Q1 2018 EPS Estimates for Hartford Financial Services Group Inc Lifted by Langen Mcalenn (HIG)

Hartford Financial Services Group Inc (NYSE:HIG) – Langen Mcalenn boosted their Q1 2018 earnings per share estimates for shares of Hartford Financial Services Group in a report released on Monday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the insurance provider will earn $1.14 per share for the quarter, up from their previous estimate of $1.12. Langen Mcalenn also issued estimates for Hartford Financial Services Group’s Q2 2018 earnings at $0.98 EPS, Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at $1.28 EPS, FY2018 earnings at $4.45 EPS, Q1 2019 earnings at $1.24 EPS, Q2 2019 earnings at $1.09 EPS, Q3 2019 earnings at $1.14 EPS, Q4 2019 earnings at $1.38 EPS and FY2019 earnings at $4.85 EPS.

Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Thursday, February 8th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.04. Hartford Financial Services Group had a negative net margin of 16.79% and a positive return on equity of 7.89%. The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the business earned $1.08 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year.

Several other brokerages have also issued reports on HIG. ValuEngine upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Wells Fargo & Co set a $55.00 target price on shares of Hartford Financial Services Group and gave the stock a “hold” rating in a research report on Monday, December 4th. Goldman Sachs Group assumed coverage on shares of Hartford Financial Services Group in a research report on Monday, December 4th. They issued a “neutral” rating and a $59.00 target price for the company. Citigroup assumed coverage on shares of Hartford Financial Services Group in a research report on Wednesday, December 20th. They issued a “neutral” rating and a $59.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Hartford Financial Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Hartford Financial Services Group presently has an average rating of “Buy” and a consensus target price of $59.00.

Hartford Financial Services Group (NYSE HIG) opened at $53.50 on Tuesday. Hartford Financial Services Group has a 1 year low of $46.35 and a 1 year high of $59.20. The stock has a market cap of $19,260.06, a price-to-earnings ratio of -6.05, a P/E/G ratio of 1.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.27 and a quick ratio of 0.40.

A number of hedge funds and other institutional investors have recently bought and sold shares of HIG. First Manhattan Co. boosted its position in Hartford Financial Services Group by 103.2% during the fourth quarter. First Manhattan Co. now owns 1,969 shares of the insurance provider’s stock valued at $110,000 after buying an additional 1,000 shares during the period. Cerebellum GP LLC purchased a new stake in Hartford Financial Services Group during the fourth quarter valued at about $129,000. Sheaff Brock Investment Advisors LLC purchased a new stake in Hartford Financial Services Group during the fourth quarter valued at about $200,000. Meyer Handelman Co. purchased a new stake in Hartford Financial Services Group during the fourth quarter valued at about $203,000. Finally, Wesbanco Bank Inc. purchased a new stake in Hartford Financial Services Group during the third quarter valued at about $206,000. Institutional investors and hedge funds own 87.59% of the company’s stock.

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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.

Earnings History and Estimates for Hartford Financial Services Group (NYSE:HIG)

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