The Hartford Financial Services Group Inc. (NYSE:HIG) issued its earnings results on Thursday. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.49. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $4.71 billion.
In other news, Director Thomas A. Renyi bought 1,965 shares of the firm’s stock in a transaction dated Monday, June 6th. The stock was acquired at an average price of $44.63 per share, for a total transaction of $87,697.95. Following the acquisition, the director now owns 40,265 shares of the company’s stock, valued at $1,797,026.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Several brokerages recently weighed in on HIG. Evercore ISI began coverage on shares of The Hartford Financial Services Group in a report on Wednesday, July 6th. They issued a “hold” rating and a $47.00 target price on the stock. Zacks Investment Research raised shares of The Hartford Financial Services Group from a “sell” rating to a “hold” rating in a report on Monday, June 20th. FBR & Co reaffirmed an “outperform” rating and issued a $50.00 target price on shares of The Hartford Financial Services Group in a report on Wednesday, June 15th. Royal Bank Of Canada raised their target price on shares of The Hartford Financial Services Group from $40.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, April 12th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of The Hartford Financial Services Group in a report on Saturday, April 30th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The Hartford Financial Services Group currently has a consensus rating of “Buy” and a consensus target price of $49.20.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Wednesday, June 1st were given a dividend of $0.21 per share. The ex-dividend date was Friday, May 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.91%.
The Hartford Financial Services Group, Inc is a holding company. The Company operates through six segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.
