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Hartford Financial Services Group

NYSE:HIG
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HIG
NYSE
$12B
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

The Hartford Financial Services Group, Inc. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Hartford Financial Services Group has significant price volatility in the past 3 months.
HIG Share Price and Events
7 Day Returns
-3.7%
NYSE:HIG
-8.7%
US Insurance
-3.8%
US Market
1 Year Returns
-31.7%
NYSE:HIG
-26.3%
US Insurance
-15.9%
US Market
HIG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hartford Financial Services Group (HIG) -3.7% -33.4% -43.7% -31.7% -29.6% -20.4%
US Insurance -8.7% -26.6% -33.9% -26.3% -19.7% -4.3%
US Market -3.8% -17.4% -24.1% -15.9% 2.8% 13.5%
1 Year Return vs Industry and Market
  • HIG underperformed the Insurance industry which returned -26.3% over the past year.
  • HIG underperformed the Market in United States of America which returned -15.9% over the past year.
Price Volatility
HIG
Industry
5yr Volatility vs Market

Value

 Is Hartford Financial Services Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hartford Financial Services Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hartford Financial Services Group.

NYSE:HIG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= $50.73 * 11.4%
$5.79
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. $50.73
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:HIG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.603 (1 + (1- 21%) (42.01%))
0.868
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.868 * 5.44%)
6.46%

Discounted Cash Flow Calculation for NYSE:HIG using Excess Returns Model Model

The calculations below outline how an intrinsic value for Hartford Financial Services Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:HIG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.4% – 6.46%) * $50.73)
$2.51
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.51 / (6.46% - 1.74%)
$53.12
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $50.73 + $53.12
$103.85
NYSE:HIG Discount to Share Price
Calculation Result
Value per share (USD) From above. $103.85
Current discount Discount to share price of $33.92
= -1 x ($33.92 - $103.85) / $103.85
67.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hartford Financial Services Group is available for.
Intrinsic value
>50%
Share price is $33.92 vs Future cash flow value of $103.85
Current Discount Checks
For Hartford Financial Services Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hartford Financial Services Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hartford Financial Services Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hartford Financial Services Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hartford Financial Services Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HIG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $5.72
NYSE:HIG Share Price ** NYSE (2020-04-06) in USD $33.92
United States of America Insurance Industry PE Ratio Median Figure of 95 Publicly-Listed Insurance Companies 8.13x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hartford Financial Services Group.

NYSE:HIG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HIG Share Price ÷ EPS (both in USD)

= 33.92 ÷ 5.72

5.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hartford Financial Services Group is good value based on earnings compared to the US Insurance industry average.
  • Hartford Financial Services Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hartford Financial Services Group's expected growth come at a high price?
Raw Data
NYSE:HIG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
-1.4%per year
United States of America Insurance Industry PEG Ratio Median Figure of 67 Publicly-Listed Insurance Companies 0.32x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

NYSE:HIG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.93x ÷ -1.4%

-4.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hartford Financial Services Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hartford Financial Services Group's assets?
Raw Data
NYSE:HIG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $44.32
NYSE:HIG Share Price * NYSE (2020-04-06) in USD $33.92
United States of America Insurance Industry PB Ratio Median Figure of 122 Publicly-Listed Insurance Companies 0.8x
United States of America Market PB Ratio Median Figure of 5,148 Publicly-Listed Companies 1.2x
NYSE:HIG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HIG Share Price ÷ Book Value per Share (both in USD)

