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The Hartford Financial Services Group Inc. (HIG) is set to bring smile on the investors face as Analysts sets mean Target price of $87.75

At the end of the latest market close, The Hartford Financial Services Group Inc. (HIG) was valued at $67.00. In that particular session, Stock kicked-off at the price of $68.71 while reaching the peak value of $68.84 and lowest value recorded on the day was $66.50. The stock current value is $68.75.Recently in News on March 14, 2023, The Hartford Names Shekar Pannala Chief Information Officer For Property & Casualty. The Hartford has named Shekar Pannala chief information officer (CIO) for Property & Casualty, effective March 13. In this newly created role, Pannala will lead technology across the company’s Personal Lines, Small Commercial and Middle & Large Commercial businesses. He will report to The Hartford’s Chief Information Officer Deepa Soni, who leads technology, data, analytics and cyber security across the enterprise. You can read further details here

The Hartford Financial Services Group Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $79.44 on 01/06/23, with the lowest value was $60.17 for the same time period, recorded on 09/26/22.

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The Hartford Financial Services Group Inc. (HIG) full year performance was 2.69%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, The Hartford Financial Services Group Inc. shares are logging -13.45% during the 52-week period from high price, and 14.27% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $60.17 and $79.44.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 1620887 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the The Hartford Financial Services Group Inc. (HIG) recorded performance in the market was -9.33%, having the revenues showcasing -7.89% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 21.54B, as it employees total of 18800 workers.

Market experts do have their say about The Hartford Financial Services Group Inc. (HIG)

During the last month, 12 analysts gave the The Hartford Financial Services Group Inc. a BUY rating, 4 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 74.83, with a change in the price was noted +1.90. In a similar fashion, The Hartford Financial Services Group Inc. posted a movement of +2.84% for the period of last 100 days, recording 1,752,647 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for HIG is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.33.

Technical breakdown of The Hartford Financial Services Group Inc. (HIG)

Raw Stochastic average of The Hartford Financial Services Group Inc. in the period of last 50 days is set at 17.00%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 17.86%. In the last 20 days, the company’s Stochastic %K was 8.32% and its Stochastic %D was recorded 6.59%.

Bearing in mind the latest performance of The Hartford Financial Services Group Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -9.33%. Additionally, trading for the stock in the period of the last six months notably improved by 1.40%, alongside a boost of 2.69% for the period of the last 12 months. The shares increased approximately by -8.56% in the 7-day charts and went up by -10.95% in the period of the last 30 days. Common stock shares were lifted by -7.89% during last recorded quarter.

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