What's Happening With Hartford Stock?

Core Insights - Hartford Financial's stock (NYSE: HIG) has increased approximately 39% since early 2024, outperforming the S&P 500 index, which rose by 23% during the same period [1] - The company's Q3 results exceeded expectations, with earnings of $2.53 per share and revenues of$4.7 billion, reflecting an 11% year-over-year increase [1] - Strong underwriting gains in the property and casualty business and improved returns on the investment portfolio are key drivers of Hartford's stock performance [1] Financial Performance - Hartford's property and casualty premiums rose by 10%, driven by growth in both commercial and personal lines [1] - Net investment income increased by 10% to $659 million, benefiting from relatively high interest rates and a stock market rally [1] - The stock has shown consistent growth over the past four years, with returns of 44$117, which is about 7% higher than its current market price [2] - The book value per diluted share is approximately $63, indicating the stock trades at about 1.7 times its book value, which is reasonable compared to peers [2] - The company has authorized a$3.3 billion share repurchase program in 2024, which could enhance per share earnings [2]