The Hartford Financial Services Group (HIG) Scheduled to Post Earnings on Thursday

The Hartford Financial Services Group (NYSE:HIG) will release its earnings data after the market closes on Thursday, April 25th. Analysts expect The Hartford Financial Services Group to post earnings of $2.38 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.62. The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $5.84 billion. The Hartford Financial Services Group had a return on equity of 19.82% and a net margin of 10.21%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 earnings per share. 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 Stock Performance

NYSE HIG opened at $100.03 on Wednesday. The company has a market cap of $29.74 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.40 and a beta of 0.89. The stock’s 50 day simple moving average is $98.16 and its 200-day simple moving average is $85.88. The Hartford Financial Services Group has a 1-year low of $67.05 and a 1-year high of $103.64. 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 Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently commented on HIG shares. Raymond James reiterated an “outperform” rating and set a $120.00 price objective (up previously from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. TD Cowen lifted their target price on The Hartford Financial Services Group to $144.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Wells Fargo & Company lifted their target price on The Hartford Financial Services Group from $106.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Roth Mkm lifted their target price on The Hartford Financial Services Group from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. lifted their target price on The Hartford Financial Services Group from $91.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, The Hartford Financial Services Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.56.

Insider Buying and Selling

In related news, EVP Michael R. Fisher sold 27,004 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total transaction 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 Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Michael R. Fisher sold 27,004 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total transaction 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 is available at this hyperlink. Also, EVP David C. Robinson sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $89.64, for a total value of $1,344,600.00. Following the transaction, the executive vice president now directly owns 8,201 shares of the company’s stock, valued at $735,137.64. The disclosure for this sale can be found here. Insiders sold 106,501 shares of company stock valued at $10,141,126 in the last three months. 1.60% of the stock is owned by corporate insiders.

The Hartford Financial Services Group Company Profile

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.