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Hartford Financial Services (HIG)

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

Company profile

Ticker
HIG, HIG-PG
Exchange
NYSE
Website
www.thehartford.com
CEO
Christopher Swift
Employees
Incorporated
Delaware
Location
Connecticut
Fiscal year end
Dec 31
Sector
Finance and Insurance > Third Party Administration of Insurance and Pension Funds
Industry (SIC)
Fire, Marine & Casualty Insurance
Berkshire Hathaway • American International • Allstate Corp (The) • Travelers Companies • Chubb Limited • Loews • CNA Financial • American Financial • Progressive • Alleghany ...
Former names
HARTFORD FINANCIAL SERVICES GROUP INC/DE, ITT HARTFORD GROUP INC /DE
SEC CIK
0000874766
Corporate docs
Subsidiaries
1stAgChoice, Inc. • Access CoverageCorp, Inc. • Access CoverageCorp Technologies, Inc. • Business Management Group, Inc. • Cervus Claim Solutions, LLC • First State Insurance Company • FTC Resolution Company, LLC • Hart Re Group, L.L.C. • Hartford Accident and Indemnity Company • Hartford Administrative Services Company ...
IRS number
133317783

HIG stock data

News

From Benzinga Pro
Ominous Death Cross Forms On Hartford Finl Servs Gr's Chart
23 Jun 22
If history is any guide, there may be trouble ahead for shares of Hartford Finl Servs Gr (NYSE:HIG). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
Analyst Ratings for Hartford Finl Servs Gr
3 Jun 22
Within the last quarter, Hartford Finl Servs Gr (NYSE:HIG) has observed the following analyst ratings:
Credit Suisse Maintains Outperform on Hartford Finl Servs Gr, Raises Price Target to $104
3 Jun 22
Credit Suisse analyst Andrew Kligerman maintains Hartford Finl Servs Gr (NYSE:HIG) with a Outperform and raises the price target from $93 to $104.
Benzinga's Top Ratings Upgrades, Downgrades For May 24, 2022
24 May 22
Citigroup Initiates Coverage On Hartford Finl Servs Gr with Buy Rating, Announces Price Target of $81
24 May 22

Press releases

From Benzinga Pro
Retention Roadblocks: The Hartford's New Study Shows Employers And U.S. Workers Disagree On Many Workplace Issues, Contributing To Turnover
19 May 22
Fifty-nine percent of U.S. workers believe it would be easy to find a new job and many are taking steps to leave Seventy percent of employers believe employees underutilize the services, benefits, and programs they
The Hartford Declares Quarterly Dividends Of $0.385 Per Share Of Common Stock And $375 Per Share Of Series G Preferred Stock
18 May 22
The Hartford's Board of Directors today declared a dividend of $0.385 per share of common stock, payable July 5 to common stock shareholders of record at the close of business on June 1. The board also declared a
The Hartford Announces First Quarter 2022 Financial Results
28 Apr 22
First quarter 2022 net income available to common stockholders of $440 million ($1.30 per diluted share) increased 80% from the 2021 period, and core earnings* of $561 million (core earnings per diluted
The Hartford's New Study Finds Employers Believe Worsening Employee Mental Health Is Hurting Their Financial Performance
25 Apr 22
The Hartford Partners With Earthwatch On Global Pollinator Program
21 Apr 22

Analyst ratings and price targets

Last 3 months
Current price
Average target
$86.33
Low target
$73.00
High target
$104.00
Credit Suisse
Maintains
Outperform
$104.00
3 Jun 22
Citigroup
Initiated
Buy
$81.00
24 May 22
Morgan Stanley
Maintains
Equal-Weight
$73.00
23 May 22
Raymond James
Maintains
Outperform
$85.00
3 May 22
Wells Fargo
Maintains
Overweight
$89.00
2 May 22
Barclays
Maintains
Overweight
$86.00
12 Apr 22

Calendar

28 Apr 22
2 Jul 22
31 Dec 22

Financial summary

Financial statements Chart HIG financial data
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 306M 306M 306M 306M 306M 306M
Cash burn (monthly) 10.33M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 31.68M n/a n/a n/a n/a n/a
Cash remaining 274.32M n/a n/a n/a n/a n/a
Runway (months of cash) 26.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

HIG insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Jun 22 Christopher Swift Common Stock Gift Dispose G No No 0 15,008 0 157,120
10 Jun 22 John J. Kinney Common Stock Gift Dispose G No Yes 0 717 0 5,134.32
3 Jun 22 Scott R. Lewis Common Stock Gift Dispose G No Yes 0 1,738 0 18,395.863
4 May 22 Beth Ann Costello Common Stock Sell Dispose S No Yes 73.183 47,214 3.46M 50,503.167
4 May 22 Beth Ann Costello Common Stock Option exercise Acquire M No No 35.83 47,214 1.69M 97,717.167
4 May 22 Beth Ann Costello Stock Option Common Stock Option exercise Dispose M No No 35.83 47,214 1.69M 0
4 May 22 Christopher Swift Common Stock Sell Dispose S No Yes 73.175 27,214 1.99M 172,129.3
4 May 22 Christopher Swift Common Stock Sell Dispose S No Yes 72.498 19,916 1.44M 199,343.3
4 May 22 Christopher Swift Common Stock Option exercise Acquire M No No 24.15 47,130 1.14M 219,259.3
4 May 22 Christopher Swift Stock Option Common Stock Option exercise Dispose M No No 24.15 47,130 1.14M 94,258
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

