Hartford Financial Services Group, Inc. (The) (NYSE:HIG) – Langen Mcalenn raised their Q3 2017 EPS estimates for shares of Hartford Financial Services Group, Inc. (The) in a note issued to investors on Monday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the insurance provider will post earnings per share of $0.66 for the quarter, up from their previous forecast of $0.63. Langen Mcalenn also issued estimates for Hartford Financial Services Group, Inc. (The)’s FY2017 earnings at $3.95 EPS.

Several other equities research analysts also recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $60.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Buckingham Research assumed coverage on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, September 11th. They set a “buy” rating and a $63.00 price objective on the stock. BidaskClub downgraded shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, Barclays PLC upped their price objective on shares of Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Hartford Financial Services Group, Inc. (The) presently has a consensus rating of “Buy” and a consensus price target of $57.00.

WARNING: “Langen Mcalenn Weighs in on Hartford Financial Services Group, Inc. (The)’s Q3 2017 Earnings (HIG)” was originally published by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/10/11/langen-mcalenn-weighs-in-on-hartford-financial-services-group-inc-thes-q3-2017-earnings-hig.html.

Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) opened at 55.93 on Wednesday. The stock’s 50 day moving average is $54.49 and its 200-day moving average is $52.00. The firm has a market cap of $20.38 billion, a PE ratio of 30.70 and a beta of 0.91. Hartford Financial Services Group, Inc. has a 1-year low of $42.30 and a 1-year high of $57.16.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.10. The company had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. Hartford Financial Services Group, Inc. (The)’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC lifted its holdings in Hartford Financial Services Group, Inc. (The) by 10.0% during the second quarter. Aperio Group LLC now owns 237,939 shares of the insurance provider’s stock valued at $12,508,000 after purchasing an additional 21,637 shares during the last quarter. Andra AP fonden lifted its holdings in Hartford Financial Services Group, Inc. (The) by 1.6% during the second quarter. Andra AP fonden now owns 113,300 shares of the insurance provider’s stock valued at $5,956,000 after purchasing an additional 1,800 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in Hartford Financial Services Group, Inc. (The) during the second quarter valued at about $30,080,000. Bellwether Investment Group LLC purchased a new stake in Hartford Financial Services Group, Inc. (The) during the second quarter valued at about $332,000. Finally, HM Capital Management LLC purchased a new stake in Hartford Financial Services Group, Inc. (The) during the second quarter valued at about $205,000. 88.23% of the stock is currently owned by institutional investors and hedge funds.

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

About Hartford Financial Services Group, Inc. (The)

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

Receive News & Ratings for Hartford Financial Services Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.