Is Hartford Financial Services Stock a Buy?
Hartford Financial Services Group (NYSE: HIG), better known as The Hartford, had a good year in 2019, returning a market-beating 36.7% -- but 2020 has been a much stiffer challenge. The coronavirus pandemic and the Federal Reserve's move to cut interest rates to the 0% to 0.25% range have certainly changed the outlook for financial services companies.
The Hartford is an insurance and asset management company. It generates most of its revenue -- about 49% -- from its commercial insurance line. Group benefits make up about 28% of revenue, while personal insurance accounts for around 16%. Revenue from the asset management business only makes up about 4.8% of revenue.
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Source Fool.com
