Hartford Financial Services Group, Inc. (The) (NYSE:HIG) – Equities researchers at FBR & Co upped their Q4 2017 EPS estimates for Hartford Financial Services Group, Inc. (The) in a research note issued on Tuesday. FBR & Co analyst R. Binner now forecasts that the insurance provider will earn $1.05 per share for the quarter, up from their previous estimate of $1.02. FBR & Co currently has a “Mkt Perform” rating and a $54.00 target price on the stock.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its quarterly earnings data on Monday, October 23rd. The insurance provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Hartford Financial Services Group, Inc. (The) had a net margin of 2.63% and a return on equity of 8.21%. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same period in the previous year, the business earned $1.06 EPS. Hartford Financial Services Group, Inc. (The)’s revenue was down .7% compared to the same quarter last year.

TRADEMARK VIOLATION NOTICE: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/27/hartford-financial-services-group-inc-the-expected-to-earn-q4-2017-earnings-of-1-05-per-share-hig.html.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $58.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a report on Sunday, July 30th. Deutsche Bank AG reaffirmed a “buy” rating and set a $61.00 target price (up from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, August 1st. BidaskClub cut shares of Hartford Financial Services Group, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Finally, Buckingham Research started 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 target price for the company. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Hartford Financial Services Group, Inc. (The) presently has a consensus rating of “Buy” and a consensus target price of $57.25.

Hartford Financial Services Group, Inc. (HIG) traded down 0.68% on Friday, reaching $55.18. 750,547 shares of the company were exchanged. Hartford Financial Services Group, Inc. has a 12-month low of $43.07 and a 12-month high of $57.16. The firm has a 50-day moving average of $54.85 and a 200 day moving average of $52.58. The firm has a market capitalization of $20.10 billion, a P/E ratio of 30.29 and a beta of 0.91.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.80%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is 70.23%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Hartford Financial Services Group, Inc. (The) by 0.4% in the second quarter. Vanguard Group Inc. now owns 36,517,346 shares of the insurance provider’s stock worth $1,919,716,000 after purchasing an additional 158,023 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Hartford Financial Services Group, Inc. (The) by 10.0% during the second quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock valued at $1,580,827,000 after acquiring an additional 2,730,796 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Hartford Financial Services Group, Inc. (The) by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 7,528,791 shares of the insurance provider’s stock valued at $395,789,000 after acquiring an additional 53,677 shares in the last quarter. FMR LLC grew its stake in Hartford Financial Services Group, Inc. (The) by 22.2% during the second quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock valued at $372,144,000 after acquiring an additional 1,284,664 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in Hartford Financial Services Group, Inc. (The) by 0.3% during the second quarter. Diamond Hill Capital Management Inc. now owns 6,161,222 shares of the insurance provider’s stock valued at $323,895,000 after acquiring an additional 21,037 shares in the last quarter. 88.37% of the stock is owned by hedge funds and other institutional investors.

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.