Hartford Financial Services Group (NYSE:HIG) issued its earnings results on Thursday. The insurance provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.77 by $0.04, Bloomberg Earnings reports. Hartford Financial Services Group had a return on equity of 8.21% and a net margin of 2.63%. The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the business posted $1.08 EPS. The company’s revenue was up 14.1% compared to the same quarter last year.
Shares of Hartford Financial Services Group (NYSE HIG) traded up $0.11 during trading on Friday, reaching $53.45. The company had a trading volume of 738,575 shares, compared to its average volume of 2,375,976. Hartford Financial Services Group has a one year low of $46.35 and a one year high of $59.20. The company has a market cap of $19,926.31, a PE ratio of 41.03, a P/E/G ratio of 1.35 and a beta of 0.93. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28.
Several analysts have commented on the company. Wells Fargo & Co set a $56.00 target price on Hartford Financial Services Group and gave the company a “hold” rating in a research note on Friday. Zacks Investment Research upgraded Hartford Financial Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Citigroup assumed coverage on Hartford Financial Services Group in a research note on Wednesday, December 20th. They set a “neutral” rating and a $59.00 target price on the stock. Finally, Credit Suisse Group raised Hartford Financial Services Group from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a report on Tuesday, December 19th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Hartford Financial Services Group currently has an average rating of “Buy” and an average target price of $59.00.
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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