Analysts Issue Forecasts for Hartford Financial Services Group Inc’s Q4 2017 Earnings (HIG)

Hartford Financial Services Group Inc (NYSE:HIG) – Stock analysts at B. Riley issued their Q4 2017 earnings per share estimates for shares of Hartford Financial Services Group in a research note issued to investors on Thursday. B. Riley analyst R. Binner forecasts that the insurance provider will post earnings per share of $0.75 for the quarter. B. Riley has a “Neutral” rating on the stock.

Hartford Financial Services Group (NYSE:HIG) last issued its earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, beating 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 analyst estimates of $4.68 billion. During the same period in the previous year, the company posted $1.06 EPS. The firm’s revenue was down .7% compared to the same quarter last year.

A number of other analysts have also commented on the company. Zacks Investment Research lowered Hartford Financial Services Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 26th. Citigroup began coverage on 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. 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 report on Tuesday, December 19th. Wells Fargo & Co set a $55.00 target price on Hartford Financial Services Group and gave the company a “hold” rating in a research report on Monday, December 4th. Finally, Goldman Sachs Group began coverage on 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Hartford Financial Services Group has an average rating of “Hold” and an average target price of $58.92.

Shares of Hartford Financial Services Group (NYSE HIG) opened at $54.97 on Monday. Hartford Financial Services Group has a 12-month low of $46.35 and a 12-month high of $58.61. The company has a market capitalization of $19,610.00, a PE ratio of 41.96, a P/E/G ratio of 1.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Hartford Financial Services Group by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 36,517,346 shares of the insurance provider’s stock worth $1,919,716,000 after purchasing an additional 158,023 shares in the last quarter. FMR LLC grew its holdings in shares of Hartford Financial Services Group by 22.2% in the second quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock valued at $372,144,000 after acquiring an additional 1,284,664 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Hartford Financial Services Group by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,688,545 shares of the insurance provider’s stock valued at $299,059,000 after acquiring an additional 64,113 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Hartford Financial Services Group by 31.7% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,202,001 shares of the insurance provider’s stock valued at $232,917,000 after acquiring an additional 1,012,591 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Hartford Financial Services Group by 31.0% in the third quarter. Janus Henderson Group PLC now owns 4,168,047 shares of the insurance provider’s stock valued at $231,034,000 after acquiring an additional 986,139 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st were issued a dividend of $0.25 per share. This is a positive change from Hartford Financial Services Group’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Thursday, November 30th. Hartford Financial Services Group’s payout ratio is currently 76.34%.

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