HIG institutional ownership history Ownership history
90.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 710 703 +1.0%
Opened positions 77 110 -30.0%
Closed positions 70 78 -10.3%
Increased positions 260 218 +19.3%
Reduced positions 239 240 -0.4%
13F shares Current Prev Q Change
Total value 21.41B 21.24B +0.8%
Total shares 298.01M 307.44M -3.1%
Total puts 900.4K 1.5M -40.1%
Total calls 1.4M 1.64M -14.7%
Total put/call ratio 0.6 0.9 -29.8%
Largest owners Shares Value Change
Vanguard 39.82M $2.86B +0.1%
BLK Blackrock 25.78M $1.85B -0.8%
TROW T. Rowe Price 21.03M $1.51B -3.1%
STT State Street 19.87M $1.43B -2.5%
JPM JPMorgan Chase & Co. 18.3M $1.31B -3.6%
FMR 14.06M $1.01B -1.2%
BEN Franklin Resources 7.74M $555.52M -1.8%
IVZ Invesco 7.57M $543.93M +1.7%
Geode Capital Management 6.43M $460.43M +3.5%
Diamond Hill Capital Management 5.91M $424.73M -14.8%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -3.51M EXIT
First Trust Advisors 1.43M -2.21M -60.7%
Hotchkis & Wiley Capital Management 5.9M +1.24M +26.7%
Diamond Hill Capital Management 5.91M -1.03M -14.8%
Millennium Management 2.17M +992.32K +83.9%
BAC Bank Of America 1.97M -984.44K -33.3%
Prana Capital Management 1.37M +947.22K +225.2%
American Century Companies 297.46K -891.02K -75.0%
Fir Tree Capital Management 0 -865.77K EXIT
JHG Janus Henderson 1.69M -798.86K -32.2%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
New words: agriculture, ALAE, appellate, arriving, aviation, bringing, Circuit, confidence, conflict, CPRI, creation, crude, DEI, district, doubtful, drought, earlier, ESPP, ETF, EU, expansion, explanation, geopolitical, hearing, immaturity, introduced, involuntary, maintenance, mid, military, modified, ocean, oil, Overnight, partisan, Peru, postretirement, PRA, Prudential, remediation, requisite, Russia, Russian, seasoned, seeded, SOFR, spill, supervision, supervisory, trial, Ukraine, unamortized, unfunded, unlimited, vulnerable, war, withdrawn
Removed: ACA, accrual, advance, advancement, aid, Aided, alter, amend, American, AMT, application, approximate, ASCO, Asia, BDM, begun, behavior, Belgian, bill, broadly, cancellation, care, CLO, close, code, Commonwealth, construction, continuing, created, cruise, customary, deadline, deal, declined, delivery, design, deviate, directed, disposal, Disposition, disrupted, emergency, enactment, ending, entail, ETP, European, expiration, expired, Extension, fact, factored, Faxai, fewer, FFCRA, flexible, floating, focused, guaranteed, guidance, healthcare, heavier, HGH, implementing, improve, incentive, incepted, indemnification, India, initially, Injury, IRS, lapse, Lattice, leading, lent, loaned, magnitude, maintained, mandated, meal, monetary, move, nation, nonrecurring, operate, operation, passed, Patient, pausing, Paycheck, pending, percent, PPP, preclude, preserve, processing, put, qualifying, refund, refundable, refunding, repeal, Rescue, resiliency, restaurant, Revitalization, revoked, risen, SBA, segregated, sick, social, specifically, stabilized, strain, successfully, suspended, suspending, tabular, TCJA, technical, tighter, transitioning, travel, trillion, Union, waived, waiving, Water, work, worker
From filing 10-Q 2022 Q1
Financial reports
View all
10-Q
2022 Q1
Quarterly report
28 Apr 22
10-K
2021 FY
Annual report
18 Feb 22
10-Q
2021 Q3
Quarterly report
28 Oct 21
10-Q
2021 Q2
Quarterly report
28 Jul 21
10-Q
2021 Q1
Quarterly report
27 Apr 21
10-K
2020 FY
Annual report
19 Feb 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
31 Jul 20
10-Q
2020 Q1
Quarterly report
29 Apr 20
10-K
2019 FY
Annual report
21 Feb 20
Current reports
View all
8-K
Submission of Matters to a Vote of Security Holders
19 May 22
8-K
Financial Statements and Exhibits
3 May 22
8-K
The Hartford Announces First Quarter 2022 Financial Results
27 Apr 22
8-K
Other Events
14 Mar 22
8-K
Financial Statements and Exhibits
23 Feb 22
8-K
The Hartford Announces Fourth Quarter And Full Year 2021 Financial Results
3 Feb 22
8-K
The Hartford Announces Third Quarter 2021 Financial Results and Capital Management Actions
28 Oct 21
8-K
Entry into a Material Definitive Agreement
28 Oct 21
8-K
Other Events
21 Sep 21
8-K
Other Events
16 Sep 21
Registration and prospectus
View all
424B5
Prospectus supplement for primary offering
3 May 22
25-NSE
Exchange delisting
18 Apr 22
424B5
Prospectus supplement for primary offering
23 Feb 22
S-3ASR
Automatic shelf registration
22 Feb 22
424B5
Prospectus supplement for primary offering
17 Sep 21
FWP
Free writing prospectus
16 Sep 21
424B5
Prospectus supplement for primary offering
16 Sep 21
S-8
Registration of securities for employees
31 Jul 20
S-8 POS
Registration of securities for employees (post-effective amendment)
31 Jul 20
424B5
Prospectus supplement for primary offering
12 Aug 19
Proxies
View all
DEFA14A
Additional proxy soliciting materials
2 May 22
PX14A6G
Letter to shareholders
18 Apr 22
DEFA14A
Additional proxy soliciting materials
8 Apr 22
DEF 14A
Definitive proxy
8 Apr 22
DEF 14A
Definitive proxy
29 Mar 21
DEFA14A
Additional proxy soliciting materials
28 Apr 20
DEF 14A
Definitive proxy
9 Apr 20
DEFA14A
Additional proxy soliciting materials
8 May 19
DEFA14A
Additional proxy soliciting materials
1 May 19
DEF 14A
Definitive proxy
4 Apr 19
Other
View all
CERT
Certification of approval for exchange listing
7 Nov 18
CT ORDER
Confidential treatment order
29 Jul 18
CT ORDER
Confidential treatment order
6 Aug 17
CT ORDER
Confidential treatment order
19 Mar 17
CORRESP
Correspondence with SEC
15 Jan 15
UPLOAD
Letter from SEC
15 Jan 15
UPLOAD
Letter from SEC
16 Dec 14
CORRESP
Correspondence with SEC
1 Dec 14
UPLOAD
Letter from SEC
16 Nov 14
CORRESP
Correspondence with SEC
9 Oct 14
Ownership
View all
4
HARTFORD FINANCIAL SERVICES / Christopher Swift ownership change
16 Jun 22
11-K
Annual report of employee stock purchases
16 Jun 22
4
HARTFORD FINANCIAL SERVICES / John J. Kinney ownership change
14 Jun 22
4
HARTFORD FINANCIAL SERVICES / Scott R. Lewis ownership change
7 Jun 22
4
HARTFORD FINANCIAL SERVICES / Beth Ann Costello ownership change
6 May 22
4
HARTFORD FINANCIAL SERVICES / Christopher Swift ownership change
6 May 22
4
HARTFORD FINANCIAL SERVICES / Beth Ann Costello ownership change
4 May 22
4
HARTFORD FINANCIAL SERVICES / David C Robinson ownership change
26 Apr 22
4
HARTFORD FINANCIAL SERVICES / Amy Stepnowski ownership change
18 Apr 22
4
HARTFORD FINANCIAL SERVICES / Scott R. Lewis ownership change
18 Apr 22

