Analysts Expect Hartford Financial Services Group, Inc. (The) (HIG) Will Post Earnings of $1.02 Per Share

Wall Street analysts predict that Hartford Financial Services Group, Inc. (The) (NYSE:HIG) will report earnings of $1.02 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Hartford Financial Services Group, Inc. (The)’s earnings, with the lowest EPS estimate coming in at $0.89 and the highest estimate coming in at $1.23. Hartford Financial Services Group, Inc. (The) posted earnings per share of $1.08 in the same quarter last year, which would indicate a negative year over year growth rate of 5.6%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 1st.

On average, analysts expect that Hartford Financial Services Group, Inc. (The) will report full year earnings of $3.68 per share for the current year, with EPS estimates ranging from $3.55 to $3.85. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.68 per share, with EPS estimates ranging from $4.50 to $4.85. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Hartford Financial Services Group, Inc. (The).

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. Hartford Financial Services Group, Inc. (The) 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 analyst estimates of $4.68 billion. During the same period in the prior year, the business earned $1.06 earnings per share. Hartford Financial Services Group, Inc. (The)’s quarterly revenue was down .7% on a year-over-year basis.

HIG has been the topic of a number of research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $60.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research report on Thursday, August 31st. Buckingham Research initiated coverage on shares of Hartford Financial Services Group, Inc. (The) in a research report on Monday, September 11th. They set a “buy” rating and a $63.00 target price on the stock. Zacks Investment Research upgraded shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Friday, September 22nd. Royal Bank Of Canada reiterated a “buy” rating and set a $54.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research report on Wednesday, July 12th. Finally, Wells Fargo & Company reiterated a “hold” rating and set a $55.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research report on Monday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $57.42.

A number of institutional investors and hedge funds have recently bought and sold shares of HIG. HighTower Advisors LLC raised its holdings in Hartford Financial Services Group, Inc. (The) by 66.9% in the first quarter. HighTower Advisors LLC now owns 23,104 shares of the insurance provider’s stock worth $1,109,000 after purchasing an additional 9,259 shares during the period. DnB Asset Management AS raised its holdings in Hartford Financial Services Group, Inc. (The) by 1.2% in the second quarter. DnB Asset Management AS now owns 42,373 shares of the insurance provider’s stock worth $2,228,000 after purchasing an additional 500 shares during the period. Capstone Asset Management Co. raised its holdings in Hartford Financial Services Group, Inc. (The) by 0.3% in the second quarter. Capstone Asset Management Co. now owns 51,341 shares of the insurance provider’s stock worth $2,699,000 after purchasing an additional 176 shares during the period. Atria Investments LLC acquired a new stake in Hartford Financial Services Group, Inc. (The) in the second quarter worth $247,000. Finally, NN Investment Partners Holdings N.V. raised its holdings in Hartford Financial Services Group, Inc. (The) by 67.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 114,099 shares of the insurance provider’s stock worth $5,998,000 after purchasing an additional 45,764 shares during the period. Institutional investors own 88.31% of the company’s stock.

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Shares of Hartford Financial Services Group, Inc. (NYSE HIG) traded up $0.13 during mid-day trading on Friday, hitting $55.84. 1,452,197 shares of the stock were exchanged, compared to its average volume of 1,892,922. Hartford Financial Services Group, Inc. has a 12 month low of $43.18 and a 12 month high of $57.16. The firm has a market capitalization of $19,919.19, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 1.60 and a beta of 0.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be issued a $0.25 dividend. This is a positive change from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, November 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is currently 70.23%.

Hartford Financial Services Group, Inc. (The) Company Profile

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Earnings History and Estimates for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

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