Wall Street analysts expect Hartford Financial Services Group Inc (NYSE:HIG) to post earnings per share of $0.71 for the current quarter, according to Zacks. Zero analysts have issued estimates for Hartford Financial Services Group’s earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.66. Hartford Financial Services Group posted earnings of $1.08 per share in the same quarter last year, which suggests a negative year over year growth rate of 34.3%. The firm is expected to announce its next earnings report after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that Hartford Financial Services Group will report full-year earnings of $3.35 per share for the current financial year, with EPS estimates ranging from $3.31 to $3.38. For the next financial year, analysts expect that the company will post earnings of $4.25 per share, with EPS estimates ranging from $3.80 to $4.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Hartford Financial Services Group.

Hartford Financial Services Group (NYSE:HIG) last issued its earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the previous year, the company earned $1.06 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year.

Several research analysts recently issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Hartford Financial Services Group in a research report on Monday, December 4th. They set a “neutral” rating and a $59.00 price target on the stock. Wells Fargo & Co set a $55.00 price target on shares of Hartford Financial Services Group and gave the stock a “hold” rating in a research report on Monday, December 4th. Citigroup assumed coverage on shares of Hartford Financial Services Group in a research report on Wednesday, December 20th. They set a “neutral” rating and a $59.00 price target on the stock. Zacks Investment Research downgraded shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Barclays upped their price target on shares of Hartford Financial Services Group from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Hartford Financial Services Group has an average rating of “Hold” and an average target price of $58.92.

Hartford Financial Services Group (NYSE HIG) opened at $55.29 on Monday. The stock has a market cap of $19,722.98, a PE ratio of 42.21, a P/E/G ratio of 1.37 and a beta of 0.99. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. Hartford Financial Services Group has a 52-week low of $46.35 and a 52-week high of $58.61.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st were issued a dividend of $0.25 per share. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, November 30th. Hartford Financial Services Group’s payout ratio is currently 76.34%.

A number of large investors have recently made changes to their positions in HIG. Janus Henderson Group PLC raised its holdings in Hartford Financial Services Group by 5,984.5% during the 2nd quarter. Janus Henderson Group PLC now owns 3,181,908 shares of the insurance provider’s stock worth $167,272,000 after purchasing an additional 3,129,613 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Hartford Financial Services Group by 226.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,921,539 shares of the insurance provider’s stock worth $106,511,000 after purchasing an additional 1,333,127 shares during the last quarter. FMR LLC raised its holdings in Hartford Financial Services Group by 22.2% during the 2nd quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock worth $372,144,000 after purchasing an additional 1,284,664 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Hartford Financial Services Group by 31.7% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,202,001 shares of the insurance provider’s stock worth $232,917,000 after purchasing an additional 1,012,591 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC bought a new stake in Hartford Financial Services Group during the 2nd quarter worth about $35,486,000. 88.25% of the stock is owned by hedge funds and other institutional investors.

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Hartford Financial Services Group Company Profile

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