The Hartford Financial Services Group (NYSE:HIG – Get Free Report) posted its quarterly earnings results on Thursday. The insurance provider reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.09), Briefing.com reports. The Hartford Financial Services Group had a return on equity of 19.82% and a net margin of 10.21%. The company had revenue of $6.42 billion during the quarter, compared to analyst estimates of $6.51 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis.
The Hartford Financial Services Group Stock Down 0.8 %
Shares of NYSE HIG opened at $99.09 on Friday. The Hartford Financial Services Group has a 1 year low of $67.05 and a 1 year high of $103.64. The firm has a market capitalization of $29.46 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average is $98.45 and its 200-day moving average is $86.07.
The Hartford Financial Services Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Monday, March 4th were given a $0.47 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.88 dividend on an annualized basis and a yield of 1.90%. The Hartford Financial Services Group’s payout ratio is 23.53%.
Insiders Place Their Bets
Analysts Set New Price Targets
HIG has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of The Hartford Financial Services Group from $91.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Raymond James reissued an “outperform” rating and issued a $120.00 price target (up previously from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. UBS Group increased their target price on The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Royal Bank of Canada increased their price objective on The Hartford Financial Services Group from $77.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Monday, February 5th. Finally, The Goldman Sachs Group boosted their target price on shares of The Hartford Financial Services Group from $92.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $105.56.
Check Out Our Latest Analysis on HIG
About The Hartford Financial Services Group
The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.
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