Hartford Financial Services Group Inc (NYSE:HIG) – Equities researchers at Langen Mcalenn raised their Q1 2017 earnings per share estimates for shares of Hartford Financial Services Group in a research report issued on Monday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the insurance provider will post earnings of $1.00 per share for the quarter, up from their prior estimate of $0.97. Langen Mcalenn also issued estimates for Hartford Financial Services Group’s FY2017 earnings at $4.15 EPS.

A number of other research firms have also commented on HIG. Zacks Investment Research lowered shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Barclays PLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Hartford Financial Services Group in a research note on Monday, January 9th. Credit Suisse Group AG lowered shares of Hartford Financial Services Group from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $51.00 to $53.00 in a research note on Friday, January 6th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Hartford Financial Services Group in a research note on Thursday, April 6th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Hartford Financial Services Group in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Hartford Financial Services Group presently has a consensus rating of “Hold” and a consensus price target of $50.55.

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

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Shares of Hartford Financial Services Group (NYSE:HIG) opened at 47.63 on Wednesday. The company has a market capitalization of $17.63 billion, a PE ratio of 20.98 and a beta of 1.22. Hartford Financial Services Group has a 52 week low of $38.92 and a 52 week high of $50.26. The firm’s 50-day moving average is $48.27 and its 200 day moving average is $47.19.



Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, February 2nd. The insurance provider reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.14. The firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.72 billion. Hartford Financial Services Group had a net margin of 4.90% and a return on equity of 7.40%. During the same period in the prior year, the firm earned $1.07 earnings per share.

A number of institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its position in Hartford Financial Services Group by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 2,293 shares of the insurance provider’s stock valued at $106,000 after buying an additional 10 shares during the last quarter. FineMark National Bank & Trust raised its position in Hartford Financial Services Group by 29.8% in the third quarter. FineMark National Bank & Trust now owns 2,827 shares of the insurance provider’s stock valued at $122,000 after buying an additional 649 shares during the last quarter. Hartford Financial Management Inc. raised its position in Hartford Financial Services Group by 489.6% in the first quarter. Hartford Financial Management Inc. now owns 2,653 shares of the insurance provider’s stock valued at $127,000 after buying an additional 2,203 shares during the last quarter. Virtus Investment Advisers Inc. bought a new position in Hartford Financial Services Group during the third quarter valued at $136,000. Finally, SRB Corp raised its position in Hartford Financial Services Group by 25.1% in the third quarter. SRB Corp now owns 3,941 shares of the insurance provider’s stock valued at $169,000 after buying an additional 790 shares during the last quarter. Institutional investors own 89.59% of the company’s stock.

In other news, Director Teresa Wynn Roseborough bought 1,005 shares of the stock in a transaction dated Wednesday, March 1st. The stock was bought at an average price of $49.72 per share, for a total transaction of $49,968.60. Following the completion of the acquisition, the director now directly owns 5,755 shares in the company, valued at approximately $286,138.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.23% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Monday, March 6th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $0.92 annualized dividend and a dividend yield of 1.93%. Hartford Financial Services Group’s dividend payout ratio is currently 41.26%.

About Hartford Financial Services Group

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