This stock has been impacted by storm losses, legal expenses, and a major market correction, but this has created much lower prices and a great long-term buying opportunity. Earnings estimates are about $1.84 for 2011, and are expected to jump to $3.36 per share in 2012.
Hartford is extremely undervalued and trades at a PE ratio of less than 5 times 2012 earnings. HIG pays a dividend of about 40 cents per share, which is equivalent to a yield of about 2.5%. This stock is trading well below book value which is stated at $49.89. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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