Patents

View all
Utility
Activity evaluation sensor systems and methods
21 Jun 22
Systems and methods are discussed for providing sensor enhanced safety, recovery, and activity evaluation systems.
Utility
Enterprise Network Status Insight System and Method
16 Jun 22
Embodiments may be associated with a network status insight system implemented via a back-end application computer server.
Utility
Multi-format electronic invoicing system
14 Jun 22
According to some embodiments, an invoice data store contains electronic records for invoices associated with customers and an enterprise, including an electronic record identifier and a set of attribute values.
Utility
System to Facilitate Guided Navigation of Direct-access Databases for Advanced Analytics
12 May 22
System and methods may facilitate user guidance to risk relationship documents for an enterprise.
Utility
Remote Mobile Device Interacting with Multiple Remote Systems
12 May 22
Systems, methods and apparatus for creating, analyzing and updating a property inventory are disclosed which include receiving, from a user operating a mobile device, a request to add a new item of property to an insurance inventory associated with an insurance policy, the request including information identifying the new item, at least a first image of the new item, and information identifying a location of the new item.

Transcripts

View all
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
4 Feb 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
29 Jul 21
2021 Q1
Earnings call transcript
23 Apr 21
2020 Q4
Earnings call transcript
5 Feb 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
30 Apr 20
2019 Q4
Earnings call transcript
4 Feb 20

Reddit threads

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