= 33.92 ÷ 44.32

0.77x

* Primary Listing of Hartford Financial Services Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hartford Financial Services Group is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess Hartford Financial Services Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Hartford Financial Services Group has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hartford Financial Services Group expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hartford Financial Services Group expected to grow at an attractive rate?
  • Hartford Financial Services Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Hartford Financial Services Group's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Hartford Financial Services Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HIG Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HIG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts -1.4%
NYSE:HIG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.1%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 1.6%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:HIG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HIG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 22,940 1,956 1
2021-12-31 21,936 1,976 3
2020-12-31 21,287 1,885 3
2020-04-07
NYSE:HIG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 20,736 3,489 2,064
2019-09-30 20,005 3,447 1,711
2019-06-30 19,494 2,577 1,614
2019-03-31 19,174 2,410 1,676
2018-12-31 18,925 2,843 1,479
2018-09-30 18,875 2,504 731
2018-06-30 18,224 2,562 449
2018-03-31 17,648 2,673 -137
2017-12-31 17,125 2,186 -262
2017-09-30 14,843 2,185 -68
2017-06-30 15,358 2,144 225
2017-03-31 15,835 1,893 593

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hartford Financial Services Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Hartford Financial Services Group's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:HIG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Hartford Financial Services Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HIG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 5.90 6.18 5.62 2.00
2021-12-31 5.61 6.15 5.15 6.00
2020-12-31 5.20 5.60 4.98 6.00
2020-04-07
NYSE:HIG Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 5.72
2019-09-30 4.75
2019-06-30 4.49
2019-03-31 4.67
2018-12-31 4.13
2018-09-30 2.04
2018-06-30 1.25
2018-03-31 -0.38
2017-12-31 -0.72
2017-09-30 -0.18
2017-06-30 0.60
2017-03-31 1.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hartford Financial Services Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hartford Financial Services Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hartford Financial Services Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hartford Financial Services Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hartford Financial Services Group's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hartford Financial Services Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Hartford Financial Services Group's 1-year earnings growth exceeds its 5-year average (39.6% vs -0.9%)
  • Hartford Financial Services Group's earnings growth has not exceeded the US Insurance industry average in the past year (39.6% vs 43.7%).
Earnings and Revenue History
Hartford Financial Services Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hartford Financial Services Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HIG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 20,736.00 2,064.00 4,472.00
2019-09-30 20,005.00 1,711.00 4,379.00
2019-06-30 19,494.00 1,614.00 4,304.00
2019-03-31 19,174.00 1,676.00 4,247.00
2018-12-31 18,925.00 1,479.00 4,234.00
2018-09-30 18,875.00 731.00 4,220.00
2018-06-30 18,224.00 449.00 4,081.00
2018-03-31 17,648.00 -137.00 4,664.00
2017-12-31 17,125.00 -262.00 4,546.00
2017-09-30 14,843.00 -68.00 4,083.00
2017-06-30 15,358.00 225.00 4,049.00
2017-03-31 15,835.00 593.00 3,330.00
2016-12-31 16,254.00 613.00 3,523.00
2016-09-30 18,271.00 1,398.00 3,700.00
2016-06-30 18,119.00 1,332.00 3,753.00
2016-03-31 18,107.00 1,529.00 3,732.00
2015-12-31 15,966.00 1,189.00 3,439.00
2015-09-30 18,414.00 1,597.00 3,897.00
2015-06-30 18,614.00 1,613.00 3,912.00
2015-03-31 18,539.00 1,350.00 3,979.00
2014-12-31 18,527.00 1,349.00 3,962.00
2014-09-30 18,683.00 1,388.00 4,019.00
2014-06-30 18,774.00 1,365.00 4,039.00
2014-03-31 18,888.00 1,448.00 4,127.00
2013-12-31 19,001.00 1,215.00 4,109.00
2013-09-30 21,808.00 775.00 4,309.00
2013-06-30 23,302.00 393.00 4,517.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hartford Financial Services Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hartford Financial Services Group used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.
  • Hartford Financial Services Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hartford Financial Services Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hartford Financial Services Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hartford Financial Services Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hartford Financial Services Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hartford Financial Services Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hartford Financial Services Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hartford Financial Services Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hartford Financial Services Group Company Filings, last reported 3 months ago.

