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Why The Hartford (HIG) is a Top Value Stock for the Long-Term

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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why Investors Should Pay Attention to This Value Stock

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.

The Hartford (HIG)

Founded in 1810 and headquartered in Hartford, CT, The Hartford Financial Services Group Inc. is one of the major multi-line insurance and investment companies in the country, providing investment products, group life and group disability insurance, property and casualty (P&C) insurance and mutual funds in the U.S.

HIG sits at a Zacks Rank #3 (Hold), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Insurance - Multi line industry's P/E of 10.6X, shares of The Hartford are trading at a forward P/E of 10.4X. HIG also has a PEG Ratio of 1.5, a Price/Cash Flow ratio of 8.8X, and a Price/Sales ratio of 1.1X.

Many value investors pay close attention to a company's earnings as well. For HIG, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.14 to $6.95 per share for 2022. Per share HIG boasts an average earnings surprise of 42.5%.

Investors should take the time to consider HIG for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.


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Zacks Investment Research