The Hartford Financial Services Group, Inc. (HIG): The Short Thesis Is Dying

Wall Street analysts will be watching closely when The Hartford Financial Services Group, Inc. (NYSE:HIG) reports its quarterly earnings next, which is scheduled for Mon 4 Feb (In 22 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $1.18 per share. In the preceding quarter, the company reportedly generated EPS of $1.15 per share of its common stock. Looking at profitability indicators, this organization has a gross margin of .

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of The Hartford Financial Services Group, Inc. (NYSE:HIG). Most recently, on December 4th, 2018, Janney Upgrade a Buy rating. Before that, on October 9th, 2018, BofA/Merrill Upgrade to Buy. B. Riley FBR Upgrade a Buy rating on September 24th, 2018, Sandler O’Neill Initiated an Buy rating on September 10th, 2018, and Credit Suisse Initiated a Neutral rating on August 7th, 2018.

At its current price point, combined with the fact that this company has 358.60M shares outstanding, the current market capitalization sits at 15.94B. In the last trading day, 2,053,748 shares of The Hartford Financial Services Group, Inc. were traded, which compares to its usual volume of about 3.20M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.32 in the past five trading days, resulting in a percentage change of +0.72% and a moving average of 43.96. In the past 20 days, its price changed by $3.07 (which is +7.42%) and the stock’s moving average was 43.00. Looking back a full 50 days, shares of HIG changed by -$0.10 (which is -0.22%) and demonstrated a moving average of 43.78.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 84.64%, a 14-day Stochastic %K score of 91.09% and a 20-day Stochastic %K score of 91.09%. Using a similar metric, The Hartford Financial Services Group, Inc. (HIG) shares showed a Stochastic %D of 80.51% over the past 9 days, a Stochastic %D score of 85.15% over the last 14 days, and a 20-day Stochastic %D of 85.15%. Meanwhile, this stock’s MACD Oscillator was 0.30 over the past 9 days, 0.72 over the past two weeks, and 1.15 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $44.46 level. Over the past 12 months, this stock has experienced a high price of $59.20 and a low of $40.54. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from The Hartford Financial Services Group, Inc. (NYSE:HIG) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 36,559,123 shares of the company’s stock following the addition of 455,851 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 10.19% stake in The Hartford Financial Services Group, Inc. (HIG)’s shares.

Just in the most recent trading day, The Hartford Financial Services Group, Inc. (NYSE:HIG) experienced a high price of $44.6 and low point of $43.93. At the end of the last trading session, this stock was at 44.46 per share, following a loss of -$0.23, or 0.54% during the full day.