What Insider Buying Is Saying On The Hartford Financial Services Group, Inc. (HIG)?

At The Hartford Financial Services Group, Inc. (NYSE:HIG), the ratio of insider selling to insider buying over a quarter is running at 7. Could this be a sign something is bothering insiders? HIG recorded 7 sales count on the open market in the last three months. They sold nearly 66,301 shares while purchases amounted to zero shares that period. Looking even further back to 12 months, corporate insiders offloaded 479,305 shares when buyers snapped up 46,183 shares. The 12-month’s totals signify about a 10.38-to-1 sell/buy ratio.

Robinson David C parted with a total of 2.4 thousand shares of The Hartford Financial Services Group, Inc. (HIG) at average share price of $45.62. This insider trade in the company took place on 10/31/2018. The total for the sales was set at $109.26 thousand. After this transaction, the EVP and General Counsel account balance stood at 4.23 thousand shares. The stock lost -7.17 percent since that insider sale. On 08/01/2018, Bombara Beth Ann, EVP and CFO, sold 23.91 thousand shares at a price per share of $52.63. This removed 1.26 million shares from the insider’s fortune and the stock saw a -19.53 percent retreat in value since the news became public. This transaction left 19.13 thousand shares in the EVP and CFO account.

On 07/31/2018, EVP and General Counsel Robinson David C performed a sale transaction worth $126.65 thousand. This sale at $52.88 each has eliminated 2.4 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -19.91 percent decrease since the transaction was reported. The insider now is left with 20.14 thousand shares remaining in the account. Johnson Brion S, who performs the Executive Vice President job, sold 11.57 thousand shares for $600.55 thousand. The disposal occurred on 05/29/2018 was priced at $51.91 per share. The share price plunged -18.42 percent since the reporting date. Johnson Brion S now left with a stake of 19.03 thousand HIG stock worth $806.09 thousand after the insider selling.

The 12-month median price target for The Hartford Financial Services Group, Inc. (HIG) assigned by the analysts stands at $58, which represents a return potential of 36.95 percent when compared to the closing price of the stock of $42.35 on Thursday, December 06. The lowest price target for the stock is $47 — slightly more than 10.98 percent from HIG’s current share price. The stock will probably climb 34.33 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $64-month high price target. This represents a whopping 51.12 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 30.01 on daily chart, which may remain a cause for comfort. If the price breaks below $40.59 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $42.89 mark may result into a pull-back move towards $43.43 level. The stock is currently hovering around the first support level of $41.47. Below this, the next support is placed in the zone of $40.59. Till the time, the HIG stock trades above this level, bulls have nothing to fear.

Shares of The Hartford Financial Services Group, Inc. (HIG) are trading at a P/E ratio of 30.97 times earnings reported for the past 12 months. The industry HIG operates in has an average P/E of 28.34. Its P/E ratio went as low as 11.05X and as high as 55.18 over the 5-year span. Further, it is sporting a 0.81 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.77. 0 percent is the gross profit margin for The Hartford Financial Services Group, Inc. and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.

On 6th of December, The Hartford Financial Services Group, Inc. (NYSE:HIG) shares ended lower after a volatile session. The shares dropped -0.47 points or -1.1 percent at $42.35 with a heavy trade volume of 5.037 million shares. After opening the session at $42.44, the shares went as high as $42.55 and as low as $41.13, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $15.2 billion and now has 359.47 million shares outstanding. The Hartford Financial Services Group, Inc. (HIG) stock has lost -6.9 percent of market value in 21 trading days.

In last reported earnings results, HIG earned $1.15 per share, better than the $1.06, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $4.84B, better than the $4.71B analysts expected. Earnings are estimated to increase by 8.9 percent this year, 6.06 percent next year and continue to increase by 20.14 percent annually for the next 5 years. Investors will get their next glimpse of HIG’s Q4 earnings on February 11. Analysts are forecasting revenue to climb 4.5 percent to $4.74B in the next fiscal quarter, while earnings are seen soaring by nearly 11.11 percent to $0.9 per share. History has shown that shares in The Hartford Financial Services Group, Inc. have gone down on 18 different earnings reaction days and are predicted to add 0.03 percent when the company reports upcoming earnings.

HIG stock has a trailing 3-year beta of 0.92, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $4.44 a share in the trailing twelve months. The stock’s value has fallen -24.75 percent year to date (YTD) against a decline of -22.49 percent in 12 month’s time. The company’s shares still trade -28.46 percent away from its 1-year high of $59.20 and -0.89 percent down from 52-week low of $42.73. The average consensus rating on the company is 2.4, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.