0.67%
4.57%
1.37%
2.22%
30.39%
58.98%
91.97%
AI Spotlight on HIG
Company Description
The Hartford Financial Services Group, Inc.provides insurance and financial services to individual and business customers in the United States, the United Kingdom, 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.
Market Data
| Last Price | 114.26 |
| Change Percentage | 0.67% |
| Open | 114.3 |
| Previous Close | 113.5 |
| Market Cap ( Millions) | 33123 |
| Volume | 1546023 |
| Year High | 124.9 |
| Year Low | 85.34 |
| M A 50 | 113.66 |
| M A 200 | 109.21 |
Financial Ratios
| FCF Yield | 16.38% |
| Dividend Yield | 1.69% |
| ROE | 19.09% |
| Debt / Equity | 25.66% |
| Net Debt / EBIDTA | 89.04% |
| Price To Book | 1.97 |
| Price Earnings Ratio | 11.04 |
| Price To FCF | 6.1 |
| Price To sales | 1.27 |
| EV / EBITDA | 8.01 |
News
- Jan -27 - Will Rising Costs Dampen Hartford Financial's Q4 Earnings Growth?
- Jan -16 - Insurance Fallout Of The California Fires
- Jan -09 - The Hartford Announces Appointment Of A. Morris ‘Mo' Tooker As Company President
- Jan -08 - Up 30% Last Year, What's Next For Travelers Stock?
- Jan -08 - What's Happening With Hartford Stock?
- Jan -02 - Compelling Reasons to Hold on to Hartford Financial Stock for Now
- Dec -30 - 5 High ROE Stocks to Buy With Markets Likely to Wrap Up on a High
- Dec -12 - Hartford Financial, Workday Unite to Enhance Employee Benefit Solutions
- Dec -11 - The Hartford Expands Partnership With Workday To Provide Simpler, More Personalized Wellness Experiences
- Dec -02 - Hartford Financial Shares Near 52-Week High: How to Play the Stock
- Nov -29 - 5 Multiline Insurers to Watch as Exposure Rises, Pricing Moderates
- Nov -28 - 14 Upcoming Dividend Increases, Including A King
- Oct -30 - The Hartford: A Safe Insurer To Keep Buying As Indicators Show Growth & Low Debt
- Oct -28 - The Hartford Announces New Leadership Appointments In Global Specialty
- Oct -25 - The Hartford Financial Services Group, Inc. (HIG) Q3 2024 Earnings Call Transcript
- Oct -25 - Hartford Financial Q3 Earnings Beat on Personal Lines Growth
- Oct -24 - The Hartford (HIG) Reports Q3 Earnings: What Key Metrics Have to Say
- Oct -24 - Hartford Financial third-quarter profit rises on underwriting gains, investment income
- Oct -24 - The Hartford Announces Excellent Third Quarter 2024 Financial Performance
- Oct -21 - Will Strong Commercial Lines Aid Hartford Financial's Q3 Earnings?
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Commercial Lines
Expected Growth : 3.5 %
What the company do ?
Commercial Lines from The Hartford Financial Services Group, Inc. offers a range of insurance products and services to businesses, including workers' compensation, liability, and property insurance.
Why we expect these perspectives ?
The Hartford's Commercial Lines segment growth of 3.5% is driven by increased demand for workers' compensation and commercial auto insurance, expansion into new markets, and strategic partnerships. Additionally, investments in digital capabilities and data analytics have improved underwriting efficiency and enhanced customer experience, contributing to premium growth.
Segment n°2 -> Group Benefits
Expected Growth : 3.2 %
What the company do ?
Group Benefits from The Hartford Financial Services Group, Inc. provides employee benefits, including life, disability, and voluntary benefits, to help employers attract and retain top talent.
Why we expect these perspectives ?
The Hartford's Group Benefits segment growth of 3.2% is driven by increasing demand for employee benefits, expansion of voluntary benefits offerings, and strategic partnerships. Additionally, the rise of the gig economy and growing need for benefits administration outsourcing contribute to the segment's growth.
Segment n°3 -> Personal Lines
Expected Growth : 3.8 %
What the company do ?
Personal Lines from The Hartford Financial Services Group, Inc. offers home and auto insurance products to individuals and families, providing financial protection and peace of mind.
Why we expect these perspectives ?
The Hartford's Personal Lines segment growth of 3.8% is driven by increased adoption of telematics-based insurance products, expansion of agent distribution channels, and strategic partnerships. Additionally, favorable underwriting results, improved pricing, and a strong brand reputation contribute to the segment's growth.
Segment n°4 -> Hartford Funds
Expected Growth : 4.2 %
What the company do ?
