Hartford Finl Servs Gr (NYSE:HIG) Stock, Quote.Headers.trade-ideas

Hartford Finl Servs Gr

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.

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Hartford Financial Services Group, Inc. (The) Common Stock

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Hartford Financial Services Group, Inc. (The) Depositary Shares each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series G, $0.01 par value

Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) has been analyzed by 10 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $119.0, along with a high estimate of $134.00 and a low estimate of $105.00. Observing a 6.46% increase, the current average has risen from the previous average price target of $111.78. 
<img src="https://www.benzinga.com/files/images/story/2024/1726585260_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A clear picture of Hartford Finl Servs Gr's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$134.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Alex Scott</td>
<td>Barclays</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$130.00</td>
<td>-</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$133.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$115.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$125.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$111.00</td>
<td>$113.00</td>
</tr>
<tr>
<td>Jimmy Bhullar</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$116.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Michael Phillips</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$107.00</td>
<td>$109.00</td>
</tr>
<tr>
<td>Michael Ward</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$114.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$105.00</td>
<td>$105.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Hartford Finl Servs Gr. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Hartford Finl Servs Gr compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into Hartford Finl Servs Gr's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/HIG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hartford Finl Servs Gr analyst ratings.</a>
<h2>All You Need to Know About Hartford Finl Servs Gr</h2>
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 &amp; Casualty Other Operations, Group Benefits, and Hartford Funds, as well as a Corporate category.
<h3>Hartford Finl Servs Gr: Delving into Financials</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Hartford Finl Servs Gr's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 7.44%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Hartford Finl Servs Gr's net margin is impressive, surpassing industry averages. With a net margin of 11.33%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Hartford Finl Servs Gr's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.81%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Hartford Finl Servs Gr's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.94%, the company showcases efficient use of assets and strong financial health.
Debt Management: Hartford Finl Servs Gr's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.28.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Unveiling 10 Analyst Insights On Hartford Finl Servs Gr

Wells Fargo analyst Elyse Greenspan maintains Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) with a Overweight and raises the price target from $122 to $134.

Price Target

Wells Fargo Maintains Overweight on Hartford Finl Servs Gr, Raises Price Target to $134

Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) has outperformed the market over the past 10 years by 1.02% on an annualized basis producing an average annual return of 11.81%. Currently, Hartford Finl Servs Gr has a market capitalization of $33.80 billion. 
Buying $100 In HIG: If an investor had bought $100 of HIG stock 10 years ago, it would be worth $306.97 today based on a price of $115.36 for HIG at the time of writing.
<h3>Hartford Finl Servs Gr's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726263068_0.png" alt="comp_fig" />
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 Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Hartford Finl Servs Gr Stock In The Last 10 Years

Barclays analyst Alex Scott initiates coverage on Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) with a Equal-Weight rating and announces Price Target of $130.

Initiation

Barclays Initiates Coverage On Hartford Finl Servs Gr with Equal-Weight Rating, Announces Price Target of $130

Hartford Finl Servs Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) short percent of float has risen 11.26% since its last report. The company recently reported that it has 4.25 million shares sold short, which is 1.68% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.98 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> 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 interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Hartford Finl Servs Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725479109_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hartford Finl Servs Gr has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Hartford Finl Servs Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Hartford Finl Servs Gr's peer group average for short interest as a percentage of float is 2.04%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Looking Into Hartford Finl Servs Gr's Recent Short Interest

Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) has outperformed the market over the past 10 years by 1.1% on an annualized basis producing an average annual return of 11.89%. Currently, Hartford Finl Servs Gr has a market capitalization of $33.12 billion. 
Buying $100 In HIG: If an investor had bought $100 of HIG stock 10 years ago, it would be worth $307.55 today based on a price of $113.02 for HIG at the time of writing.
<h3>Hartford Finl Servs Gr's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724767224_0.png" alt="comp_fig" />
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 Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 10 Years Ago Would Be Worth $300 Today

Hartford Finl Servs Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) short percent of float has risen 7.09% since its last report. The company recently reported that it has 3.82 million shares sold short, which is 1.51% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.31 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> 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 interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Hartford Finl Servs Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723729522_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hartford Finl Servs Gr has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Hartford Finl Servs Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Hartford Finl Servs Gr's peer group average for short interest as a percentage of float is 2.10%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(HIG) - Analyzing Hartford Finl Servs Gr's Short Interest

Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) has outperformed the market over the past 10 years by 1.41% on an annualized basis producing an average annual return of 11.93%. Currently, Hartford Finl Servs Gr has a market capitalization of $31.53 billion. 
Buying $100 In HIG: If an investor had bought $100 of HIG stock 10 years ago, it would be worth $311.01 today based on a price of $107.62 for HIG at the time of writing.
<h3>Hartford Finl Servs Gr's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723143802_0.png" alt="comp_fig" />
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 Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Hartford Finl Servs Gr 10 Years Ago Would Be Worth This Much Today

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Shares of insurance companies are trading lower amid overall weakness following concerns for recently issued US economic data.

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) with a Outperform and raises the price target from $120 to $133.

Keefe, Bruyette & Woods Maintains Outperform on Hartford Finl Servs Gr, Raises Price Target to $133

Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) has outperformed the market over the past 10 years by 1.39% on an annualized basis producing an average annual return of 12.4%. Currently, Hartford Finl Servs Gr has a market capitalization of $32.08 billion. 
Buying $100 In HIG: If an investor had bought $100 of HIG stock 10 years ago, it would be worth $318.92 today based on a price of $109.49 for HIG at the time of writing.
<h3>Hartford Finl Servs Gr's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722276165_0.png" alt="comp_fig" />
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 Benzinga's automated content engine and reviewed by an editor.

Ratings for Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) were provided by 10 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $113.0, along with a high estimate of $125.00 and a low estimate of $105.00. Witnessing a positive shift, the current average has risen by 4.05% from the previous average price target of $108.60.
<img src="https://www.benzinga.com/files/images/story/2024/1722276039_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of Hartford Finl Servs Gr by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$115.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$125.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$111.00</td>
<td>$113.00</td>
</tr>
<tr>
<td>Jimmy Bhullar</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$116.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Michael Phillips</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$107.00</td>
<td>$109.00</td>
</tr>
<tr>
<td>Michael Ward</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$114.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$105.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Alex Scott</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$111.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Jacob Kilstein</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$110.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Michael Ward</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$116.00</td>
<td>$113.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Hartford Finl Servs Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Hartford Finl Servs Gr compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Hartford Finl Servs Gr's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Hartford Finl Servs Gr's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HIG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hartford Finl Servs Gr analyst ratings.</a>
<h2>Unveiling the Story Behind Hartford Finl Servs Gr</h2>
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 &amp; Casualty Other Operations, Group Benefits, and Hartford Funds, as well as a Corporate category.
<h3>Key Indicators: Hartford Finl Servs Gr's Financial Health</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Hartford Finl Servs Gr's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 7.44%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 11.33%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Hartford Finl Servs Gr's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.81%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Hartford Finl Servs Gr's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.94%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Hartford Finl Servs Gr's debt-to-equity ratio is below the industry average at 0.28, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Hartford Finl Servs Gr: Insights From 10 Financial Analysts

RBC Capital analyst Scott Heleniak maintains Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) with a Sector Perform and raises the price target from $105 to $115.

RBC Capital Maintains Sector Perform on Hartford Finl Servs Gr, Raises Price Target to $115

Piper Sandler analyst Paul Newsome maintains Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) with a Overweight and raises the price target from $112 to $125.

Piper Sandler Maintains Overweight on Hartford Finl Servs Gr, Raises Price Target to $125

