Media coverage about Hartford Financial Services Group (NYSE:HIG) has trended positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hartford Financial Services Group earned a media sentiment score of 0.41 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 46.0378544851467 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- What the sentiment indicator is Signaling: Marathon Petroleum Corporation (MPC), The Hartford Financial Services … – Market Movers (financialqz.com)
- Chubb’s North America Commercial Division’s Income Fell (finance.yahoo.com)
- Zacks: Analysts Anticipate Hartford Financial Services Group Inc (HIG) to Announce $0.71 Earnings Per Share (americanbankingnews.com)
- The Hartford Financial Services Group, Inc., (NYSE: HIG) – Important Factors to Analyse A Good Investment – Stock Watch (stocksnewstimes.com)
- Tax Cut & Cat Loss Make an Impact on Arch Capital in Q4 – Nasdaq (nasdaq.com)
Several research firms have recently commented on HIG. Goldman Sachs Group assumed coverage on Hartford Financial Services Group in a research note on Monday, December 4th. They set a “neutral” rating and a $59.00 price objective for the company. Wells Fargo & Co set a $55.00 target price on Hartford Financial Services Group and gave the stock a “hold” rating in a report on Monday, December 4th. Citigroup assumed coverage on Hartford Financial Services Group in a report on Wednesday, December 20th. They set a “neutral” rating and a $59.00 target price on the stock. Zacks Investment Research lowered Hartford Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Barclays boosted their price target on Hartford Financial Services Group from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $58.92.
Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.68 billion. Hartford Financial Services Group had a return on equity of 8.21% and a net margin of 2.63%. The business’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.06 earnings per share. equities analysts forecast that Hartford Financial Services Group will post 3.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st were given a $0.25 dividend. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.78%. Hartford Financial Services Group’s dividend payout ratio is presently 76.34%.
About Hartford Financial Services Group
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.
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