{"id":3638,"date":"2023-10-20T11:01:39","date_gmt":"2023-10-20T11:01:39","guid":{"rendered":"https:\/\/infundpros.com\/markets\/hartford-financial-stock-lost-4-ytd-is-correction-in-the-cards\/"},"modified":"2023-10-20T11:01:40","modified_gmt":"2023-10-20T11:01:40","slug":"hartford-financial-stock-lost-4-ytd-is-correction-in-the-cards","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=3638","title":{"rendered":"Hartford Financial Stock Lost 4% YTD, Is Correction In The Cards?"},"content":{"rendered":"
\n

Hartford Financial\u2019s stock (NYSE: HIG) has lost approximately 4% YTD as compared to the 12% rise in the S&P500 index over the same period. Further, at the current price of $73 per share, it is trading 14% below its fair value of $85 \u2013 Trefis\u2019 estimate for Hartford Financial\u2019s valuation<\/strong>. <\/strong><\/p>\n

HIG stock has seen extremely strong gains of 50% from levels of $50 in early January 2021 to around $75 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the increase in HIG stock has been far from consistent. Returns for the stock were 41% in 2021, 10% in 2022, and -4% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 12% in 2023 – indicating that HIG underperformed the S&P<\/strong> in 2023. In fact, consistently beating the S&P 500<\/strong> – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Financial sector including V, JPM, and MA, and even for the megacap stars GOOG, TSLA, and MSFT. In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year<\/strong> over the same period. Why is that?<\/strong> As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could HIG face a similar situation as it did in 2023 and underperform the S&P<\/strong> over the next 12 months – or will it see a strong jump?<\/p>\n

The insurance giant posted mixed results in the first quarter, with earnings beating the consensus but revenues marginally missing the mark. It posted total revenues of $6.05 billion \u2013 up 13% y-o-y, primarily driven by a 9% rise in the earned premiums and an 81% decline in the net realized losses. The premiums mainly benefited from a 10% growth in the property & casualty (P&C) commercial lines and a 7% rise in the group benefits insurance divisions. On the cost front, total benefits, losses & expenses as a % of revenues slightly decreased in the quarter, leading to a 23% y-o-y increase in the adjusted net income to $542 million.<\/p>\n

The company\u2019s top line grew 11% y-o-y to $11.96 billion in the first half of FY2023, driven by growth in net premiums and lower net realized losses. Further, the expenses as a % of revenues decreased over the same period. Overall, the net income improved 22% y-o-y to $1.07 billion.<\/p>\n

<\/fbs-ad><\/p>\n

Moving forward, we expect the premiums to drive the third-quarter results. Notably, the consensus estimates for Q3 revenues and earnings are $6.17 billion and $1.98 respectively. Overall, Hartford Financial\u2019s revenues<\/strong> are forecast to touch $24.01 billion in FY2023. Additionally, HIG\u2019s adjusted net income margin is likely to be around 10%, resulting in an adjusted net income of $2.45 billion and an annual GAAP EPS of $7.58. This coupled with a P\/E multiple of just above 11x will lead to a valuation of $85.<\/p>\n

Invest with Trefis <\/strong>Market Beating Portfolios<\/strong><\/p>\n

See all Trefis <\/strong>Price Estimates<\/strong><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hartford Financial\u2019s stock (NYSE: HIG) has lost approximately 4% YTD as compared to the 12% rise in the S&P500 index over the…<\/p>\n","protected":false},"author":1,"featured_media":3639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-3638","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"\nHartford Financial Stock Lost 4% YTD, Is Correction In The Cards? | inFundPros<\/title>\n<meta name=\"description\" content=\"Hartford Financial\u2019s stock (NYSE: HIG) has lost approximately 4% YTD as compared to the 12% rise in the S&P500 index over the same period. Further, at\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=3638\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hartford Financial Stock Lost 4% YTD, Is Correction In The Cards? | inFundPros\" \/>\n<meta property=\"og:description\" content=\"Hartford Financial\u2019s stock (NYSE: HIG) has lost approximately 4% YTD as compared to the 12% rise in the S&P500 index over the same period. Further, at\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=3638\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-20T11:01:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-20T11:01:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/1697799700_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=3638#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=3638\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Hartford Financial Stock Lost 4% YTD, Is Correction In The Cards?\",\"datePublished\":\"2023-10-20T11:01:39+00:00\",\"dateModified\":\"2023-10-20T11:01:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=3638\"},\"wordCount\":521,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=3638#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=3638\",\"url\":\"https:\/\/infundpros.com\/?p=3638\",\"name\":\"Hartford Financial Stock Lost 4% YTD, Is Correction In The Cards? | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-10-20T11:01:39+00:00\",\"dateModified\":\"2023-10-20T11:01:40+00:00\",\"description\":\"Hartford Financial\u2019s stock (NYSE: HIG) has lost approximately 4% YTD as compared to the 12% rise in the S&P500 index over the same period. Further, at\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=3638#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=3638\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=3638#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hartford Financial Stock Lost 4% YTD, Is Correction In The Cards?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hartford Financial Stock Lost 4% YTD, Is Correction In The Cards? | inFundPros","description":"Hartford Financial\u2019s stock (NYSE: HIG) has lost approximately 4% YTD as compared to the 12% rise in the S&P500 index over the same period. Further, at","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=3638","og_locale":"en_US","og_type":"article","og_title":"Hartford Financial Stock Lost 4% YTD, Is Correction In The Cards? | inFundPros","og_description":"Hartford Financial\u2019s stock (NYSE: HIG) has lost approximately 4% YTD as compared to the 12% rise in the S&P500 index over the same period. Further, at","og_url":"https:\/\/infundpros.com\/?p=3638","og_site_name":"inFundPros","article_published_time":"2023-10-20T11:01:39+00:00","article_modified_time":"2023-10-20T11:01:40+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/1697799700_0x0.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=3638#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=3638"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Hartford Financial Stock Lost 4% YTD, Is Correction In The Cards?","datePublished":"2023-10-20T11:01:39+00:00","dateModified":"2023-10-20T11:01:40+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=3638"},"wordCount":521,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=3638#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=3638","url":"https:\/\/infundpros.com\/?p=3638","name":"Hartford Financial Stock Lost 4% YTD, Is Correction In The Cards? | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-10-20T11:01:39+00:00","dateModified":"2023-10-20T11:01:40+00:00","description":"Hartford Financial\u2019s stock (NYSE: HIG) has lost approximately 4% YTD as compared to the 12% rise in the S&P500 index over the same period. Further, at","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=3638#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=3638"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=3638#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Hartford Financial Stock Lost 4% YTD, Is Correction In The Cards?"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/3638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3638"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/3638\/revisions"}],"predecessor-version":[{"id":3640,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/3638\/revisions\/3640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/3639"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}