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HARTFORD FINANCIAL SVCS GRP (HIG) Stock Fundamental Analysis

NYSE:HIG - New York Stock Exchange, Inc. - US4165151048 - Common Stock - Currency: USD

113.42  -1 (-0.87%)

After market: 113.42 0 (0%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to HIG. HIG was compared to 144 industry peers in the Insurance industry. HIG has only an average score on both its financial health and profitability. HIG has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year HIG was profitable.
HIG had a positive operating cash flow in the past year.
Each year in the past 5 years HIG has been profitable.
HIG had a positive operating cash flow in each of the past 5 years.
HIG Yearly Net Income VS EBIT VS OCF VS FCFHIG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B -2B 4B

1.2 Ratios

HIG's Return On Assets of 3.70% is fine compared to the rest of the industry. HIG outperforms 67.61% of its industry peers.
With a decent Return On Equity value of 17.69%, HIG is doing good in the industry, outperforming 73.24% of the companies in the same industry.
Industry RankSector Rank
ROA 3.7%
ROE 17.69%
ROIC N/A
ROA(3y)2.92%
ROA(5y)2.8%
ROE(3y)14.15%
ROE(5y)12.88%
ROIC(3y)N/A
ROIC(5y)N/A
HIG Yearly ROA, ROE, ROICHIG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 -20

1.3 Margins

With a decent Profit Margin value of 11.56%, HIG is doing good in the industry, outperforming 68.31% of the companies in the same industry.
HIG's Profit Margin has been stable in the last couple of years.
HIG has a better Operating Margin (14.75%) than 65.49% of its industry peers.
HIG's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 14.75%
PM (TTM) 11.56%
GM N/A
OM growth 3Y3.85%
OM growth 5Y4.29%
PM growth 3Y6.58%
PM growth 5Y1.28%
GM growth 3YN/A
GM growth 5YN/A
HIG Yearly Profit, Operating, Gross MarginsHIG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10

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4

2. Health

2.1 Basic Checks

HIG does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, HIG has less shares outstanding
HIG has less shares outstanding than it did 5 years ago.
The debt/assets ratio for HIG has been reduced compared to a year ago.
HIG Yearly Shares OutstandingHIG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M
HIG Yearly Total Debt VS Total AssetsHIG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 50B 100B 150B 200B

2.2 Solvency

HIG has a debt to FCF ratio of 0.80. This is a very positive value and a sign of high solvency as it would only need 0.80 years to pay back of all of its debts.
HIG's Debt to FCF ratio of 0.80 is fine compared to the rest of the industry. HIG outperforms 71.13% of its industry peers.
A Debt/Equity ratio of 0.26 indicates that HIG is not too dependend on debt financing.
HIG has a better Debt to Equity ratio (0.26) than 62.68% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 0.8
Altman-Z N/A
ROIC/WACCN/A
WACC8.55%
HIG Yearly LT Debt VS Equity VS FCFHIG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
HIG Yearly Current Assets VS Current LiabilitesHIG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 27.82% over the past year.
Measured over the past years, HIG shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.53% on average per year.
HIG shows a small growth in Revenue. In the last year, the Revenue has grown by 7.75%.
HIG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.28% yearly.
EPS 1Y (TTM)27.82%
EPS 3Y15.52%
EPS 5Y15.53%
EPS Q2Q%10.48%
Revenue 1Y (TTM)7.75%
Revenue growth 3Y6.12%
Revenue growth 5Y5.28%
Sales Q2Q%9.45%

3.2 Future

The Earnings Per Share is expected to grow by 12.02% on average over the next years. This is quite good.
Based on estimates for the next years, HIG will show a small growth in Revenue. The Revenue will grow by 6.57% on average per year.
EPS Next Y13.94%
EPS Next 2Y14.74%
EPS Next 3Y13.05%
EPS Next 5Y12.02%
Revenue Next Year7.29%
Revenue Next 2Y7.61%
Revenue Next 3Y6.57%
Revenue Next 5YN/A

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
HIG Yearly Revenue VS EstimatesHIG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5B 10B 15B 20B 25B
HIG Yearly EPS VS EstimatesHIG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10

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6

4. Valuation

4.1 Price/Earnings Ratio

HIG is valuated reasonably with a Price/Earnings ratio of 10.87.
The rest of the industry has a similar Price/Earnings ratio as HIG.
Compared to an average S&P500 Price/Earnings ratio of 28.42, HIG is valued rather cheaply.
HIG is valuated reasonably with a Price/Forward Earnings ratio of 9.67.
Based on the Price/Forward Earnings ratio, HIG is valued a bit cheaper than 62.68% of the companies in the same industry.
HIG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.39.
Industry RankSector Rank
PE 10.87
Fwd PE 9.67
HIG Price Earnings VS Forward Price EarningsHIG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

HIG's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HIG is cheaper than 76.06% of the companies in the same industry.
64.79% of the companies in the same industry are more expensive than HIG, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 6.06
EV/EBITDA 5.78
HIG Per share dataHIG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
HIG's earnings are expected to grow with 13.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.78
PEG (5Y)0.7
EPS Next 2Y14.74%
EPS Next 3Y13.05%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.88%, HIG has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.11, HIG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.27, HIG has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.88%

