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Hartford Financial's (HIG) quarterly results suffer from elevated loss trends in homeowners and auto business. Higher earned premium growth partially offset the negatives.
While the top- and bottom-line numbers for The Hartford (HIG) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Hartford Financial's (HIG) Q1 results are likely to benefit from new business growth and expanding margins in the Commercial Lines unit, partly offset by the poor performance of the auto business.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Hartford Financial (HIG) collaborates with Active Minds to provide a mental health guide to employees.
The new appointment for its Middle & Large Commercial sub-segment's Northeastern operations and a larger role for its CIO are positive developments, in my opinion. HIG reports its Q1 2024 earnings in the later part of this month, and I am expecting the company to deliver in-line or above-expectation results.
Hartford Financial (HIG) remains well-poised for growth on the back of a strong Commercial Lines business, cost savings derived from the Hartford Next initiative and sound cash balance.
Hartford Financial's stock (NYSE: HIG) has gained approximately 19% YTD as compared to the 6% rise in the S&P500 index over the same period. Further, at the current price of $96 per share, it is trading 6% below its fair value of $102 – Trefis' estimate for Hartford Financial's valuation.
Hartford Financial (HIG) collaborates with Origin to provide financial education tools to U.S. employees.
Hartford Financial's (HIG) Q4 results reflect strong contributions from the Commercial Lines and Group Benefits businesses. However, escalating expenses acted as a partial offset.