Hartford Insurance Group Inc (HIG) is undervalued and Sun Life Financial Inc (SLF) is overvalued.
Against our estimates of intrinsic value, HIG trades at the wider discount: a margin of safety of +35%, against -50% for SLF.
Values as of the 22 Sept 2026 close.
Book value at 2.50x, the multiple a 21.8% return on equity justifies, blended with earnings, values the shares at $197.10; the price of $128.73 is 35% below that value.
Leak Score 79/100 on 10 of 12 signals
Book value at 1.60x, the multiple a 13.6% return on equity justifies, blended with earnings, values the shares at $53.84; the price of $80.71 is 50% above that value.
Leak Score 27/100 on 3 of 12 signals
| Metric | HIG | SLF |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $128.73 | $80.71 |
| Intrinsic value | $197.10 | $53.84 |
| Margin of safety | +35% | -50% |
| Leak Score | 79/100 (10/12) | 27/100 (3/12) |
| Market cap | $34.9B | $44.9B |
| Revenue growth, 5 years | 6.7% | -2.1% |
| Operating margin | 18.0% | 11.6% |
| Net margin | 14.9% | 7.5% |
| Return on equity | 21.8% | 13.6% |
| Debt to equity | 0.22 | 0.35 |
| P/E | 8.3x | 18.9x |
| Forward P/E | 9.4x | 13.0x |
| P/B | 1.8x | 2.7x |
| Dividend yield | 1.9% | 3.4% |