The Hartford Financial Services Group (HIG) is showing strong performance on several fronts. The insurer declared a quarterly dividend of $375 per share of Series G Preferred Stock and has recently declared an increase in dividend to $0.52. Despite some insiders selling shares, World Investment Advisors, Tidal Investments, and several others have purchased or boosted their stakes. HIG's five-year investors have seen returns of 123% and 126%.
HIG reported strong Q3 2024 earnings results characterized by growth, excellent financial performance and revenues beating expectations. The company introduced AI-Powered Benefits Management Solution through an expanded partnership with Workday. HIG's outlook has been revised positively by AM Best and it is poised as a safe insurer with growth indication and low debt. However, the share price underperformed against competitors on a particular Tuesday and insiders disposing stocks may signal caution.
A recent leadership reorganization, succession appointments, and a new board member are part of the changes at HIG. The firm is also retiring from retirement plan business in a $400M sale. HIG has a UK Cyber partnership with Coalition and combined its Operations and Technology in a new structural move.
The Hartford Financial Services Group HIG News Analytics from Wed, 29 Nov 2023 08:00:00 GMT to Sat, 21 Dec 2024 10:52:41 GMT - Rating 7 - Innovation 3 - Information 8 - Rumor -1