NYSE:HIG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 16,270.00 4,908.00 3,107.00
2019-09-30 16,078.00 4,915.00 3,133.00
2019-06-30 15,292.00 4,767.00 2,591.00
2019-03-31 14,340.00 4,622.00 4,308.00
2018-12-31 13,101.00 4,812.00 4,396.00
2018-09-30 12,729.00 4,894.00 3,642.00
2018-06-30 12,546.00 4,899.00 3,443.00
2018-03-31 13,143.00 5,405.00 2,613.00
2017-12-31 13,494.00 5,256.00 2,451.00
2017-09-30 17,233.00 5,667.00 4,102.00
2017-06-30 17,288.00 5,166.00 5,091.00
2017-03-31 17,009.00 5,450.00 4,943.00
2016-12-31 16,903.00 5,141.00 1,766.00
2016-09-30 18,658.00 5,705.00 3,144.00
2016-06-30 18,559.00 5,814.00 2,969.00
2016-03-31 18,112.00 5,775.00 2,408.00
2015-12-31 17,642.00 5,804.00 2,075.00
2015-09-30 18,204.00 5,841.00 4,188.00
2015-06-30 18,227.00 5,840.00 3,850.00
2015-03-31 19,077.00 6,209.00 4,292.00
2014-12-31 18,720.00 6,109.00 5,422.00
2014-09-30 18,835.00 6,176.00 5,470.00
2014-06-30 19,428.00 6,385.00 6,084.00
2014-03-31 19,774.00 6,575.00 22,724.00
2013-12-31 18,905.00 6,626.00 25,160.00
2013-09-30 18,928.00 6,389.00 27,916.00
2013-06-30 19,013.00 6,735.00 29,972.00
  • Hartford Financial Services Group's level of debt (30.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (32.6% vs 30.2% today).
  • Debt is well covered by operating cash flow (71.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.8x coverage).
X
Financial health checks
We assess Hartford Financial Services Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hartford Financial Services Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hartford Financial Services Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.83%
Current annual income from Hartford Financial Services Group dividends. Estimated to be 4.13% next year.
If you bought $2,000 of Hartford Financial Services Group shares you are expected to receive $77 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hartford Financial Services Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.07%).
  • Hartford Financial Services Group's dividend is below the markets top 25% of dividend payers in United States of America (5.82%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:HIG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 79 Stocks 3.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1933 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HIG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.57 1.00
2022-12-31 1.51 8.00
2021-12-31 1.40 11.00
2020-12-31 1.31 11.00
2020-04-07
NYSE:HIG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-21 1.300 3.267
2020-02-03 1.300 2.206
2019-10-23 1.200 1.994
2019-07-18 1.200 2.042
2019-05-16 1.200 2.175
2019-02-21 1.200 2.391
2018-10-18 1.200 2.669
2018-07-19 1.200 2.378
2018-05-17 1.000 1.902
2018-02-22 1.000 1.900
2018-02-08 1.000 1.856
2017-10-26 1.000 1.786
2017-10-23 1.000 1.824
2017-07-20 0.920 1.676
2017-05-18 0.920 1.790
2017-02-23 0.920 1.897
2017-02-02 0.920 1.914
2016-10-27 0.920 1.943
2016-07-21 0.840 2.007
2016-05-19 0.840 1.910
2016-02-25 0.840 1.875
2015-10-22 0.840 1.950
2015-07-27 0.840 1.803
2015-05-21 0.720 1.673
2015-02-26 0.720 1.722
2014-10-16 0.720 1.788
2014-07-30 0.720 1.989
2014-05-27 0.600 1.674
2014-02-27 0.600 1.713
2013-10-24 0.600 1.724
2013-07-24 0.600 1.907
2013-05-16 0.400 1.306
2013-02-28 0.400 1.499
2012-10-25 0.400 1.761
2012-07-25 0.400 2.122
2012-05-17 0.400 2.371
2012-02-23 0.400 1.960
2011-10-27 0.400 2.253
2011-07-27 0.400 2.188
2011-05-19 0.400 1.591
2011-02-02 0.400 1.440
2010-10-21 0.200 0.779
2010-07-22 0.200 0.893
2010-05-20 0.200 0.850
2010-02-18 0.200 0.739
2009-10-21 0.200 0.812
2009-07-16 0.200 0.965
2009-05-15 0.200 1.564