5.2 History

On average, the dividend of HIG grows each year by 11.07%, which is quite nice.
HIG has been paying a dividend for at least 10 years, so it has a reliable track record.
HIG has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.07%
Div Incr Years12
Div Non Decr Years15
HIG Yearly Dividends per shareHIG Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.5 1 1.5

5.3 Sustainability

18.92% of the earnings are spent on dividend by HIG. This is a low number and sustainable payout ratio.
HIG's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP18.92%
EPS Next 2Y14.74%
EPS Next 3Y13.05%
HIG Yearly Income VS Free CF VS DividendHIG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B -2B 4B
HIG Dividend Payout.HIG Dividend Payout, showing the Payout Ratio.HIG Dividend Payout.PayoutRetained Earnings

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HARTFORD FINANCIAL SVCS GRP

NYSE:HIG (1/28/2025, 8:04:00 PM)

After market: 113.42 0 (0%)

113.42

-1 (-0.87%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)10-24 2024-10-24/amc
Earnings (Next)01-30 2025-01-30/amc
Inst Owners95.07%
Inst Owner Change0.16%
Ins Owners0.28%
Ins Owner Change-8.16%
Market Cap32.88B
Analysts72.31
Price Target131.88 (16.28%)
Short Float %1.28%
Short Ratio2.36
Dividend
Industry RankSector Rank
Dividend Yield 1.88%
Yearly Dividend1.79
Dividend Growth(5Y)11.07%
DP18.92%
Div Incr Years12
Div Non Decr Years15
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.48%
Min EPS beat(2)-1.43%
Max EPS beat(2)10.4%
EPS beat(4)2
Avg EPS beat(4)6.96%
Min EPS beat(4)-5.51%
Max EPS beat(4)24.39%
EPS beat(8)5
Avg EPS beat(8)7.68%
EPS beat(12)9
Avg EPS beat(12)12.86%
EPS beat(16)12
Avg EPS beat(16)18.17%
Revenue beat(2)0
Avg Revenue beat(2)-1.18%
Min Revenue beat(2)-2.28%
Max Revenue beat(2)-0.09%
Revenue beat(4)0
Avg Revenue beat(4)-1.3%
Min Revenue beat(4)-2.43%
Max Revenue beat(4)-0.09%
Revenue beat(8)1
Avg Revenue beat(8)-0.48%
Revenue beat(12)2
Avg Revenue beat(12)-0.39%
Revenue beat(16)6
Avg Revenue beat(16)0.79%
PT rev (1m)1.92%
PT rev (3m)6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.53%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.78%
Valuation
Industry RankSector Rank
PE 10.87
Fwd PE 9.67
P/S 1.26
P/FCF 6.06
P/OCF 5.81
P/B 1.93
P/tB 2.28
EV/EBITDA 5.78
EPS(TTM)10.43
EY9.2%
EPS(NY)11.73
Fwd EY10.34%
FCF(TTM)18.72
FCFY16.51%
OCF(TTM)19.53
OCFY17.22%
SpS89.73
BVpS58.67
TBVpS49.82
PEG (NY)0.78
PEG (5Y)0.7
Profitability
Industry RankSector Rank
ROA 3.7%
ROE 17.69%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 14.75%
PM (TTM) 11.56%
GM N/A
FCFM 20.86%
ROA(3y)2.92%
ROA(5y)2.8%
ROE(3y)14.15%
ROE(5y)12.88%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)3.94%
ROCE(5y)3.89%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y3.85%
OM growth 5Y4.29%
PM growth 3Y6.58%
PM growth 5Y1.28%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.32
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 0.8
Debt/EBITDA 0.68
Cap/Depr 8.97%
Cap/Sales 0.9%
Interest Coverage 17.28
Cash Conversion 87.67%
Profit Quality 180.42%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC8.55%
ROIC/WACCN/A
Cap/Depr(3y)7.06%
Cap/Depr(5y)6.25%
Cap/Sales(3y)0.75%
Cap/Sales(5y)0.66%
Profit Quality(3y)182.12%
Profit Quality(5y)185.18%
High Growth Momentum
Growth
EPS 1Y (TTM)27.82%
EPS 3Y15.52%
EPS 5Y15.53%
EPS Q2Q%10.48%
EPS Next Y13.94%
EPS Next 2Y14.74%
EPS Next 3Y13.05%
EPS Next 5Y12.02%
Revenue 1Y (TTM)7.75%
Revenue growth 3Y6.12%
Revenue growth 5Y5.28%
Sales Q2Q%9.45%
Revenue Next Year7.29%
Revenue Next 2Y7.61%
Revenue Next 3Y6.57%
Revenue Next 5YN/A
EBIT growth 1Y24.7%
EBIT growth 3Y10.21%
EBIT growth 5Y9.79%
EBIT Next Year39.68%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y34.4%
FCF growth 3Y2.68%
FCF growth 5Y4.22%
OCF growth 1Y34.78%
OCF growth 3Y3.44%
OCF growth 5Y4.54%