ciullo was named head of Global Specialty's U.S. retail businesses. The new position broadens Ciullo's current role overseeing Bond and Credit & Political Risk to also include Environmental, Financial Lines, Ocean Marine, Livestock and related retail-focused distribution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202
Increased quarterly common dividend per share by 11% Third quarter 2024 net income available to common stockholders of $761 million ($2.56 per diluted share) increased 18% from $645 million ($2.09 per diluted share) over the same period in 2023. Core earnings* of $752 million ($2.53 core earnings per diluted share*) increased 6% from $708 million ($2.29 core earnings per diluted share) over the same period in 2023. Net income ROE for the trailing 12 months of 20.0% and core earnings ROE* of 17.4%. Property & Casualty (P&C) written premiums rose 10% in third quarter 2024, driven by Commercial Lines and Personal Lines premium growth of 9% and 12%, respectively. Commercial Lines third
AM Best has assigned indicative Long-Term Issue Credit Ratings of "a-" (Excellent) to senior unsecured issues, "bbb+" (Good) to senior subordinated issues and "bbb" (Good) to junior subordinated and preferred stock on the recently filed shelf registration of The Hartford Financial Services Group, Inc. (The Hartford) (Delaware) (NYSE:HIG). The outlook assigned to these Credit Ratings (ratings) is positive. Concurrently, AM Best has withdrawn the ratings on the previous shelf registration that expired. All other ratings of The Hartford and its insurance subsidiaries are unchanged. The Hartford's adjusted financial leverage and earnings before interest, preferred dividends and taxes coverage
New tool helps U.S. workers better understand their benefits and plan for their leave before submitting a claim Employer absence dashboard provides timely holistic view into employee absences to help manage productivity and identify absence trends The Hartford, a leading provider of employee benefits and absence management services, is launching two new technology resources designed to guide U.S. workers through the leave experience, and provide employers with insights into their employees' absences. These new tools – Leave LensSM and the Absence Dashboard – are part of The Hartford's continued effort to help employers and their employees navigate the complexities of leave planning and
Board Authorized New $3.3 Billion Share Repurchase Program Second quarter 2024 net income available to common stockholders of $733 million ($2.44 per diluted share) increased 35% from $542 million ($1.73 per diluted share) over the same period in 2023. Core earnings* of $750 million ($2.50 core earnings per diluted share*) increased 28% from $588 million ($1.88 core earnings per diluted share) over the same period in 2023. Net income ROE of 19.8% and core earnings ROE* of 17.4%. Property & Casualty (P&C) written premiums rose 12% in second quarter 2024, driven by Commercial Lines and Personal Lines premium growth of 11% and 14%, respectively. Commercial Lines second quarter comb
The Hartford's Board of Directors declared a dividend of $0.47 per share of common stock, payable Oct. 2 to common stock shareholders of record at the close of business on Sept. 3. The board also declared a dividend of $375 on each of the shares of Series G preferred stock (equivalent to $0.375 per depository share), payable Nov. 15 to Series G preferred stock shareholders of record at the close of business on Nov. 1. About The Hartford The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More infor
Company names Michael Fish head of Group Benefits and H. Clay Bassett Jr. global chief underwriting officer and head of reinsurance The Hartford appointed Michael Fish head of Group Benefits succeeding Jonathan Bennett, who will retire at the end of 2024 after 25 years with the company. Fish, who is currently chief operating officer for Group Benefits, will report directly to The Hartford's Chairman and CEO Christopher Swift. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240709456208/en/Michael Fish (Photo: Business Wire) In addition, H. Clay Bassett Jr. was named global chief underwriting officer and head of reinsurance, suc
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Long-Term ICR of "a-" (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IR) of The Hartford Financial Services Group, Inc. (The Hartford) (Delaware) (NYSE:HIG), which is the ultimate parent of the companies hereinafter mentioned. AM Best also has revised the outlooks to positive from stable for the Long-Term ICR and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of "aa-" (Superior) of Hartford Fire Insurance Company (Hartford, CT) and its pooling subsidiaries and affiliates, as well as Hartford Life and Accident I
Despite higher levels of burnout and disproportionate mental health challenges, Generation Z workers are most likely to value connections with coworkers and feel optimistic about their financial futures Amid a surge of new responsibilities, employers are doing their best to meet the needs of their employees, but challenges remain The Hartford's fifth annual Future of Benefits Study, released today, reveals different generational perspectives about workplace productivity, employee benefits, personal finances, mental health, and paid leave as more Gen Z workers (zoomers) enter the workforce and many baby boomers retire. Gen Z experiences higher levels of burnout and disproportionate me