The Hartford Financial Services Group (HIG) Set to Announce Earnings on Thursday

The Hartford Financial Services Group (NYSE:HIG) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $2.38 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

The Hartford Financial Services Group (NYSE:HIG) last posted its earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.62. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same quarter in the prior year, the business posted $2.31 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. On average, analysts expect The Hartford Financial Services Group to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

The Hartford Financial Services Group Trading Up 0.9 %

HIG opened at $99.82 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.32 and a quick ratio of 0.32. The Hartford Financial Services Group has a fifty-two week low of $67.05 and a fifty-two week high of $103.64. The firm has a market capitalization of $29.68 billion, a PE ratio of 12.49, a P/E/G ratio of 1.40 and a beta of 0.89. The company’s 50-day moving average is $97.97 and its 200 day moving average is $85.67.

The Hartford Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Friday, March 1st. The Hartford Financial Services Group’s payout ratio is 23.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada upped their price objective on shares of The Hartford Financial Services Group from $77.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Monday, February 5th. Keefe, Bruyette & Woods upped their price objective on shares of The Hartford Financial Services Group from $114.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Raymond James reaffirmed an “outperform” rating and issued a $120.00 price objective (up from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. UBS Group upped their price objective on shares of The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, The Goldman Sachs Group upped their price objective on shares of The Hartford Financial Services Group from $92.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.56.

Insider Activity

In related news, EVP Michael R. Fisher sold 27,004 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $98.90, for a total value of $2,670,695.60. Following the completion of the transaction, the executive vice president now directly owns 18,906 shares of the company’s stock, valued at approximately $1,869,803.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Michael R. Fisher sold 27,004 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $98.90, for a total value of $2,670,695.60. Following the completion of the transaction, the executive vice president now directly owns 18,906 shares of the company’s stock, valued at approximately $1,869,803.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher Swift sold 94,807 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $86.65, for a total transaction of $8,215,026.55. Following the completion of the transaction, the chief executive officer now directly owns 170,180 shares of the company’s stock, valued at $14,746,097. The disclosure for this sale can be found here. Insiders sold 201,308 shares of company stock valued at $18,356,153 in the last three months. Company insiders own 1.60% of the company’s stock.

About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.