As of July 29, 2024, five stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Columbia Banking System Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>)</h3>
<ul>
<li>On July 25, Columbia Banking System reported better-than-expected second-quarter earnings results. &#8220;Our second quarter results reflect continued progress on our targeted actions to improve our financial performance and drive shareholder value,&#8221; said Clint Stein, President and CEO. The company's stock gained around 36% over the past month and has a <a href="https://www.benzinga.com/quote/COLB">52-week high of $27.94</a>.</li>
<li>RSI Value: 86.63&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>COLB Price Action: Shares of Columbia Banking System gained 11.6% to close at $26.99 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Hartford Financial Services Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>)</h3>
<ul>
<li>On July 25, Hartford Financial reported better-than-expected second-quarter earnings results. &#8220;The Hartford&#8217;s second quarter 2024 financial results were outstanding with a trailing 12-month core earnings ROE of 17.4 percent,&#8221; said The Hartford&#8217;s Chairman and CEO Christopher Swift. The company's stock gained around 8% over the past five days and <a href="https://www.benzinga.com/quote/HIG">has a 52-week high</a> of $109.68.</li>
<li>RSI Value: 79.84</li>
<li>HIG Price Action: Shares of Hartford Financial gained 7.1% to close at $109.63 on Friday.</li>
</ul>
<h3 class="wp-block-heading">KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>)</h3>
<ul>
<li>On July 18, KeyCorp posted better-than-expected quarterly sales. Chairman and CEO, Chris Gorman said, &#8220;This was a solid quarter for Key as we continued to execute on our clearly defined path to enhanced profitability. Sequentially, net interest income grew as we benefited from fixed asset repricing and continued to grow client deposits while the pace of deposit repricing slowed.&#8221; The company's stock gained around 16% over the past month and has a <a href="https://www.benzinga.com/quote/KEY">52-week high</a> of $16.47.</li>
<li>RSI Value: 70.06</li>
<li>KEY Price Action: Shares of KeyCorp gained 2.1% to close at $16.46 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Zions Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>)</h3>
<ul>
<li>On July 22, Zions Bancorporation reported better-than-expected quarterly financial results. Harris H. Simmons, Chairman and CEO of Zions Bancorporation, commented, &#8220;Second quarter results demonstrated continued improvement in our net interest margin, effective expense management, strong credit quality as reflected in continued low loan losses, and strengthened capital.&#8221; The company's stock jumped around 21% over the past month and has a 52-week high of $53.32.</li>
<li>RSI Value: 71.11</li>
<li>ZION Price Action: Shares of Zions Bancorporation gained 1% to close at $52.29 on Monday.</li>
</ul>
<h3 class="wp-block-heading">Bank of Marin Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRC#NASDAQ">BMRC</a>)</h3>
<ul>
<li>On June 28, Keefe, Bruyette &amp; Woods analyst Wood Lay maintained Bank of Marin with an Outperform and maintained a $21 price target. The company's stock jumped around 36% over the past month and <a href="https://www.benzinga.com/quote/BMRC">has a 52-week high</a> of $22.79.</li>
<li>RSI Value: 72.99</li>
<li>BMRC Price Action: Shares of Bank of Marin Bancorp gained 1.5% to close at $22.35 on Friday.</li>
</ul>
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Hartford Financial shares are trading higher after the company reported better-than-expected Q2 earnings results. Also, the company authorized a $3B buyback program.

