Hartford Financial Services Group Inc Expected to Earn FY2018 Earnings of $4.08 Per Share (HIG)

Hartford Financial Services Group Inc (NYSE:HIG) – B. Riley lowered their FY2018 EPS estimates for Hartford Financial Services Group in a report issued on Tuesday, January 8th. B. Riley analyst R. Binner now expects that the insurance provider will post earnings of $4.08 per share for the year, down from their previous forecast of $4.70. B. Riley currently has a “Buy” rating and a $60.00 price target on the stock. B. Riley also issued estimates for Hartford Financial Services Group’s Q4 2018 earnings at $0.54 EPS.

Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.11. Hartford Financial Services Group had a positive return on equity of 12.20% and a negative net margin of 11.09%. The firm had revenue of $4.80 billion for the quarter.

HIG has been the topic of a number of other reports. Buckingham Research set a $58.00 price target on Hartford Financial Services Group and gave the stock a “buy” rating in a research report on Monday, October 29th. Credit Suisse Group set a $56.00 price target on Hartford Financial Services Group and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Janney Montgomery Scott upgraded Hartford Financial Services Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 4th. TheStreet cut Hartford Financial Services Group from a “b-” rating to a “c+” rating in a research report on Thursday, January 3rd. Finally, Wells Fargo & Co set a $53.00 price target on Hartford Financial Services Group and gave the stock a “hold” rating in a research report on Thursday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Hartford Financial Services Group currently has an average rating of “Buy” and a consensus target price of $56.83.

Shares of Hartford Financial Services Group stock opened at $44.22 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $15.83 billion, a PE ratio of 16.14, a P/E/G ratio of 0.93 and a beta of 0.77. Hartford Financial Services Group has a twelve month low of $40.54 and a twelve month high of $59.20.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Friday, November 30th. Hartford Financial Services Group’s payout ratio is 43.80%.

In related news, EVP David C. Robinson sold 2,395 shares of the stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $45.62, for a total value of $109,259.90. Following the completion of the transaction, the executive vice president now directly owns 19,003 shares of the company’s stock, valued at approximately $866,916.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie Richardson acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The stock was acquired at an average cost of $41.44 per share, with a total value of $207,200.00. Following the completion of the acquisition, the director now directly owns 17,213 shares in the company, valued at $713,306.72. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Advisors Capital Management LLC grew its holdings in Hartford Financial Services Group by 1.9% in the 3rd quarter. Advisors Capital Management LLC now owns 59,035 shares of the insurance provider’s stock worth $2,949,000 after buying an additional 1,090 shares in the last quarter. SG Americas Securities LLC grew its holdings in Hartford Financial Services Group by 3.6% in the 3rd quarter. SG Americas Securities LLC now owns 32,182 shares of the insurance provider’s stock worth $1,608,000 after buying an additional 1,113 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Hartford Financial Services Group by 6.3% in the 3rd quarter. Acadian Asset Management LLC now owns 20,124 shares of the insurance provider’s stock worth $1,005,000 after buying an additional 1,192 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in Hartford Financial Services Group by 1.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 75,055 shares of the insurance provider’s stock worth $3,742,000 after buying an additional 1,200 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Hartford Financial Services Group by 1.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 90,002 shares of the insurance provider’s stock valued at $4,496,000 after purchasing an additional 1,302 shares in the last quarter. 89.26% of the stock is owned by institutional investors and hedge funds.

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. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

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

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