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

Zacks07-06

Shares of The Hartford Financial Services Group, Inc. HIG have gained 37.6% in the past year compared with the industry’s 24.4% growth. The Finance sector and the S&P 500 composite index increased 22%...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2449791215?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/HXq8qbczvEgY_mgFoBdYwQ--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/5e3463114a5e85713272fa6b2be1c546","is_english":true,"pubTime":"2024-07-06 00:49","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2449791215","market":"us","top_or_hot":-1,"title":"Hartford Financial (HIG) Up 40% in Past Year: What Lies Ahead?","media":"Zacks","content":"<div>\n<p>Shares of The Hartford Financial Services Group, Inc. HIG have gained 37.6% in the past year compared with the industry’s 24.4% growth. The Finance sector and the S&P 500 composite index increased 22%...</p>\n\n<a href=\"https://finance.yahoo.com/news/hartford-financial-hig-40-past-164900539.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hartford Financial (HIG) Up 40% in Past Year: What Lies Ahead?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHartford Financial (HIG) Up 40% in Past Year: What Lies Ahead?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-06 00:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/hartford-financial-hig-40-past-164900539.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of The Hartford Financial Services Group, Inc. HIG have gained 37.6% in the past year compared with the industry’s 24.4% growth. The Finance sector and the S&P 500 composite index increased 22%...</p>\n\n<a href=\"https://finance.yahoo.com/news/hartford-financial-hig-40-past-164900539.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HIG","symbol_name":"哈特福德金融","start_time":0,"source_url":"https://finance.yahoo.com/news/hartford-financial-hig-40-past-164900539.html","article_id":"2449791215","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/HXq8qbczvEgY_mgFoBdYwQ--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/5e3463114a5e85713272fa6b2be1c546"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2449791215","pubTimestamp":1720198140,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Shares of The Hartford Financial Services Group, Inc. HIG have gained 37.6% in the past year compared with the industry’s 24.4% growth. The Finance sector and the S&P 500 composite index increased 22% and 26.6%, respectively, in the same time frame. With a market capitalization of $29.5 billion, the average volume of shares traded in the last three months was 1.6 million.Hartford Financial's robust Commercial Lines segment drives premium growth, complemented by strong Group Benefits performance. Cost-cutting efforts and capital deployment enhance HIG's financial stability.The insurer, with a Zacks Rank #3 , has a decent track record of beating estimates in three of the trailing four quarters and missing the mark once, the average surprise being 10.85%. Return-on-equity of HIG, which underlines growth potential, is 20.6%, as of Mar 31, 2024, higher than the industry average of 14.1%.The Zacks Consensus Estimate for Hartford Financial’s 2024 earnings is pegged at $9.88 per share, which i","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HIG":"哈特福德金融","BK4107":"财产与意外伤害保险","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4588":"碎股","RLI":"RLI保险","BK4117":"多元化保险","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","HCI":"HCI集团","SKWD":"SKYWARD SPECIALTY INS GROUP INC","BK4585":"ETF&股票定投概念"},"translate_title":"哈特福德金融(HIG)去年上涨40%：未来会怎样？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HCI":1,"HIG":1,"RLI":1,"SKWD":1},"content_text":"Shares of The Hartford Financial Services Group, Inc. HIG have gained 37.6% in the past year compared with the industry’s 24.4% growth. The Finance sector and the S&P 500 composite index increased 22% and 26.6%, respectively, in the same time frame. With a market capitalization of $29.5 billion, the average volume of shares traded in the last three months was 1.6 million.\nHartford Financial's robust Commercial Lines segment drives premium growth, complemented by strong Group Benefits performance. Cost-cutting efforts and capital deployment enhance HIG's financial stability.\nThe insurer, with a Zacks Rank #3 (Hold), has a decent track record of beating estimates in three of the trailing four quarters and missing the mark once, the average surprise being 10.85%. Return-on-equity of HIG, which underlines growth potential, is 20.6%, as of Mar 31, 2024, higher than the industry average of 14.1%.\nImage Source: Zacks Investment Research\nCan HIG Retain the Momentum?\nThe Zacks Consensus Estimate for Hartford Financial’s 2024 earnings is pegged at $9.88 per share, which implies 11.3% growth from the year-ago reported figure. The consensus mark for revenues is $18.1 billion, which indicates an improvement of 9.7% from the year-ago figure.\nThe consensus estimate for 2025 earnings is pegged at $11.36 per share, which implies 14.9% growth from the 2024 estimate. The consensus mark for revenues is $19.8 billion, which indicates an improvement of 9% from the 2024 estimate.\nHartford Financial's premiums continue to benefit from the robust performance of its Commercial Lines segment, driven by consistent rate increases, exposure growth, new business generation and strong retention rates. Core premiums of the unit rose 25% year over year in the first quarter.\nGrowing premiums are advantageous for HIG as they constitute a significant portion of its revenues. Although the company faces challenges from catastrophe losses, these frequent losses increase the policy renewal rate, thus maintaining the flow of premiums.\nThe Group Benefits business of HIG also shows strong performance, with improved fully insured ongoing premiums supported by strong group disability sales and solid enrollment. The segment's core earnings advanced 19% year over year in the first quarter.\nHartford Financial pursues inorganic growth through strategic acquisitions, thereby enhancing its capabilities. The company also focuses on divesting underperforming businesses to sharpen its focus on U.S. operations. Additionally, restructuring initiatives aimed at cost-cutting are expected to support margins in the future. The Hartford Next initiative achieved cumulative savings exceeding the target of $625 million in 2023.\nHartford Financial's strong financial position enables it to strategically deploy capital through share buybacks and dividend payments. It had a cash balance of $274 million as of Mar 31, 2024, which more than doubled from the 2023-end level.\nHIG boasts an impressive VGM Score of A. VGM Score helps identify stocks with the most attractive value, the best growth and the most promising momentum.\nStocks to Consider\nSome better-ranked stocks in the insurance space are HCI Group, Inc. HCI, Skyward Specialty Insurance Group, Inc. SKWD and RLI Corp. RLI. While HCI Group sports a Zacks Rank #1 (Strong Buy), Skyward Specialty and RLI carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.\nHCI Group’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 139.15%. The consensus estimate for HCI’s 2024 earnings indicates an improvement of 57.6% while the same for revenues implies 40.9% growth from the corresponding 2023 reported figures.    \nThe consensus estimate for HCI’s earnings has moved 13.1% north in the past 60 days. Shares of HCI Group have gained 50.7% in the past year.\nSkyward Specialty’s bottom line outpaced estimates in each of the trailing four quarters, the average surprise being 30.45%. The Zacks Consensus Estimate for SKWD’s 2024 earnings indicates an improvement of 31.8% while the same for revenues implies 25.8% growth from the corresponding 2023 figures.    \nThe consensus estimate for SKWD’s earnings has moved 3% north in the past 60 days. Shares of Skyward Specialty have gained 37.2% in the past year.\nRLI’s earnings surpassed the Zacks Consensus Estimate in three of the last four quarters and missed the mark once, the average beat being 132.39%. The consensus estimate for RLI’s earnings indicates an improvement of 18.4% while the same for revenues implies 15.6% growth from the corresponding 2023 figures.   \nThe consensus estimate for RLI’s earnings has moved 1.9% north in the past 60 days. Shares of RLI have gained 1.2% in the past year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nThe Hartford Financial Services Group, Inc. (HIG) : Free Stock Analysis Report\nRLI Corp. (RLI) : Free Stock Analysis Report\nHCI Group, Inc. (HCI) : Free Stock Analysis Report\nSkyward Specialty Insurance Group, Inc. (SKWD) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2449791215"}