U.S. stocks were higher, with the Dow Jones index gaining more than 600 points on Friday.
Shares of Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) rose sharply during Friday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/07/39971341/norfolk-southern-stock-surges-on-q2-earnings-the-details">second-quarter earnings results</a>.
Norfolk Southern reported railway operating revenue of $3 billion, up 2% year-over-year. The company delivered adjusted earnings of $3.06 per share, beating analyst estimates of $2.86 per share, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Norfolk Southern shares gained 10.7% to $246.86 on Friday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Coursera, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) shares climbed 46.2% to $10.83 after the company beat second-quarter earnings estimates.</li>
<li>Everi Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVRI#NYSE">EVRI</a>) shares gained 41.1% to $12.93 after it entered an agreement to be acquired by funds managed by Apollo affiliates for $14.25 per share in cash.</li>
<li>Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) gained 36.6% to $8.66 on better-than-expected second-quarter earnings and raising FY24 outlook.</li>
<li>Liberty Broadband Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) gained 17.6% to $65.16.</li>
<li>Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) shares surged 17% to $368.65 after the company reported better-than-expected second-quarter financial results.</li>
<li>Mohawk Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>) climbed 16.5% to $156.70 following mixed second-quarter earnings.</li>
<li>Karooooo Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) rose 16% to $33.40. Karooooo announced termination of secondary public offering of ordinary shares due to market conditions.</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) gained 15% to $118.99 after better-than-expected second-quarter financial results and FY24 EPS outlook raise.</li>
<li>International Game Technology PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) jumped 13.4% to $22.86 after the company entered an agreement for its Gaming &amp; Digital business to be acquired by funds managed by affiliates of Apollo.</li>
<li>Avantor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) gained 11% to $25.32 after the company reported better-than-expected second-quarter earnings results.</li>
<li>Kinsale Capital Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNSL#NYSE">KNSL</a>) surged 9.8% to $414.28 after the company reported better-than-expected second-quarter financial results.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) gained 9.4% to $18.21.</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) gained 9% to $20.58. Viasat announced new reporting segment structure.</li>
<li>Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) shares rose 8.7% to $914.71 as the company reported better-than-expected results for the first quarter. The company said it still expects net sales to increase approximately 10% year-over-year in fiscal year 2025 to $4.7 billion.</li>
<li>Fortune Brands Innovations, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBIN#NYSE">FBIN</a>) gained 8.5% to $78.32 following upbeat earnings.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) rose 8.1% to $1,735.99 after Bitcoin rose above $67,000.</li>
<li>Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) climbed 7.6% to $48.69 following strong second-quarter earnings and increased 2024 guidance.</li>
<li>Centene Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) rose 7.6% to $72.55 following better-than-expected second-quarter financial results and increased 2024 guidance.</li>
<li>PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) climbed 7.4% to $19.51.</li>
<li>Columbia Banking System, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) gained 7.4% to $25.98 after the company reported better-than-expected quarterly earnings results. Also, multiple firms raised their respective price targets on its stock.</li>
<li>Stanley Black &amp; Decker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) surged 6.9% to $95.66. Stanley Black &amp; Decker named Deborah K. Wintner Chief Human Resources Officer, Succeeding John T. Lucas, and increased quarterly dividend from 81 cents to 82 cents per share.</li>
<li>Aon plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) climbed 6.8% to $319.30 after the company reported better-than-expected quarterly revenue results.</li>
<li>The Hartford Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) gained 6.6% to $109.07 following better-than-expected quarterly earnings.</li>
<li>NOV Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOV#NYSE">NOV</a>) gained 6.1% to $19.81 following upbeat quarterly results.</li>
<li>Lamb Weston Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) gained 5.4% to $55.88.</li>
<li>Ultra Clean Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) shares rose 4.7% to $47.26 following better-than-expected quarterly results.</li>
</ul>
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Buybacks

The Hartford Board Authorizes New $3B Buyback Program

Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) reported quarterly earnings of $2.50 per share which beat the analyst consensus estimate of $2.24 by 11.61 percent. The company reported quarterly sales of $6.49 billion which missed the analyst consensus estimate of $6.57 billion by 1.30 percent. This is a 7.22 percent increase over sales of $6.05 billion the same period last year.

Earnings Beats

Earnings Misses

Hartford Finl Servs Gr Q2 2024 Adj EPS $2.50 Beats $2.24 Estimate, Sales $6.49B Miss $6.57B Estimate

Hartford Finl Servs Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) 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.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> 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 interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Hartford Finl Servs Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721315711_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hartford Finl Servs Gr has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Hartford Finl Servs Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Hartford Finl Servs Gr's peer group average for short interest as a percentage of float is 2.09%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Dividend Champion, Contender, And Challenger Highlights: Week Of August 25

