Hartford Financial Services Group (HIG) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Hartford Financial Services Group (NYSE:HIG) posted its earnings results on Thursday. The insurance provider reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.04, Bloomberg Earnings reports. Hartford Financial Services Group had a positive return on equity of 7.46% and a negative net margin of 16.79%. The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the company earned $1.08 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis.

Hartford Financial Services Group (NYSE HIG) opened at $53.98 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $19,027.38, a P/E ratio of -6.11, a price-to-earnings-growth ratio of 1.29 and a beta of 0.93. Hartford Financial Services Group has a 1 year low of $46.35 and a 1 year high of $59.20.

HIG has been the subject of several analyst reports. Barclays boosted their target price on Hartford Financial Services Group from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Zacks Investment Research lowered Hartford Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Wells Fargo & Co restated a “hold” rating and issued a $55.00 target price on shares of Hartford Financial Services Group in a report on Monday, October 23rd. UBS Group boosted their target price on Hartford Financial Services Group from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, B. Riley restated a “neutral” rating on shares of Hartford Financial Services Group in a report on Monday, November 6th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Hartford Financial Services Group has a consensus rating of “Buy” and an average price target of $59.00.

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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.

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

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