Hartford Financial Services Group Inc (NYSE:HIG) – B. Riley reduced their FY2018 earnings estimates for shares of Hartford Financial Services Group in a note issued to investors on Thursday. B. Riley analyst R. Binner now forecasts that the insurance provider will earn $4.20 per share for the year, down from their prior forecast of $4.50. B. Riley currently has a “Neutral” rating on the stock.

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

Other analysts also recently issued research reports about the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $60.00 price objective on shares of Hartford Financial Services Group in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded 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 report on Thursday, September 14th. Buckingham Research started coverage on Hartford Financial Services Group in a research report on Monday, September 11th. They issued a “buy” rating and a $63.00 price objective for the company. UBS Group raised their price objective on Hartford Financial Services Group from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $55.00 price objective on shares of Hartford Financial Services Group in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.92.

Shares of Hartford Financial Services Group (NYSE:HIG) traded up $0.57 during mid-day trading on Friday, hitting $55.40. The company’s stock had a trading volume of 1,593,400 shares, compared to its average volume of 2,106,233. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40. Hartford Financial Services Group has a 52 week low of $46.35 and a 52 week high of $58.61. The company has a market cap of $19,670.00, a P/E ratio of 42.29, a P/E/G ratio of 1.38 and a beta of 0.99.

Institutional investors have recently bought and sold shares of the stock. Sun Life Financial INC lifted its position in shares of Hartford Financial Services Group by 26,810.0% during the 2nd quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock worth $141,000 after buying an additional 2,681 shares during the period. Howard Hughes Medical Institute bought a new position in shares of Hartford Financial Services Group during the 2nd quarter worth approximately $148,000. Wesbanco Bank Inc. bought a new position in Hartford Financial Services Group in the 3rd quarter valued at $206,000. Bahl & Gaynor Inc. bought a new position in Hartford Financial Services Group in the 2nd quarter valued at $207,000. Finally, Tdam USA Inc. bought a new position in Hartford Financial Services Group in the 3rd quarter valued at $208,000. Institutional investors and hedge funds own 88.52% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 1st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Thursday, November 30th. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.23. Hartford Financial Services Group’s dividend payout ratio (DPR) is 76.34%.

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Hartford Financial Services Group Company Profile

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