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

The Hartford Financial Services Group (NYSE:HIG) is scheduled to post its quarterly earnings results 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Friday, February 2nd. The insurance provider reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.62. The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $5.84 billion. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The Hartford Financial Services Group’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.31 EPS. 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

Shares of The Hartford Financial Services Group stock opened at $99.82 on Tuesday. The firm has a fifty day moving average of $97.97 and a two-hundred day moving average of $85.67. The stock has a market capitalization of $29.68 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 1.40 and a beta of 0.89. The Hartford Financial Services Group has a 52 week low of $67.05 and a 52 week high of $103.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.32 and a current ratio of 0.32.

The Hartford Financial Services Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

HIG has been the subject of a number of research analyst reports. TD Cowen upped their target price on shares of The Hartford Financial Services Group to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Keefe, Bruyette & Woods upped their target price on shares of The Hartford Financial Services Group from $114.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Evercore ISI upped their target price on shares of The Hartford Financial Services Group from $96.00 to $104.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. UBS Group upped their target price on shares of The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Citigroup upped their target price on shares of The Hartford Financial Services Group from $109.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.56.

Insider Activity at The Hartford Financial Services Group

In related news, CEO Christopher Swift sold 94,807 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $86.65, for a total value of $8,215,026.55. Following the completion of the sale, the chief executive officer now directly owns 170,180 shares in the company, valued at approximately $14,746,097. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other The Hartford Financial Services Group news, EVP David C. Robinson sold 15,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were 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 approximately $735,137.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher Swift sold 94,807 shares of the stock in a transaction dated Wednesday, January 24th. The shares were 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 in the company, valued at $14,746,097. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,308 shares of company stock worth $18,356,153. Insiders own 1.60% of the company’s stock.

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.