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hartford Financial Services Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4x coverage).
X
Income/ dividend checks
We assess Hartford Financial Services Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hartford Financial Services Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hartford Financial Services Group has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hartford Financial Services Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris Swift
COMPENSATION $13,883,615
AGE 58
TENURE AS CEO 5.8 years
CEO Bio

Christopher Jerome Swift is Chairman and Chief Executive Officer of The Hartford Financial Services Group, Inc. ("The Hartford"). He joined The Hartford in March 2010 and served as Executive Vice President and Chief Financial Officer through June 2014. Previously, he held senior leadership and finance roles at American International Group (AIG). He began his career as a certified public accountant at KPMG LLP focused on financial services, and was eventually appointed head of the Global Insurance Industry Practice. He earned a bachelor's degree in accounting from Marquette University, where he is also a Trustee. He has been a long-standing supporter of diversity and inclusion in the insurance industry, including his role as the former executive sponsor of the Professional Women's Network at The Hartford and his current role on the board of Catalyst. He is Chairman of the Board of the American Insurance Association. He is also a member of The Business Council, he Council on Foreign Relations, the International Insurance Society and the Financial Services Roundtable.

CEO Compensation
  • Chris's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Chris's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hartford Financial Services Group management team in years:

5.7
Average Tenure
58
Average Age
  • The average tenure for the Hartford Financial Services Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Chris Swift

TITLE
Chairman & CEO
COMPENSATION
$14M
AGE
58
TENURE
5.8 yrs

Doug Elliot

TITLE
President
COMPENSATION
$9M
AGE
59
TENURE
5.8 yrs

Beth Costello

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
51
TENURE
5.8 yrs

Bill Bloom

TITLE
Executive Vice President of Operations & Technology
COMPENSATION
$3M
AGE
55
TENURE
5.7 yrs

Brion Johnson

TITLE
Executive VP & Chief Investment Officer
COMPENSATION
$4M
AGE
59
TENURE
7.9 yrs

Deepa Soni

TITLE
Chief Information Officer
TENURE
0.6 yrs

Patti McEvoy

TITLE
Chief Ethics & Compliance Officer
TENURE
6.8 yrs

David Robinson

TITLE
Executive VP & General Counsel
AGE
53
TENURE
4.8 yrs

Kathy Bromage

TITLE
Chief Marketing & Communications Officer
AGE
61
TENURE
4.8 yrs

Melinda Thompson

TITLE
Head of Sales & Distribution
TENURE
4 yrs
Board of Directors Tenure

Average tenure and age of the Hartford Financial Services Group board of directors in years:

5.8
Average Tenure
59.5
Average Age
  • The tenure for the Hartford Financial Services Group board of directors is about average.
Board of Directors

