$0.89 EPS Expected for Hartford Financial Services Group Inc (HIG) This Quarter

Wall Street analysts predict that Hartford Financial Services Group Inc (NYSE:HIG) will announce earnings per share of $0.89 for the current quarter, Zacks reports. Zero analysts have provided estimates for Hartford Financial Services Group’s earnings, with the highest EPS estimate coming in at $1.17 and the lowest estimate coming in at $0.67. Hartford Financial Services Group posted earnings of $1.08 per share during the same quarter last year, which would indicate a negative year over year growth rate of 17.6%. The company is expected to announce its next earnings results on Thursday, February 1st.

On average, analysts expect that Hartford Financial Services Group will report full year earnings of $3.57 per share for the current fiscal year, with EPS estimates ranging from $3.35 to $3.81. For the next financial year, analysts forecast that the firm will report earnings of $4.46 per share, with EPS estimates ranging from $3.90 to $4.80. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Hartford Financial Services Group.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Monday, October 23rd. The insurance provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the business earned $1.06 earnings per share. The company’s revenue was down .7% on a year-over-year basis.

Several research firms have weighed in on HIG. Goldman Sachs Group began coverage on Hartford Financial Services Group in a research note on Monday, December 4th. They set a “neutral” rating and a $59.00 target price on the stock. Wells Fargo & Company set a $55.00 target price on Hartford Financial Services Group and gave the stock a “hold” rating in a research report on Monday, December 4th. Barclays upped their target price on Hartford Financial Services Group from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $60.00 target price on shares of Hartford Financial Services Group in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research lowered Hartford Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Hartford Financial Services Group has a consensus rating of “Buy” and a consensus target price of $57.75.

Institutional investors have recently bought and sold shares of the company. Dupont Capital Management Corp bought a new stake in shares of Hartford Financial Services Group in the 2nd quarter valued at about $119,000. Sun Life Financial INC grew its position in shares of Hartford Financial Services Group by 26,810.0% in the 2nd quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after buying an additional 2,681 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Hartford Financial Services Group in the 2nd quarter valued at about $148,000. Wesbanco Bank Inc. bought a new stake in shares of Hartford Financial Services Group during the 3rd quarter valued at about $206,000. Finally, Bahl & Gaynor Inc. bought a new stake in shares of Hartford Financial Services Group during the 2nd quarter valued at about $207,000. 88.62% of the stock is owned by institutional investors.

Shares of Hartford Financial Services Group (NYSE:HIG) opened at $55.42 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $19,680.17, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.63 and a beta of 0.98. Hartford Financial Services Group has a twelve month low of $46.35 and a twelve month high of $58.61.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.23. Hartford Financial Services Group’s payout ratio is 76.34%.

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Hartford Financial Services Group Company Profile

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

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