Equities research analysts predict that Hartford Financial Services Group Inc (NYSE:HIG) will announce earnings of $1.30 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Hartford Financial Services Group’s earnings. The lowest EPS estimate is $1.00 and the highest is $1.45. Hartford Financial Services Group reported earnings per share of $0.78 in the same quarter last year, which suggests a positive year-over-year growth rate of 66.7%. The business is expected to announce its next quarterly earnings report on Monday, February 3rd.

On average, analysts expect that Hartford Financial Services Group will report full year earnings of $5.44 per share for the current year, with EPS estimates ranging from $5.20 to $5.60. For the next financial year, analysts anticipate that the firm will post earnings of $5.54 per share, with EPS estimates ranging from $5.36 to $5.85. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Hartford Financial Services Group.

Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.26. The firm had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Hartford Financial Services Group had a return on equity of 12.69% and a net margin of 8.66%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.15 EPS.

Several brokerages have weighed in on HIG. Royal Bank of Canada boosted their price objective on Hartford Financial Services Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Barclays set a $70.00 price objective on Hartford Financial Services Group and gave the stock a “buy” rating in a report on Monday, August 12th. ValuEngine raised Hartford Financial Services Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 5th. Morgan Stanley boosted their target price on Hartford Financial Services Group from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, Evercore ISI upgraded Hartford Financial Services Group from an “in-line” rating to an “outperform” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.92.

In related news, CFO Beth Ann Costello sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $57.70, for a total value of $288,500.00. Following the completion of the transaction, the chief financial officer now directly owns 46,245 shares in the company, valued at approximately $2,668,336.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brion S. Johnson sold 3,299 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $60.79, for a total value of $200,546.21. Following the completion of the transaction, the executive vice president now owns 23,649 shares of the company’s stock, valued at $1,437,622.71. The disclosure for this sale can be found here. Insiders have sold a total of 62,337 shares of company stock valued at $3,720,785 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of HIG. Prime Capital Investment Advisors LLC acquired a new position in shares of Hartford Financial Services Group in the 3rd quarter valued at approximately $25,000. Virtus ETF Advisers LLC acquired a new position in shares of Hartford Financial Services Group in the 2nd quarter valued at approximately $26,000. NuWave Investment Management LLC grew its position in shares of Hartford Financial Services Group by 950.0% in the 2nd quarter. NuWave Investment Management LLC now owns 504 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 456 shares during the period. Rational Advisors LLC grew its position in shares of Hartford Financial Services Group by 950.0% in the 2nd quarter. Rational Advisors LLC now owns 504 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 456 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in shares of Hartford Financial Services Group in the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 91.75% of the company’s stock.

NYSE:HIG traded up $0.13 on Monday, hitting $61.62. 1,203,896 shares of the stock were exchanged, compared to its average volume of 2,024,680. The stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 1.19 and a beta of 0.62. Hartford Financial Services Group has a 52 week low of $40.54 and a 52 week high of $61.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.29 and a current ratio of 0.29. The company’s 50-day moving average price is $59.00 and its 200 day moving average price is $57.02.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.30 per share. The ex-dividend date is Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 1.95%. Hartford Financial Services Group’s payout ratio is currently 27.71%.

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. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.

Further Reading: Diluted Earnings Per Share

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

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