News stories about Hartford Financial Services Group (NYSE:HIG) have trended positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hartford Financial Services Group earned a news impact score of 0.44 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 46.3734839346158 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Hartford Financial to Buy Foremost Small Commercial Lines (finance.yahoo.com)
- The Hartford Enters Renewal Rights Agreement For The Small Commercial Independent Agent Business Of Foremost … – Business Wire (press release) (businesswire.com)
- Why Technical Analysis Matters on The Hartford Financial Services Group, Inc. (HIG) – Wall Street Morning (wallstreetmorning.com)
- The Hartford Enters Renewal Rights Agreement For The Small Commercial Independent Agent Business Of Foremost Insurance (finance.yahoo.com)
- $1.14 Earnings Per Share Expected for Hartford Financial Services Group Inc (HIG) This Quarter (americanbankingnews.com)
Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. UBS Group increased their target price on shares of Hartford Financial Services Group from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Wells Fargo & Co set a $56.00 target price on shares of Hartford Financial Services Group and gave the stock a “hold” rating in a research note on Friday, February 9th. Credit Suisse Group raised shares of Hartford Financial Services Group from a “neutral” rating to an “outperform” rating and set a $65.00 target price on the stock in a research note on Tuesday, December 19th. Finally, Goldman Sachs Group assumed coverage on shares of Hartford Financial Services Group in a research note on Monday, December 4th. They set a “neutral” rating and a $59.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $59.00.
Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. sell-side analysts forecast that Hartford Financial Services Group will post 4.39 earnings per share for the current fiscal year.
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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.
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