Chris Swift

TITLE
Chairman & CEO
COMPENSATION
$14M
AGE
58
TENURE
5.3 yrs

Mike Morris

TITLE
Independent Director
COMPENSATION
$278K
AGE
72
TENURE
16.3 yrs

Barry Allardice

TITLE
Independent Director
COMPENSATION
$288K
AGE
71
TENURE
11.6 yrs

Kathryn Mikells

TITLE
Independent Director
COMPENSATION
$261K
AGE
53
TENURE
9.5 yrs

Virginia Ruesterholz

TITLE
Independent Director
COMPENSATION
$286K
AGE
58
TENURE
6.9 yrs

Trevor Fetter

TITLE
Lead Director
COMPENSATION
$296K
AGE
59
TENURE
3.3 yrs

Julie Richardson

TITLE
Independent Director
COMPENSATION
$286K
AGE
56
TENURE
6.3 yrs

Teresa Roseborough

TITLE
Independent Director
COMPENSATION
$261K
AGE
60
TENURE
5 yrs

Greig Woodring

TITLE
Independent Director
COMPENSATION
$328K
AGE
67
TENURE
2.3 yrs

Carlos Dominguez

TITLE
Independent Director
COMPENSATION
$326K
AGE
60
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Hartford Financial Services Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Mar 20 Buy Trevor Fetter Individual 13. Mar 20 13. Mar 20 10,000 $41.38 $413,750
03. Mar 20 Buy Kathryn Mikells Individual 28. Feb 20 28. Feb 20 5,000 $49.90 $249,493
03. Mar 20 Buy Trevor Fetter Individual 28. Feb 20 28. Feb 20 10,000 $49.80 $498,020
15. Aug 19 Sell Robert Allardice Individual 13. Aug 19 13. Aug 19 -3,000 $59.02 $-177,051
13. Aug 19 Sell Robert Allardice Individual 09. Aug 19 12. Aug 19 -9,500 $58.71 $-553,064
11. Jun 19 Sell Robert Allardice Individual 07. Jun 19 07. Jun 19 -2,000 $55.23 $-110,464
07. Jun 19 Sell Robert Allardice Individual 05. Jun 19 06. Jun 19 -6,500 $54.94 $-353,863
16. May 19 Sell Martha Gervasi Individual 14. May 19 14. May 19 -5,039 $52.87 $-266,392
13. May 19 Buy Trevor Fetter Individual 09. May 19 09. May 19 10,000 $52.19 $521,900
X
Management checks
We assess Hartford Financial Services Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hartford Financial Services Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here's What We Like About The Hartford Financial Services Group, Inc. (NYSE:HIG)'s Upcoming Dividend

Last year's total dividend payments show that Hartford Financial Services Group has a trailing yield of 2.1% on the current share price of $58.1. … Hartford Financial Services Group's dividend payments per share have declined at 0.6% per year on average over the past 10 years, which is uninspiring. … Final Takeaway Is Hartford Financial Services Group an attractive dividend stock, or better left on the shelf?

Simply Wall St -

Is The Hartford Financial Services Group, Inc.'s (NYSE:HIG) P/E Ratio Really That Good?

Check out our latest analysis for Hartford Financial Services Group How Do I Calculate Hartford Financial Services Group's Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Hartford Financial Services Group: P/E of 12.82 = $57.48 ÷ $4.48 (Based on the year to June 2019.) Is A High Price-to-Earnings Ratio Good? … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' How Does Hartford Financial Services Group's P/E Ratio Compare To Its Peers?

Simply Wall St -

Investors Who Bought Hartford Financial Services Group (NYSE:HIG) Shares Five Years Ago Are Now Up 61%

To wit, the Hartford Financial Services Group share price has climbed 61% in five years, easily topping the market return of 41% (ignoring dividends). … During the five years of share price growth, Hartford Financial Services Group moved from a loss to profitability. … We note that for Hartford Financial Services Group the TSR over the last 5 years was 77%, which is better than the share price return mentioned above.

Simply Wall St -

Should We Be Delighted With The Hartford Financial Services Group, Inc.'s (NYSE:HIG) ROE Of 12%?

See our latest analysis for Hartford Financial Services Group How Do I Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Hartford Financial Services Group: 12% = US$1.7b ÷ US$14b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Hartford Financial Services Group's Debt And Its 12% Return On Equity Hartford Financial Services Group has a debt to equity ratio of 0.32, which is far from excessive.

Simply Wall St -

Is Hartford Financial Services Group (NYSE:HIG) Using Too Much Debt?

