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Goldman Sachs Upgrades Hartford Financial Services Group (HIG)

On March 29, 2023, Goldman Sachs will Outlook From The Hartford Financial Services Group (NYSE:HIG) neutral To buy.

Analyst price forecast suggests a 32.83% gain

Average 1 year as of March 29, 2023 price target $89.00 for Hartford Financial Services Group. Predictions range from a low of $70.70 to a high of $109.20. The average price target represents a 32.83% increase from the latest reported closing price of $67.00.

see us corporate leaderboard Maximum price target upwards.

The Hartford Financial Services Group expects annual revenues of $24,221 million, an increase of 8.34%. Projected annual non-GAAP EPS
is $8.56.

Hartford Financial Services Group Declares Dividend of $0.42

On February 22, 2023, the company will regular quarterly dividend $0.42 per share ($1.70 annualized). Shareholders of record on March 6, 2023 will receive payment on April 4, 2023. Previously, the company paid him $0.42 per share.

At the current price of $67.00 / share, this stock has a dividend yield of 2.54%. Looking back over five years and taking a weekly sample, the average dividend yield was 2.42%, with his lowest at 1.86% and highest at 4.23%. The standard deviation of yield is 0.47 (n=236).

The current dividend yield is 0.25 standard deviations above its historical average.

The company’s dividend payout ratio is 0.29 times. The payout ratio indicates how much of a company’s profits is paid out as dividends. A payout ratio of 1 (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above 1 means the company is steeped in savings to sustain its dividend. This is not a healthy situation. A company with little growth prospects would be expected to pay the majority of its income in dividends. This usually means a payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain some profits to invest in those growth prospects. This translates to a payout ratio of zero to 0.5.

The company’s three-year dividend growth rate is 0.31%, indicating that it has been increasing its dividend for a long time.

What do major shareholders do?

Price T Rowe Associates
It holds 24,773K shares representing a 7.91% ownership interest in the company. In previous filings, the company reported he owned 19,135,000 shares.
will increase
22.76%.office

gain

Portfolio allocation at HIG increased 55.63% last quarter.

Jay Morgan Chase &
It owns 14,580,000 shares representing a 4.66% ownership interest in the company. In previous filings, the company reported he owned 15,707,000 shares.
Decrease
7.73%.office

gain

Portfolio allocation at HIG increased 4.32% last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks
It owns 9,660,000 shares representing a 3.09% ownership interest in the company. In previous filings, the company reported that it owned 9,652,000 of his shares.
will increase
0.08%.office

gain

Portfolio allocation at HIG increased 13.15% last quarter.

Invesco
It holds 8,442K shares representing a 2.70% ownership interest in the company. In previous filings, the company reported he owned 7,984,000 shares.
will increase
of 5.43%.office

gain

Portfolio allocation at HIG increased by 17.80% last quarter.

VIMSX – Vanguard Mid-Cap Index Fund Investor Shares
It owns 7,407,000 shares representing a 2.37% ownership interest in the company. In previous filings, the company reported he owned 7,448,000 shares.
Decrease
0.56%.office

gain

Portfolio allocation at HIG increased 11.83% last quarter.

What is Fund Sentiment?

there is 1684 funds or institutions reporting positions at Hartford Financial Services Group. That’s an increase of 50 owners or 3.06% over the last quarter.Portfolio average weight of all funds 0.28% dedicated to HIG, an increase of 4.29%. The total number of shares owned by institutional investors fell by 2.59% to 337,041 thousand shares in the last three months.of put/call ratio of HIG is at 1.80, indicating a bearish outlook.

Hartford Financial Services Group Background Information
(This description is provided by the company.)

Hartford is a leader in property and casualty insurance, group insurance and mutual funds. With over 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity.

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

On March 29, 2023, Goldman Sachs will Outlook From The Hartford Financial Services Group (NYSE:HIG) neutral To buy.

Analyst price forecast suggests a 32.83% gain

Average 1 year as of March 29, 2023 price target $89.00 for Hartford Financial Services Group. Predictions range from a low of $70.70 to a high of $109.20. The average price target represents a 32.83% increase from the latest reported closing price of $67.00.

see us corporate leaderboard Maximum price target upwards.

The Hartford Financial Services Group expects annual revenues of $24,221 million, an increase of 8.34%. Projected annual non-GAAP EPS
is $8.56.

Hartford Financial Services Group Declares Dividend of $0.42

On February 22, 2023, the company will regular quarterly dividend $0.42 per share ($1.70 annualized). Shareholders of record on March 6, 2023 will receive payment on April 4, 2023. Previously, the company paid him $0.42 per share.

At the current price of $67.00 / share, this stock has a dividend yield of 2.54%. Looking back over five years and taking a weekly sample, the average dividend yield was 2.42%, with his lowest at 1.86% and highest at 4.23%. The standard deviation of yield is 0.47 (n=236).

The current dividend yield is 0.25 standard deviations above its historical average.

The company’s dividend payout ratio is 0.29 times. The payout ratio indicates how much of a company’s profits is paid out as dividends. A payout ratio of 1 (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above 1 means the company is steeped in savings to sustain its dividend. This is not a healthy situation. A company with little growth prospects would be expected to pay the majority of its income in dividends. This usually means a payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain some profits to invest in those growth prospects. This translates to a payout ratio of zero to 0.5.

The company’s three-year dividend growth rate is 0.31%, indicating that it has been increasing its dividend for a long time.

What do major shareholders do?

Price T Rowe Associates
It holds 24,773K shares representing a 7.91% ownership interest in the company. In previous filings, the company reported he owned 19,135,000 shares.
will increase
22.76%.office

gain

Portfolio allocation at HIG increased 55.63% last quarter.

Jay Morgan Chase &
It owns 14,580,000 shares representing a 4.66% ownership interest in the company. In previous filings, the company reported he owned 15,707,000 shares.
Decrease
7.73%.office

gain

Portfolio allocation at HIG increased 4.32% last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks
It owns 9,660,000 shares representing a 3.09% ownership interest in the company. In previous filings, the company reported that it owned 9,652,000 of his shares.
will increase
0.08%.office

gain

Portfolio allocation at HIG increased 13.15% last quarter.

Invesco
It holds 8,442K shares representing a 2.70% ownership interest in the company. In previous filings, the company reported he owned 7,984,000 shares.
will increase
of 5.43%.office

gain

Portfolio allocation at HIG increased by 17.80% last quarter.

VIMSX – Vanguard Mid-Cap Index Fund Investor Shares
It owns 7,407,000 shares representing a 2.37% ownership interest in the company. In previous filings, the company reported he owned 7,448,000 shares.
Decrease
0.56%.office

gain

Portfolio allocation at HIG increased 11.83% last quarter.

What is Fund Sentiment?

there is 1684 funds or institutions reporting positions at Hartford Financial Services Group. That’s an increase of 50 owners or 3.06% over the last quarter.Portfolio average weight of all funds 0.28% dedicated to HIG, an increase of 4.29%. The total number of shares owned by institutional investors fell by 2.59% to 337,041 thousand shares in the last three months.of put/call ratio of HIG is at 1.80, indicating a bearish outlook.

Hartford Financial Services Group Background Information(This description is provided by the company.)

Hartford is a leader in property and casualty insurance, group insurance and mutual funds. With over 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity.

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/goldman-sachs-upgrades-hartford-financial-services-group-hig Goldman Sachs Upgrades Hartford Financial Services Group (HIG)

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