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Stock in Focus: The Hartford Financial Services Group, Inc. (HIG)

-- Monday, January 20, 2020, 7:37 --

Company Profile:

The Hartford Financial Services Group, Inc., through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity.The company was founded in 1810 and is headquartered in Hartford, Connecticut.

Recent News:

The Hartford ranked No. 1 for digital capabilities in Dynatrace’s Small Commercial Insurance Scorecard. The competitive benchmark study evaluated the top 10 small commercial insurance brands across eight key areas. The Hartford led multiple categories including Functionality, Privacy and Security, overall Ease of Use, as well as tasks associated with digitally viewing and managing a policy. The company also received high marks for its online and mobile quoting capabilities.

On Dec. 12, 2019, the company announced the appointment of Larry De Shon to the company’s board of directors, effective Feb. 19, 2020. He will serve on the board’s Audit Committee and the Finance, Investment and Risk Management Committee.

For the third quarter ended Sept. 30, 2019, the company reported net income available to common stockholders of $524 million ($1.43 per diluted share) increased 21% over third quarter 2018.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

HIG’s strengths can be seen in its better growth, better profitability and better solvency compared with its peers. Its revenue has increased over recently several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator. The RSI stands at 57.98 with positive bias. We rate The Hartford Financial Services Group, Inc. (HIG) a STRONG BUY.

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