Hartford Funds, a subsidiary of The Hartford Financial Services Group, Inc., offers a range of investment products and services to individual and institutional clients.
Why we expect these perspectives ?
Hartford Funds' 4.2% growth driven by strong brand recognition, diversified investment offerings, and strategic distribution partnerships. Effective asset allocation and risk management strategies also contribute to growth. Additionally, The Hartford's reputation for stability and financial strength instills investor confidence, further fueling growth.
Segment n°5 -> Reconciling Items
Expected Growth : 0.5 %
What the company do ?
Reconciling Items from The Hartford Financial Services Group, Inc. refers to the process of identifying and resolving discrepancies between internal financial records and external statements, ensuring accuracy and transparency in financial reporting.
Why we expect these perspectives ?
The Hartford Financial Services Group, Inc.'s 0.5% growth is driven by increasing premiums in its commercial and personal lines, coupled with a stable investment portfolio. Additionally, the company's focus on digital transformation and cost savings initiatives have contributed to its growth. Furthermore, a favorable regulatory environment and a strong brand reputation have also supported its growth momentum.
Segment n°6 -> Corporate
Expected Growth : 2.8 %
What the company do ?
The Hartford Financial Services Group, Inc. is a leading provider of insurance and wealth management services for individuals, families, and businesses.
Why we expect these perspectives ?
The Hartford Financial Services Group, Inc.'s Corporate segment growth of 2.8% is driven by increased commercial insurance premiums, expansion in workers' compensation and property lines, and strategic investments in digital capabilities. Additionally, a favorable economic environment, strong underwriting discipline, and effective expense management also contribute to the segment's growth.
Segment n°7 -> Property & Casualty Other Operations
Expected Growth : 3.0 %
What the company do ?
Property & Casualty Other Operations from The Hartford Financial Services Group, Inc. provides insurance products and services, including commercial and personal lines, to individuals and businesses.
Why we expect these perspectives ?
The Hartford's Property & Casualty Other Operations segment growth of 3.0% is driven by increased premiums from small commercial and personal lines, expansion of agency partnerships, and strategic investments in digital capabilities, resulting in improved underwriting profitability and enhanced customer experience.
The Hartford Financial Services Group, Inc. Products
| Product Range | What is it ? |
|---|---|
| Commercial Insurance | Provides insurance coverage for businesses, including liability, property, and workers' compensation insurance. |
| Personal Insurance | Offers insurance coverage for individuals, including auto, home, and umbrella insurance. |
| Group Benefits | Provides employee benefits, including life, disability, and voluntary benefits. |
| Mutual Funds | Offers a range of mutual funds for investors, including equity, fixed income, and asset allocation funds. |
| Annuities | Provides fixed and variable annuities to help individuals save for retirement. |
| Workers' Compensation | Offers workers' compensation insurance to help businesses manage workplace injuries and illnesses. |
| Auto and Home Insurance for AARP Members | Provides auto and home insurance specifically designed for AARP members. |
The Hartford Financial Services Group, Inc.'s Porter Forces
Threat Of Substitutes
The Hartford Financial Services Group, Inc. operates in a highly competitive industry, but the threat of substitutes is mitigated by the company's strong brand recognition and diversified product offerings.
Bargaining Power Of Customers
The Hartford Financial Services Group, Inc. has a large and diversified customer base, which reduces the bargaining power of individual customers.
Bargaining Power Of Suppliers
The Hartford Financial Services Group, Inc. relies on a network of independent agents and brokers to distribute its products, which gives them some bargaining power, but the company's scale and diversification mitigate this risk.
Threat Of New Entrants
The Hartford Financial Services Group, Inc. operates in a highly regulated industry, which creates barriers to entry for new entrants, and the company's strong brand recognition and established distribution network make it difficult for new entrants to gain traction.
Intensity Of Rivalry
The Hartford Financial Services Group, Inc. operates in a highly competitive industry, with many established players, which leads to intense rivalry and pricing pressure.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 22.15% |
| Debt Cost | 5.63% |
| Equity Weight | 77.85% |
| Equity Cost | 8.41% |
| WACC | 7.79% |
| Leverage | 28.46% |
The Hartford Financial Services Group, Inc. : Quality Control
The Hartford Financial Services Group, Inc. passed 7 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| AIG | American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, … |
| PRU | Prudential Financial, Inc., together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through eight segments: PGIM, Retirement, … |
| PNC | The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The company's Retail Banking segment offers checking, savings, and money market accounts, as … |
| MTB | M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services … |
| TFC | Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Hartford Financial Services
A-Score
1-Year Total Return ->
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Truist
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PNC Financial Services Group
A-Score
1-Year Total Return ->
4
M&T Bank
A-Score
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5
AIG
A-Score
1-Year Total Return ->
6