You can click the graphic below for the historical numbers, but it shows that Hartford Financial Services Group had US$4.62b of debt in March 2019, down from US$5.41b, one year before However, it does have US$4.31b in cash offsetting this, leading to net debt of about US$314.0m. … NYSE:HIG Historical Debt, June 22nd 2019 A Look At Hartford Financial Services Group's Liabilities We can see from the most recent balance sheet that Hartford Financial Services Group had liabilities of US$6.36b falling due within a year, and liabilities of US$42.6b due beyond that. … Either way, since Hartford Financial Services Group does have more debt than cash, it's worth keeping an eye on its balance sheet.

Simply Wall St -

Is The Hartford Financial Services Group, Inc. (NYSE:HIG) A Smart Choice For Dividend Investors?

While Hartford Financial Services Group's 2.2% dividend yield is not the highest, we think its lengthy payment history is quite interesting. … Some simple research can reduce the risk of buying Hartford Financial Services Group for its dividend - read on to learn more. … For the purpose of this article, we only scrutinise the last decade of Hartford Financial Services Group's dividend payments.

Simply Wall St -

Did You Miss Hartford Financial Services Group's (NYSE:HIG) 38% Share Price Gain?

But The Hartford Financial Services Group, Inc. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … It might be well worthwhile taking a look at our free report on Hartford Financial Services Group's earnings, revenue and cash flow.

Simply Wall St -

A Spotlight On The Hartford Financial Services Group, Inc.'s (NYSE:HIG) Fundamentals

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on The Hartford Financial Services Group, Inc. … that has been able to sustain great financial health over the past.

Simply Wall St -

Will The Hartford Financial Services Group, Inc.'s (NYSE:HIG) Earnings Grow Over The Next Few Years?

Help shape the future of investing tools and you could win a $250 gift card! … The Hartford Financial Services Group, Inc.'s (NYSE:HIG) announced its latest earnings update in December 2018, which … negative earnings

Simply Wall St -

Should You Worry About The Hartford Financial Services Group, Inc.'s (NYSE:HIG) CEO Salary Level?

Chris Swift became the CEO of The Hartford Financial Services Group, Inc. … First, this article will compare CEO compensation with compensation at other large companies. … View our latest analysis for Hartford Financial Services Group?

Simply Wall St -

Company Info

Description

The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States and internationally. Its Commercial Lines segment offers workers’ compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance products; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company's Personal Lines segment provides automobile, homeowners, and personal umbrella coverages through direct-to-consumer channel and independent agents. Its Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. The company's Group Benefits segment provides group life, and accident and disability coverages, as well as other group coverages to members of employer and affinity groups, and associations through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; and a single-company leave management solution. This segment distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Its Hartford Funds segment offers investment products for retail and retirement accounts; exchange-traded products through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust groups, and registered investment advisers; and investment-management and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.

Details
Name: The Hartford Financial Services Group, Inc.
HIG
Exchange: NYSE
Founded: 1810
$12,162,661,612
358,252,183
Website: http://www.thehartford.com
Address: The Hartford Financial Services Group, Inc.
One Hartford Plaza,
Hartford,
Connecticut, 06155,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HIG Common Stock New York Stock Exchange US USD 15. Dec 1995
DB HFF Common Stock Deutsche Boerse AG DE EUR 15. Dec 1995
BST HFF Common Stock Boerse-Stuttgart DE EUR 15. Dec 1995
LSE 0J3H Common Stock London Stock Exchange GB USD 15. Dec 1995
BRSE HFF Common Stock Berne Stock Exchange CH CHF 15. Dec 1995
NYSE HIG.PRG 6.0 DPSHS PFD G New York Stock Exchange US USD 31. Oct 2018
BOVESPA H1IG34 BDR EACH 1 REPR 1 COM Bolsa de Valores de Sao Paulo BR BRL 27. Jan 2020
Number of employees
Current staff
Staff numbers
19,500
Hartford Financial Services Group employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 02:22
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.