HIG Intrinsic Value – HARTFORD FINANCIAL SERVICES Reports Second Quarter FY2023 Financial Results
July 30, 2023
🌥️Earnings Overview
HARTFORD FINANCIAL SERVICES ($NYSE:HIG) reported total revenue of USD 6017.0 million for the second quarter of FY2023, up from the same period a year prior by 12.0%. Net income increased by 23.8% year over year to USD 547.0 million. These results were reported on June 30th, 2023.
Price History
The company’s stock opened at $75.9 and closed at $76.1, representing a 0.5% rise from the previous day’s closing price of $75.7. The strong results were helped by the company’s cost-cutting measures and expansion efforts into new markets. The company’s strong performance and solid financial results have led to investors increasing confidence in the stock. HARTFORD’s stock is up significantly from last year, and the company continues to be a leader in the insurance and financial services industries. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HIG. More…
| Total Revenues | Net Income | Net Margin |
| 23.27k | 1.99k | 8.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HIG. More…
| Operations | Investing | Financing |
| 3.43k | -1.61k | -1.94k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HIG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 73.89k | 59.74k | 46.09 |
Key Ratios Snapshot
Some of the financial key ratios for HIG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.9% | – | 11.5% |
| FCF Margin | ROE | ROA |
| 13.9% | 11.8% | 2.3% |
Analysis – HIG Intrinsic Value
At GoodWhale, we conducted an analysis of HARTFORD FINANCIAL SERVICES’s wellbeing and found that the intrinsic value of the HARTFORD FINANCIAL SERVICES share is around $71.8, calculated using our proprietary Valuation Line. At the current time, the stock is trading at $76.1, which is a fair price, though it is slightly overvalued by 5.9%. This indicates that now may be a suitable time to invest in HARTFORD FINANCIAL SERVICES shares. More…
Peers
The Hartford Financial Services Group Inc is one of many companies in the highly competitive financial services industry.
– Zavarovalnica Triglav DD ($LTS:0KFO)
Zavarovalnica Triglav DD is a leading provider of insurance and financial services in Slovenia. With a market capitalization of 785.79 Million Euros as of 2022, the company has proven to be a reliable and profitable investment for shareholders. The Return on Equity (ROE) of 11.37% is a testament to its solid financial performance over the years. Zavarovalnica Triglav DD offers a range of products and services, including motor vehicle, life, health, property and liability insurance, as well as savings and investment solutions. Its extensive network of branches and agents covers all of Slovenia, providing customers with convenient access to high quality products and services.
– American International Group Inc ($NYSE:AIG)
American International Group Inc (AIG) is a leading global insurance provider that offers a range of products and services to its customers. As of 2022, the company has a market capitalization of 46.66 billion dollars, reflecting its strong financial performance and market position. Additionally, AIG boasts an impressive Return on Equity (ROE) of 29.87%, which is significantly higher than the industry average. This suggests that AIG is able to generate a high return on the investments made by its shareholders.
– HCI Group Inc ($NYSE:HCI)
HCI Group Inc is a property and casualty insurance holding company based in Tampa, Florida. It specializes in providing personal, commercial, and reinsurance products and services to individuals, businesses, and governmental entities throughout the United States. With a market cap of 319.54M as of 2022, HCI Group Inc is a relatively large company in the insurance sector. The company’s Return on Equity (ROE) of -19.11% is a sign that the company has not been able to generate profits for its shareholders. This is largely due to its high overhead costs, which have depressed margins and profitability.
Summary
HARTFORD FINANCIAL SERVICES has achieved a strong financial performance in the second quarter of FY2023. Total revenue increased by 12.0% compared to the same period last year, and net income rose 23.8%. Despite economic uncertainty in the current market, investing in HARTFORD FINANCIAL SERVICES is a wise decision due to its strong revenue and income growth. The company appears to be financially sound and investors should benefit from their long-term investment in the company.
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