$1.30 Earnings Per Share Expected for Hartford Financial Services Group Inc (NYSE:HIG) This Quarter

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Equities research analysts predict that Hartford Financial Services Group Inc (NYSE:HIG) will announce earnings per share (EPS) of $1.30 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Hartford Financial Services Group’s earnings, with estimates ranging from $1.00 to $1.45. Hartford Financial Services Group posted earnings of $0.78 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 66.7%. The firm is expected to report its next 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 year, analysts anticipate that the company will report earnings of $5.54 per share, with EPS estimates ranging from $5.36 to $5.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Hartford Financial Services Group.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.26. The company 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 business’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $1.15 earnings per share.

A number of research firms recently issued reports on HIG. Barclays set a $70.00 price target on Hartford Financial Services Group and gave the company a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada lifted their price target on Hartford Financial Services Group from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. ValuEngine raised Hartford Financial Services Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 5th. Buckingham Research lifted their price target on Hartford Financial Services Group from $60.00 to $63.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, MKM Partners lifted their price target on Hartford Financial Services Group to $70.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Hartford Financial Services Group has a consensus rating of “Buy” and a consensus target price of $63.92.

Shares of NYSE HIG traded up $0.13 during midday trading on Monday, reaching $61.62. 1,203,896 shares of the company traded hands, compared to its average volume of 2,024,680. The firm has a market cap of $22.11 billion, a PE ratio of 14.23, a PEG ratio of 1.19 and a beta of 0.62. The stock’s 50-day simple moving average is $59.00 and its 200-day simple moving average is $57.02. Hartford Financial Services Group has a 12 month low of $40.54 and a 12 month 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.95%. Hartford Financial Services Group’s dividend payout ratio is 27.71%.

In related news, EVP Brion S. Johnson sold 3,299 shares of Hartford Financial Services Group stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $60.79, for a total value of $200,546.21. Following the completion of the sale, the executive vice president now directly owns 23,649 shares in the company, valued at $1,437,622.71. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert W. Paiano sold 3,011 shares of Hartford Financial Services Group stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $59.26, for a total value of $178,431.86. Following the completion of the sale, the executive vice president now owns 31,367 shares of the company’s stock, valued at $1,858,808.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,337 shares of company stock valued at $3,720,785. Corporate insiders own 1.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Hartford Financial Services Group by 1.2% in the second quarter. Vanguard Group Inc. now owns 39,015,898 shares of the insurance provider’s stock worth $2,173,965,000 after purchasing an additional 471,784 shares during the period. BlackRock Inc. increased its position in Hartford Financial Services Group by 8.1% in the second quarter. BlackRock Inc. now owns 30,044,477 shares of the insurance provider’s stock worth $1,674,077,000 after purchasing an additional 2,257,147 shares during the period. Invesco Ltd. increased its position in Hartford Financial Services Group by 2.9% in the second quarter. Invesco Ltd. now owns 15,939,178 shares of the insurance provider’s stock worth $888,131,000 after purchasing an additional 455,406 shares during the period. Bank of New York Mellon Corp increased its position in Hartford Financial Services Group by 15.5% in the second quarter. Bank of New York Mellon Corp now owns 5,644,890 shares of the insurance provider’s stock worth $314,533,000 after purchasing an additional 758,207 shares during the period. Finally, LSV Asset Management increased its position in Hartford Financial Services Group by 2.6% in the second quarter. LSV Asset Management now owns 5,524,159 shares of the insurance provider’s stock worth $307,806,000 after purchasing an additional 137,637 shares during the period. Hedge funds and other institutional investors own 91.75% of the company’s stock.

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.

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

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