Hartford Financial Services Group Inc (NYSE:HIG) – Investment analysts at B. Riley issued their Q4 2017 EPS estimates for Hartford Financial Services Group in a research note issued to investors on Monday. B. Riley analyst R. Binner expects that the insurance provider will post earnings per share of $1.05 for the quarter. B. Riley currently has a “Neutral” rating on the stock.

Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings data on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.68 billion. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS.

A number of other brokerages have also recently commented on HIG. Goldman Sachs Group initiated coverage on shares of Hartford Financial Services Group in a research report on Monday. They issued a “neutral” rating and a $59.00 target price for the company. UBS raised their price objective on shares of Hartford Financial Services Group from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. BidaskClub upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Wells Fargo & Company set a $55.00 price objective on shares of Hartford Financial Services Group and gave the company a “hold” rating in a research note on Thursday, November 16th. Finally, Zacks Investment Research raised shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Thursday, September 14th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Hartford Financial Services Group has an average rating of “Buy” and an average target price of $57.54.

Shares of Hartford Financial Services Group (NYSE:HIG) opened at $54.64 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. The stock has a market cap of $20,154.61, a price-to-earnings ratio of 15.19, a P/E/G ratio of 1.64 and a beta of 0.98. Hartford Financial Services Group has a twelve month low of $46.35 and a twelve month high of $58.61.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its position in shares of Hartford Financial Services Group by 5,984.5% in the 2nd quarter. Janus Henderson Group PLC now owns 3,181,908 shares of the insurance provider’s stock valued at $167,272,000 after purchasing an additional 3,129,613 shares during the period. JPMorgan Chase & Co. increased its position in Hartford Financial Services Group by 10.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock worth $1,580,827,000 after buying an additional 2,730,796 shares during the period. Principal Financial Group Inc. increased its position in Hartford Financial Services Group by 226.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,921,539 shares of the insurance provider’s stock worth $106,511,000 after buying an additional 1,333,127 shares during the period. FMR LLC increased its position in Hartford Financial Services Group by 22.2% in the 2nd quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock worth $372,144,000 after buying an additional 1,284,664 shares during the period. Finally, Amundi Pioneer Asset Management Inc. increased its position in Hartford Financial Services Group by 31.7% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,202,001 shares of the insurance provider’s stock worth $232,917,000 after buying an additional 1,012,591 shares during the period. Hedge funds and other institutional investors own 88.62% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be paid a dividend of $0.25 per share. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, November 30th. Hartford Financial Services Group’s dividend payout ratio is 76.34%.

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About Hartford Financial Services Group

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

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