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The Hartford Financial Services Group, Inc. (HIG)

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122.00

-0.33

(-0.27%)

At close: 4:00 PM EDT

122.00

0.00

(0.00%)

After hours: 6:21 PM EDT

Hartford Financial Services Group Insiders Sold US$3.1m Of Shares Suggesting Hesitancy

In the last year, many The Hartford Financial Services Group, Inc. ( NYSE:HIG ) insiders sold a substantial stake in...

Simply Wall St. 4 days ago

HIG
-0.27%
How Hurricane Milton could change the insurance market

In a new note, Piper Sandler said that Hurricane Milton could significantly change the insurance market. Piper Sandler managing director Paul Newsome joins Market Domination Overtime to lay out the case and discuss how the market is particularly changing in Florida. Newsome expects a lot of uncertainty for the industry after the hurricane hits, saying, "We don't know what the losses will be. They could be the biggest we've ever seen. Theoretically, that could have wide-ranging changing effects on the industry for pricing terms and conditions, how the things are regulated." While insurance stocks were under pressure as the storm barreled toward Florida, he explains, "They're already starting to recover a little bit because I think the peak here was probably yesterday, and the industry is designed to handle a large event and spread the losses globally." He adds that the stocks will likely bounce back a week or two after the storm when there is more clarity about the state of the damage. Newsome covers Heritage Insurance (HRTG) and Universal Insurance (UVE), both of which have large positions in Florida. He tells Yahoo Finance, "They rely heavily on reinsurance. They buy an enormous amount — something like 30+% of your premium in Florida will go to reinsurance costs. They'll have a limit loss, most likely meaning that the full deduction on their reinsurance and then, with our fingers crossed, hopefully the damage is not that bad and it goes to the top. And that's essentially the limit for the losses that they will take. And it'll all get pushed out to the reinsurers on a global basis." He notes that Florida is becoming an increasingly expensive place to live as the frequency of storms combined with other factors have been driving up insurance rates. Many large insurers have even decided to stop covering the state. "I don't think the big insurers are coming back anytime soon," Newsome says, adding that the insurers left behind will be heavily reliant on the reinsurance market. "This is ultimately a cost-plus industry. And so as the storms continue to hit and become increasingly costly, you're just going to have increased costs that get pressed down to the consumer. There's really nothing you can do about that other than try to make some structural changes to reduce litigation and make the market more efficient, but it's just always going to be a costly state to buy home insurance. And if you think that you're going to see more and more of these storms, that unfortunately just means you're going to pay more in costs over time," he concludes. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Melanie Riehl

Yahoo Finance Video 9 days ago

HRTG

PGR
-0.09%
CB
-0.08%
Should You Be Adding Hartford Financial Services Group (NYSE:HIG) To Your Watchlist Today?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Simply Wall St. 18 days ago

HIG
-0.27%
Investors in Hartford Financial Services Group (NYSE:HIG) have seen solid returns of 126% over the past five years

The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, if...

Simply Wall St. 22 days ago

HIG
-0.27%
The Hartford Financial Services Group, Inc.'s (NYSE:HIG) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

Hartford Financial Services Group's (NYSE:HIG) stock is up by a considerable 13% over the past three months. Given that...

Simply Wall St. 28 days ago

HIG
-0.27%
The Hartford Launches New Resources To Enhance Leave Management Support For Employers And Their Employees

HARTFORD, Conn., September 19, 2024--The Hartford, a leading provider of employee benefits and absence management services, is launching two new technology resources designed to guide U.S. workers through the leave experience, and provide employers with insights into their employees’ absences. These new tools – Leave LensSM and the Absence Dashboard – are part of The Hartford’s continued effort to help employers and their employees navigate the complexities of leave planning and management as ac

Business Wire 29 days ago

HIG
-0.27%
5 Stocks With High ROE to Buy as Markets Skid Off the Peak

UPBD, HIG, ACGL, PHM and BCH are some of the stocks with high ROE to profit from as markets skid from fresh 52-week highs.

Zacks 29 days ago

BCH

ACGL

UPBD
Hartford Financial Stock Jumps 42.5% YTD: Buy More or Buckle Up?

HIG's balance sheet strength enables it to make shareholder value-boosting efforts.

Zacks last month

HIG
-0.27%
The Hartford And Active Minds Collaborate To Bring Mental Health Exhibit To U.S. College Campuses

HARTFORD, Conn., September 09, 2024--The Hartford, a leading provider of employee benefits, and Active Minds, a leading mental health nonprofit organization, are expanding their partnership to bring the award-winning Send Silence Packing® exhibit to more than 100 U.S. college and university campuses in 2024 and 2025. Announcing the expanded partnership during National Suicide Prevention Month, Active Minds released new data that shows 76% of Send Silence Packing attendees supported their own wel

Business Wire last month

HIG
-0.27%
Here's Why We Think Hartford Financial Services Group (NYSE:HIG) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Simply Wall St. last month

HIG
-0.27%
Hartford Financial Unit Correct in Terminating Former Employee's Long-term Disability Benefits, Court Says

Hartford Financial Unit Correct in Terminating Former Employee's Long-term Disability Benefits, Court Says

PREMIUM
MT Newswires last month

HIG
-0.27%
Hartford Financial Services Group's (NYSE:HIG) investors will be pleased with their solid 116% return over the last five years

These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But you can do a...

