$1.18 Earnings Per Share Expected for Hartford Financial Services Group Inc (HIG) This Quarter

Wall Street brokerages expect that Hartford Financial Services Group Inc (NYSE:HIG) will announce earnings of $1.18 per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Hartford Financial Services Group’s earnings. The highest EPS estimate is $1.25 and the lowest is $1.02. Hartford Financial Services Group reported earnings of $0.81 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 45.7%. The company is scheduled to report its next earnings results on Thursday, February 14th.

On average, analysts expect that Hartford Financial Services Group will report full-year earnings of $4.73 per share for the current financial year, with EPS estimates ranging from $4.60 to $4.80. For the next year, analysts expect that the business will post earnings of $5.02 per share, with EPS estimates ranging from $4.80 to $5.30. Zacks’ EPS calculations are an average based on a survey of analysts that follow Hartford Financial Services Group.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11. The company had revenue of $4.80 billion for the quarter. Hartford Financial Services Group had a negative net margin of 11.09% and a positive return on equity of 12.20%.

A number of research firms have commented on HIG. Zacks Investment Research upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Wednesday, August 1st. Buckingham Research set a $58.00 target price on shares of Hartford Financial Services Group and gave the company a “buy” rating in a report on Monday, October 29th. Royal Bank of Canada lowered their target price on shares of Hartford Financial Services Group to $58.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. They noted that the move was a valuation call. B. Riley lifted their target price on shares of Hartford Financial Services Group from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Finally, Wells Fargo & Co set a $56.00 target price on shares of Hartford Financial Services Group and gave the company a “hold” rating in a report on Friday, October 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $57.82.

NYSE HIG opened at $46.59 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94. Hartford Financial Services Group has a one year low of $43.31 and a one year high of $59.20.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, November 30th. Hartford Financial Services Group’s payout ratio is 43.80%.

In other news, EVP David C. Robinson sold 2,395 shares of Hartford Financial Services Group stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $45.62, for a total value of $109,259.90. Following the sale, the executive vice president now owns 19,003 shares of the company’s stock, valued at $866,916.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. DnB Asset Management AS purchased a new stake in Hartford Financial Services Group during the second quarter worth about $2,294,000. IFM Investors Pty Ltd boosted its holdings in Hartford Financial Services Group by 42.7% during the second quarter. IFM Investors Pty Ltd now owns 16,397 shares of the insurance provider’s stock worth $838,000 after buying an additional 4,906 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Hartford Financial Services Group by 24.5% during the second quarter. State of Alaska Department of Revenue now owns 75,638 shares of the insurance provider’s stock worth $3,867,000 after buying an additional 14,870 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in Hartford Financial Services Group during the second quarter worth about $367,000. Finally, Gateway Investment Advisers LLC purchased a new stake in Hartford Financial Services Group during the second quarter worth about $4,675,000. 89.46% of the stock is currently owned by institutional investors and hedge funds.

Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

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

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