Hartford Financial Services Group Inc (NYSE:HIG) – Equities research analysts at Langen Mcalenn lifted their Q4 2017 earnings per share estimates for shares of Hartford Financial Services Group in a research report issued on Tuesday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the insurance provider will post earnings per share of $0.84 for the quarter, up from their prior forecast of $0.76. Langen Mcalenn also issued estimates for Hartford Financial Services Group’s FY2018 earnings at $4.15 EPS.
HIG has been the subject of a number of other reports. Zacks Investment Research cut Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Wells Fargo & Co reissued a “hold” rating and issued a $55.00 target price on shares of Hartford Financial Services Group in a research note on Monday, October 23rd. B. Riley reissued a “neutral” rating on shares of Hartford Financial Services Group in a research note on Monday, November 6th. Citigroup assumed coverage on Hartford Financial Services Group in a research note on Wednesday, December 20th. They issued a “neutral” rating and a $59.00 target price for the company. Finally, Credit Suisse Group raised Hartford Financial Services Group from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $58.92.
Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Hartford Financial Services Group had a return on equity of 8.21% and a net margin of 2.63%. The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the company. Sun Life Financial INC lifted its holdings in shares of Hartford Financial Services Group by 26,810.0% in the second quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after purchasing an additional 2,681 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in shares of Hartford Financial Services Group in the third quarter valued at about $206,000. Tdam USA Inc. bought a new stake in shares of Hartford Financial Services Group in the third quarter valued at about $208,000. Trexquant Investment LP bought a new stake in shares of Hartford Financial Services Group in the third quarter valued at about $234,000. Finally, OxFORD Asset Management LLP bought a new stake in shares of Hartford Financial Services Group in the third quarter valued at about $235,000. Institutional investors own 88.25% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.78%. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, November 30th. Hartford Financial Services Group’s payout ratio is presently 76.34%.
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Hartford Financial Services Group Company Profile
The Hartford Financial Services Group, Inc is a holding company for insurance and financial services subsidiaries. The Company’s segments include Commercial Lines, which provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the United States; Personal Lines, which provides automobile, homeowners and personal umbrella coverages to individuals across the United States; Group Benefits, which provides group life, accident and disability coverage, and other products and services; Property & Casualty Other Operations, which includes certain property and casualty operations; Mutual Funds, which provides investment management, administration, product distribution and related services to investors; Talcott Resolution, which consists of the run-off of the Company’s the United States individual and institutional annuity, and Private Placement Life Insurance (PPLI) businesses, and Corporate.
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