Hartford Financial Services Group (NYSE:HIG) is set to post its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Hartford Financial Services Group to post earnings of $1.15 per share for the quarter.
Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.24 by $0.15. The business had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Hartford Financial Services Group had a return on equity of 12.46% and a net margin of 9.58%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.27 EPS. On average, analysts expect Hartford Financial Services Group to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
HIG opened at $57.77 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The company has a 50 day simple moving average of $56.44. The firm has a market cap of $20.84 billion, a PE ratio of 13.34, a P/E/G ratio of 1.21 and a beta of 0.68. Hartford Financial Services Group has a 12 month low of $40.54 and a 12 month high of $58.24.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be issued a $0.30 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.08%. Hartford Financial Services Group’s dividend payout ratio is currently 27.71%.
Several analysts have recently commented on HIG shares. UBS Group raised their price target on Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Morgan Stanley set a $620.00 price target on Intuitive Surgical and gave the company a “buy” rating in a report on Friday, July 19th. Wells Fargo & Co reissued a “hold” rating and issued a $70.00 price target on shares of Church & Dwight in a report on Thursday, May 2nd. Barclays set a $34.00 price target on DCP Midstream and gave the company a “hold” rating in a report on Wednesday, May 22nd. Finally, Buckingham Research raised 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. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.31.
In related news, insider Martha Gervasi sold 5,039 shares of Hartford Financial Services Group stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $52.87, for a total transaction of $266,411.93. Following the completion of the transaction, the insider now directly owns 15,210 shares of the company’s stock, valued at $804,152.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Trevor Fetter acquired 10,000 shares of Hartford Financial Services Group stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average cost of $52.19 per share, with a total value of $521,900.00. Following the completion of the acquisition, the director now owns 50,945 shares of the company’s stock, valued at approximately $2,658,819.55. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 95,998 shares of company stock valued at $5,289,543. 1.70% of the stock is currently owned by insiders.
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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