Simply Wall St. last month

HIG
-0.27%
Is The Hartford Financial Services Group, Inc.'s (NYSE:HIG) Stock's Recent Performance A Reflection Of Its Financial Health?

Most readers would already know that Hartford Financial Services Group's (NYSE:HIG) stock increased by 7.1% over the...

Simply Wall St. 2 months ago

HIG
-0.27%
The Hartford Financial Services Group, Inc. (HIG): A Good Property and Casualty Insurance Stock to Buy?

We recently compiled a list of the 10 Best Property & Casualty Insurance Stocks to Buy. In this article, we are going to take a look at where The Hartford Financial Services Group, Inc. (NYSE:HIG) stands against the other property and casualty insurance stocks. Property and casualty (P&C) insurers face the hardest market mainly because of […]

Insider Monkey 2 months ago

HIG
-0.27%
Evaluating The Hartford Financial Services Group, Inc. (HIG) Amid Soaring Auto Insurance Rates: A Comparative Review

We recently compiled a list of the Car Insurance Rates Skyrocketing: 10 Best Stocks to Buy. In this article, we are going to take a look at where The Hartford Financial Services Group, Inc. (NYSE:HIG) stands against the other car insurance stocks. Ever since the coronavirus pandemic, a wide variety of industries, ranging from technology […]

Insider Monkey 2 months ago

HIG
-0.27%
Allstate (ALL) to Sell Employer Voluntary Benefits Unit for $2B

Allstate's (ALL) plan to sell its Employer Voluntary Benefits business to The Standard is expected to boost deployable capital by $1.6 billion. The move aligns with ALL's strategy to focus on its core operations.

Zacks 2 months ago

ALL
-0.07%
HIG
-0.27%
RNR
Possible Bearish Signals With Hartford Financial Services Group Insiders Disposing Stock

The fact that multiple The Hartford Financial Services Group, Inc. ( NYSE:HIG ) insiders offloaded a considerable...

Simply Wall St. 2 months ago

HIG
-0.27%
Alight (ALIT) Completes Cloud Migration to Reduce Costs

Alight (ALIT) shifts from data centers to AWS cloud environment in a bid to improve its margins and simplify business.

Zacks 2 months ago

ALIT

HIG
-0.27%
3 Hartford Mutual Funds to Enhance Your Portfolio

Invests in Hartford mutual funds like HRLTX, HIADX and HILTX for a human-centric investment approach.

Zacks 2 months ago

HIG
-0.27%
ProAssurance (PRA) Q2 Earnings Beat, Surge Y/Y on Lower Costs

ProAssurance's (PRA) Q2 results reflect strong underwriting results in the Specialty P&C segment and investment income growth, despite profitability pressures in some segments.

Zacks 2 months ago

PRA

RNR

UNM
-0.92%

Performance Overview

Return	HIG	S&P 500
YTD	+53.85%	+22.95%
1-Year	+70.44%	+34.10%
3-Year	+80.56%	+31.16%

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The Hartford Financial Services Group, Inc. (HIG)

Hartford Financial Services Group Insiders Sold US$3.1m Of Shares Suggesting Hesitancy

How Hurricane Milton could change the insurance market

Should You Be Adding Hartford Financial Services Group (NYSE:HIG) To Your Watchlist Today?

Investors in Hartford Financial Services Group (NYSE:HIG) have seen solid returns of 126% over the past five years

The Hartford Financial Services Group, Inc.'s (NYSE:HIG) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

The Hartford Launches New Resources To Enhance Leave Management Support For Employers And Their Employees

5 Stocks With High ROE to Buy as Markets Skid Off the Peak

Hartford Financial Stock Jumps 42.5% YTD: Buy More or Buckle Up?

The Hartford And Active Minds Collaborate To Bring Mental Health Exhibit To U.S. College Campuses

Here's Why We Think Hartford Financial Services Group (NYSE:HIG) Is Well Worth Watching

Hartford Financial Unit Correct in Terminating Former Employee's Long-term Disability Benefits, Court Says

Hartford Financial Services Group's (NYSE:HIG) investors will be pleased with their solid 116% return over the last five years

Is The Hartford Financial Services Group, Inc.'s (NYSE:HIG) Stock's Recent Performance A Reflection Of Its Financial Health?

The Hartford Financial Services Group, Inc. (HIG): A Good Property and Casualty Insurance Stock to Buy?

Evaluating The Hartford Financial Services Group, Inc. (HIG) Amid Soaring Auto Insurance Rates: A Comparative Review

Allstate (ALL) to Sell Employer Voluntary Benefits Unit for $2B

Possible Bearish Signals With Hartford Financial Services Group Insiders Disposing Stock

Alight (ALIT) Completes Cloud Migration to Reduce Costs

3 Hartford Mutual Funds to Enhance Your Portfolio

ProAssurance (PRA) Q2 Earnings Beat, Surge Y/Y on Lower Costs

Performance Overview