The insurance industry is well-positioned for robust growth owing to evolving consumer preferences, emerging market demand, and rapid digital transformation. Thus, it could be wise to invest in quality insurance stocks Hartford Financial Services Group (HIG), Brown & Brown (BRO), and Primerica (PRI) for substantial gains. Continue reading... With strong economic growth, evolving demand among consumers, and rising adoption of digital technologies, the insurance industry is expected to experience robust growth in the coming years.
Given the industry's bright prospects, fundamentally sound insurance stocks The Hartford Financial Services Group, Inc. (<a href="https://stocknews.com/stock/HIG/">HIG</a>), Brown &amp; Brown, Inc. (<a href="https://stocknews.com/stock/BRO/">BRO</a>), and Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>) could be solid portfolio additions offering solid growth and stability.
After a slow first-quarter growth, the <a href="https://www.reuters.com/markets/us/us-economic-growth-regains-steam-second-quarter-inflation-slows-2024-07-25/">U.S. economy regained speed</a> in the second quarter with gross domestic product growth at a 2.8% annualized rate. The economy grew faster than expected with rising consumer spending, business investment and easing price pressure. Also, expectations of a September interest rate cut from the Federal Reserve signal further improvement.
This strong economic growth trajectory will likely benefit economic activities, boost consumer confidence, and benefit businesses especially in segments like insurance. The <a href="https://riskandinsurance.com/global-commercial-insurance-rates-stabilize-in-q2-2024/#:~:text=For%20the%20first%20time%20in,Market%20Index%20released%20by%20Marsh.">commercial insurance rates in the U.S. increased 1%</a>, and casualty insurance rates increased by 4% overall in the second quarter. This moderation is attributable to increased capacity, and competition among insurers.
The property and casualty insurance market is expected to grow from $2 trillion in 2024 to $3.79 trillion by 2032, exhibiting growth at a <a href="https://www.polarismarketresearch.com/industry-analysis/property-and-casualty-insurance-market">CAGR of 8.3%</a>. Technological advancements like advanced core processes, Artificial intelligence (AI) and data analytics will propel the market demand.
Further, the insurance brokers &amp; agents market is expected to reach $612.72 billion by 2028, expanding at a <a href="https://www.thebusinessresearchcompany.com/market-insights/insurance-brokers-and-agents-market-2024">CAGR of 7%</a> driven by rising demand from emerging markets.
Considering this favorable backdrop, let's assess the fundamentals of the three insurance stocks.
The Hartford Financial Services Group, Inc. (<a href="https://stocknews.com/stock/HIG/">HIG</a>)
HIG provides insurance and financial services to individual and business customers internationally. The company operates through Commercial Lines segment; Personal Lines segment; Property &amp; Casualty Other Operations segment; Group Benefits segment; and Hartford Funds segment.
HIG's revenue and EBITDA have grown at respective CAGRs of 6.1% and 5.6% over the past three years. The company's EBIT has increased 9.6% over the same timeframe, while its net income and EPS have improved at CAGRs of 10.7% and 17.3%, respectively.
On July 17, HIG's Board of Directors declared a dividend of $0.47 per share of common stock, payable on October 2 to common stock shareholders of record at the close of business on September 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 on November 15 to Series G preferred stock shareholders of record at the close of business on November 1.
HIG pays an annual dividend of $1.88, which translates to a yield of 1.62% at the current share price. Its four-year average dividend yield is 2.21%. Moreover, the company's dividend payouts have increased at a CAGR of 10.8% over the past three years. HIG has raised its dividends for 11 consecutive years.
During the second quarter that ended June 30, 2024, HIG's total <a href="https://www.investopedia.com/terms/r/revenue.asp">revenues</a> increased 8.5% year-over-year to $3.48 billion. The company's core earnings came in at $750 million and $2.50 per share, indicating growths of 27.5% and 33% from the prior year's quarter, respectively.
In addition, the company's book value per share rose 15.7% over the prior-year quarter to $51.43.
Analysts expect HIG's revenue for the third quarter (ending September 2024) to increase 8.5% year-over-year to $6.69 billion, while its EPS is expected to grow 10.2% year-over-year to $2.52. Further, the company has surpassed the consensus EPS estimates in three of the trailing four quarters.
Over the past six months, HIG's stock has gained 21.2% and 60.7% over the past year to close the last trading session at $116.15. It has a beta of 0.92.
HIG's bright outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Momentum and a B for Growth and Stability. Within the A-rated <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance – Property &amp; Casualty</a> industry, HIG is ranked #23 among 55 stocks.
<a href="https://stocknews.com/stock/HIG/">Click here</a> to access additional ratings of HIG (Value, Sentiment, and Quality).
Brown &amp; Brown, Inc. (<a href="https://stocknews.com/stock/BRO/">BRO</a>)
BRO markets and sells insurance products and services internationally. It operates in four segments: Retail; National Programs; Wholesale Brokerage; and Services. The company provides property and casualty, employee benefits insurance products, personal insurance products, and specialties insurance products.
