With 1.81 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.73 million shares. The 52-week range on HIG shows that it touched its highest point at $129.75 and its lowest point at $98.16 during that stretch. It currently has a 1-year price target of $133.71. With its current market cap of 36.72 billion, HIG has annualized dividend of $1.98 while the current yield stands at 1.53%. Beta for the stock currently stands at 0.69.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HIG was up-trending over the past week, with a rise of 0.81%, but this was up by 10.32% over a month. Three-month performance surged to 15.11% while six-month performance rose 9.81%. The stock gained 28.56% in the past year, while it has gained 18.14% so far this year. A look at the trailing 12-month EPS for HIG yields 10.03 with Next year EPS estimates of 12.94. For the next quarter, that number is 2.82. This implies an EPS growth rate of 7.39% for this year and 16.98% for next year. EPS is expected to grow by 11.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.84%.
Float and Shares Shorts:
At present, 285.10 million HIG shares are outstanding with a float of 283.01 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HIG since 7 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $10.20707 being high and $9.79879 being low. For HIG, this leads to a yearly average estimate of $10.01787. Based on analyst estimates, the high estimate for the next quarter is $3.46 and the low estimate is $2.67. The average estimate for the next quarter is thus $2.95.
