Hartford Financial Services Group Inc (NYSE:HIG) – Equities researchers at B. Riley issued their Q2 2020 earnings per share estimates for shares of Hartford Financial Services Group in a report released on Monday, September 24th. B. Riley analyst R. Binner expects that the insurance provider will earn $1.24 per share for the quarter. B. Riley currently has a “Buy” rating and a $60.00 target price on the stock.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, July 26th. The insurance provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.11. Hartford Financial Services Group had a negative net margin of 12.24% and a positive return on equity of 9.84%. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the previous year, the company posted $0.81 EPS. Hartford Financial Services Group’s revenue was up 13.6% on a year-over-year basis.

Several other analysts have also recently commented on HIG. Evercore ISI initiated coverage on shares of Hartford Financial Services Group in a research report on Thursday, June 7th. They set an “inline” rating and a $57.00 target price for the company. Zacks Investment Research cut shares of Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Sandler O’Neill initiated coverage on shares of Hartford Financial Services Group in a research report on Monday, September 10th. They set a “buy” rating and a $60.00 target price for the company. TheStreet upgraded shares of Hartford Financial Services Group from a “c” rating to a “b” rating in a research report on Thursday, July 26th. Finally, ValuEngine cut shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $58.91.

HIG stock opened at $49.76 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.29 and a quick ratio of 0.29. Hartford Financial Services Group has a fifty-two week low of $48.79 and a fifty-two week high of $59.20. The company has a market capitalization of $17.98 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.11 and a beta of 0.94.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Tuesday, September 4th will be given a dividend of $0.30 per share. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, August 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.41%. Hartford Financial Services Group’s payout ratio is presently 43.80%.

In other news, CFO Beth Ann Bombara sold 23,906 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $52.63, for a total value of $1,258,172.78. Following the completion of the transaction, the chief financial officer now owns 52,291 shares of the company’s stock, valued at approximately $2,752,075.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David C. Robinson sold 2,395 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $52.88, for a total transaction of $126,647.60. Following the completion of the transaction, the executive vice president now directly owns 21,398 shares of the company’s stock, valued at approximately $1,131,526.24. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. United Capital Financial Advisers LLC acquired a new position in shares of Hartford Financial Services Group during the 1st quarter worth approximately $224,000. Private Capital Group LLC raised its stake in shares of Hartford Financial Services Group by 1,795.2% during the 1st quarter. Private Capital Group LLC now owns 9,552 shares of the insurance provider’s stock worth $495,000 after buying an additional 9,048 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hartford Financial Services Group during the 1st quarter worth approximately $1,505,000. DnB Asset Management AS acquired a new position in shares of Hartford Financial Services Group during the 2nd quarter worth approximately $2,294,000. Finally, IFM Investors Pty Ltd raised its stake in shares of Hartford Financial Services Group by 42.7% during the 2nd quarter. IFM Investors Pty Ltd now owns 16,397 shares of the insurance provider’s stock worth $838,000 after buying an additional 4,906 shares during the period. 89.43% of the stock is owned by institutional investors.

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. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

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

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