Hartford Financial Services Group Reaches New 52-Week High (HIG)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Hartford Financial Services Group (NYSE: HIG) hit a new 52-week high Friday as it is currently trading at $24.64, above its previous 52-week high of $24.23 with 1.4 million shares traded as of 10:06 a.m. ET. Average volume has been 5.5 million shares over the past 30 days.

Hartford Financial Services Group has a market cap of $10.34 billion and is part of the financial sector and insurance industry. Shares are up 5.7% year to date as of the close of trading on Thursday.

The Hartford Financial Services Group, Inc., together with its subsidiaries, provides insurance and financial services primarily in the United States and Japan. The company has a P/E ratio of 25.8, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Hartford Financial Services Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Hartford Financial Services Group Ratings Report.

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