BRO's revenue and EBITDA have grown at CAGRs of 15.9% and 17.7% over the past three years, respectively. The company's EBIT has increased 18.5% over the same time frame, while its net income and EPS have improved at respective CAGRs of 20.4% and 20.1%, respectively.
On July 29, BRO entered into an agreement to acquire the Quintes insurance operations, one of the largest independent insurance brokers in the Netherlands. The transaction is expected to close in the fourth quarter of 2024. The strategic acquisition aligns well with BRO and will expand its international footprint and broaden the global capabilities scope.
For the second quarter that ended June 30, 2024, BRO's total revenues rose 12.5% year-over-year to $1.18 billion. Its income before income taxes grew 36.2% from the year-ago value to $346 million. The company's net income attributable to the company was $257 million and $0.90 per share, up 35.3% and 34.3% year-over-year, respectively.
In addition, the company's adjusted EBITDAC came in at $420 million, an increase of 17.3% from the previous year's quarter.
Street expects BRO's revenue and EPS for the third quarter (ending September 2024) to increase 8.9% and 22.2% year-over-year to $1.16 billion and $0.87, respectively. Furthermore, the company topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Over the past six months, the stock has gained 24.3% and 42% over the past year to close the last trading session at $104.65. It has a beta of 0.82.
BRO's sound fundamentals are reflected in its POWR Ratings. The stock has an overall grade of B, equating to a Buy in our proprietary rating system.
BRO has an A grade for Momentum. It also has a B grade for Growth, Sentiment, Quality, and Stability. The stock is ranked #2 out of 13 stocks within the <a href="https://stocknews.com/category/insurance-brokers/">Insurance - Brokers</a> industry.
To see the other ratings of BRO, <a href="https://stocknews.com/stock/BRO/">click here</a>.
Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>)
PRI provides financial products and services to middle-income households. The company operates through four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.
PRI's trailing-12-month gross profit and EBIT margins of 66.52% and 30.40% are 10.4% and 31.2% higher than the respective industry averages of 60.24% and 23.16%. Likewise, the stock's trailing-12-month levered FCF margin of 32.83% is 84.2% higher than the industry average of 17.83%.
Over the past three years, PRI's revenue and EBITDA have grown at CAGRs of 6.5% and 11.7%, respectively. The company's EBIT has increased 11.7% over the same time frame, while its normalized net income and EPS have improved at respective CAGRs of 13.2% and 4.5%, respectively.
During the second quarter that ended June 30, 2024, PRI's total revenues increased 16.7% year-over-year to $803.37 million and its total adjusted operating income before income taxes grew 11.6% year-over-year to $212.14 million. The company's adjusted net operating income and adjusted EPS came in at $162.75 million, and $4.71, up 11.9% and 18% from the prior year's quarter, respectively.
Analysts expect PRI's revenue and EPS for the third quarter (ending September 2024) to grow 4.2% and 10.6% year-over-year to $740.69 million and $4.73, respectively. Moreover, the company has exceeded the consensus revenue estimates in all four trailing quarters, which is remarkable.
Shares of PRI have surged 6.7% over the past six months and 30.4% over the past year to close the last trading session at $216.57. It has a 24-month beta of 0.69.
PRI's POWR Ratings reflect its solid prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
PRI has an A grade for Momentum and a B grade for Growth, Sentiment, and Stability. It is ranked #11 among 26 stocks in the B-rated <a href="https://stocknews.com/category/life-insurance/">Insurance - Life</a> industry.
In addition to the POWR Ratings highlighted above, you can check PRI's ratings for Value and Quality <a href="https://stocknews.com/stock/PRI/">here</a>.
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HIG shares were trading at $115.84 per share on Friday morning, down $0.31 (-0.27%). Year-to-date, HIG has gained 45.49%, versus a 18.57% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/hig-bro-pri-3-insurance-stocks-that-offer-growth-and-stability/>3 Insurance Stocks That Offer Growth and Stability</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Insurance Stocks That Offer Growth and Stability

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Press Releases

The Hartford To Host Virtual Annual Meeting Of Shareholders On May 15

The Hartford Declares Quarterly Dividends Of $0.47 Per Share Of Common Stock And $375 Per Share Of Series G Preferred Stock

The Hartford Introduces New Mental Health Resource For Its Group Benefits Customers In The Health Care Industry

The Hartford Appoints Kathleen Winters To Its Board Of Directors

The Hartford's Future of Benefits Study: Generational Perspectives On The Workplace From Boomers to Zoomers

AM Best Revises Issuer Credit Rating Outlook to Positive for The Hartford Financial Services Group, Inc. and Its Subsidiaries

The Hartford Announces Leadership Successions

The Hartford Announces Outstanding Second Quarter 2024 Financial Performance

The Hartford And Active Minds Collaborate To Bring Mental Health Exhibit To U.S. College Campuses

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