HIG Stock Recent News

Travelers' stock (NYSE: TRV) has gained about 30% since the start of 2024, versus the S&P 500 which remains up by 25% over the same period. In comparison, Travelers' peer, Hartford Financial (NYSE: HIG) has witnessed an even stronger performance rising by about 39% over the same period.

Hartford Financial's stock (NYSE: HIG) has gained approximately 39% since early 2024, compared to the 23% increase in the S&P500 index over the same period. In comparison, Hartford Financial's peer Travelers (NYSE: TRV) stock was up about 30% over the same period.

HIG is well-poised for growth on the back of strong contribution from its Commercial Lines and Group Benefits businesses. A strong financial position enables the prudent deployment of capital.

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned indicative Long-Term Issue Credit Ratings of “a-” (Excellent) to senior unsecured issues, “bbb+” (Good) to senior subordinated issues and “bbb” (Good) to junior subordinated and preferred stock on the recently filed shelf registration of The Hartford Financial Services Group, Inc. (The Hartford) (Delaware) [NYSE: HIG]. The outlook assigned to these Credit Ratings (ratings) is positive. Concurrently, AM Best has withdrawn the ratings on the pr.

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UPBD, HIG, ACGL, PHM and BCH are some of the stocks with high ROE to profit from as markets skid from fresh 52-week highs.

Hartford Financial: A Massive Rally, And The Earnings Story Is Still There

Hartford Financial's ROE has the potential to go higher, if the proportion of revenue contributed by the high-ROE Property & Casualty segment increases going forward. The new $3.3 billion share buyback program boosts the stock's capital return, potentially raising the forward shareholder yield to an attractive 6.4%. My 3.0 times target P/B multiple for HIG translates into a substantial capital appreciation upside of around 36% that supports a Buy rating.

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.

Hartford Financial's (HIG) quarterly earnings benefit from a strong Group Benefits and Commercial Lines performance. However, rising expenses partially offset the positives.