Hartford Financial Services Group, Inc. (The) to Post Q3 2017 Earnings of $0.66 Per Share, Langen Mcalenn Forecasts (HIG)

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) – Equities researchers at Langen Mcalenn increased their Q3 2017 earnings per share (EPS) estimates for shares of Hartford Financial Services Group, Inc. (The) in a research note issued to investors on Monday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the insurance provider will earn $0.66 per share for the quarter, up from their prior forecast of $0.63. Langen Mcalenn also issued estimates for Hartford Financial Services Group, Inc. (The)’s FY2017 earnings at $3.95 EPS.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The company had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the previous year, the company posted $0.31 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis.

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A number of other brokerages have also recently weighed in on HIG. BidaskClub upgraded Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Barclays PLC increased their price objective on Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Deutsche Bank AG reaffirmed a “buy” rating and set a $61.00 price objective (up previously from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, August 1st. Zacks Investment Research lowered Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $60.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $57.00.

Shares of Hartford Financial Services Group, Inc. (NYSE HIG) opened at 55.86 on Wednesday. The firm’s 50-day moving average is $54.52 and its 200 day moving average is $52.05. The firm has a market cap of $20.35 billion, a PE ratio of 30.66 and a beta of 0.91. Hartford Financial Services Group, Inc. has a 52 week low of $42.30 and a 52 week high of $57.16.

Large investors have recently modified their holdings of the business. Aperio Group LLC boosted its stake in Hartford Financial Services Group, Inc. (The) by 10.0% in the 2nd quarter. Aperio Group LLC now owns 237,939 shares of the insurance provider’s stock worth $12,508,000 after buying an additional 21,637 shares during the last quarter. Andra AP fonden boosted its stake in Hartford Financial Services Group, Inc. (The) by 1.6% in the 2nd quarter. Andra AP fonden now owns 113,300 shares of the insurance provider’s stock worth $5,956,000 after buying an additional 1,800 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in Hartford Financial Services Group, Inc. (The) in the 2nd quarter worth about $30,080,000. Bellwether Investment Group LLC acquired a new stake in Hartford Financial Services Group, Inc. (The) in the 2nd quarter worth about $332,000. Finally, HM Capital Management LLC acquired a new stake in Hartford Financial Services Group, Inc. (The) in the 2nd quarter worth about $205,000. 88.23% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 1st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s payout ratio is 51.40%.

Hartford Financial Services Group, Inc. (The) Company Profile

Earnings History and Estimates for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

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