Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on The Hartford Financial Services Group, Inc. ( NYSE:HIG ) due to its excellent fundamentals in more than one area. HIG is a well-regarded dividend-paying company that has been able to sustain great financial health over the past. Below is a brief commentary on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on Hartford Financial Services Group here .
Established dividend payer with adequate balance sheet
HIG's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This implies that HIG manages its cash and cost levels well, which is a key determinant of the company’s health. HIG appears to have made good use of debt, producing operating cash levels of 0.59x total debt in the prior year. This is a strong indication that debt is reasonably met with cash generated.
For those seeking income streams from their portfolio, HIG is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 2.4%.
For Hartford Financial Services Group, there are three important factors you should further examine:
- Future Outlook : What are well-informed industry analysts predicting for HIG’s future growth? Take a look at our free research report of analyst consensus for HIG’s outlook.
- Historical Performance : What has HIG's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of HIG? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org . This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.