Hartford Financial Services Group, Inc. (The) (NYSE:HIG) – Equities researchers at FBR & Co lowered their Q4 2017 earnings per share estimates for shares of Hartford Financial Services Group, Inc. (The) in a research report issued on Tuesday. FBR & Co analyst R. Binner now forecasts that the insurance provider will post earnings of $1.02 per share for the quarter, down from their prior estimate of $1.05. FBR & Co currently has a “Mkt Perform” rating and a $54.00 price target on the stock. FBR & Co also issued estimates for Hartford Financial Services Group, Inc. (The)’s Q1 2018 earnings at $1.11 EPS.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The company had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the business earned $0.31 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Hartford Financial Services Group, Inc. (The) Expected to Post Q4 2017 Earnings of $1.02 Per Share (HIG)” was originally reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/11/hartford-financial-services-group-inc-the-expected-to-post-q4-2017-earnings-of-1-02-per-share-hig.html.

A number of other equities research analysts have also recently commented on the stock. UBS AG restated a “buy” rating and issued a $58.00 price target (up from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, June 26th. BidaskClub upgraded shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Buckingham Research started coverage on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, September 11th. They issued a “buy” rating and a $63.00 price target for the company. Zacks Investment Research cut shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $58.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Hartford Financial Services Group, Inc. (The) presently has a consensus rating of “Buy” and a consensus target price of $57.00.

Hartford Financial Services Group, Inc. (NYSE:HIG) opened at 55.93 on Wednesday. Hartford Financial Services Group, Inc. has a one year low of $42.30 and a one year high of $57.16. The firm has a market cap of $20.38 billion, a price-to-earnings ratio of 30.70 and a beta of 0.91. The stock has a 50 day moving average of $54.49 and a 200 day moving average of $52.00.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 1st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s payout ratio is 51.40%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Hartford Financial Services Group, Inc. (The) by 1.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,111 shares of the insurance provider’s stock valued at $216,000 after buying an additional 48 shares during the last quarter. First Allied Advisory Services Inc. grew its holdings in shares of Hartford Financial Services Group, Inc. (The) by 0.5% during the second quarter. First Allied Advisory Services Inc. now owns 12,501 shares of the insurance provider’s stock valued at $659,000 after buying an additional 58 shares during the last quarter. Scotia Capital Inc. grew its holdings in shares of Hartford Financial Services Group, Inc. (The) by 0.3% during the second quarter. Scotia Capital Inc. now owns 33,319 shares of the insurance provider’s stock valued at $1,751,000 after buying an additional 102 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Hartford Financial Services Group, Inc. (The) by 3.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,166 shares of the insurance provider’s stock valued at $219,000 after buying an additional 127 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Hartford Financial Services Group, Inc. (The) by 2.3% during the second quarter. Stratos Wealth Partners LTD. now owns 6,526 shares of the insurance provider’s stock valued at $343,000 after buying an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 88.23% of the company’s stock.

About Hartford Financial Services Group, Inc. (The)

Earnings History and Estimates for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

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