The Hartford Financial Services Group (NYSE:HIG – Get Free Report) released its quarterly earnings data on Thursday. The insurance provider reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.26, Briefing.com reports. The Hartford Financial Services Group had a net margin of 10.87% and a return on equity of 20.64%. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the business earned $1.88 EPS. The Hartford Financial Services Group’s revenue was up 7.2% compared to the same quarter last year.
The Hartford Financial Services Group Price Performance
NYSE:HIG traded up $0.36 during trading hours on Thursday, hitting $102.30. 1,381,982 shares of the stock traded hands, compared to its average volume of 1,661,688. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.29. The Hartford Financial Services Group has a 1 year low of $68.82 and a 1 year high of $106.93. The company has a market cap of $30.26 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93. The stock has a 50 day moving average price of $101.42 and a 200 day moving average price of $97.19.
The Hartford Financial Services Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, September 3rd. The Hartford Financial Services Group’s dividend payout ratio is currently 21.36%.
Insider Buying and Selling at The Hartford Financial Services Group
Analysts Set New Price Targets
A number of brokerages have recently commented on HIG. Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 price target on shares of The Hartford Financial Services Group in a research note on Friday, June 28th. Keefe, Bruyette & Woods lifted their price target 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. Citigroup lowered shares of The Hartford Financial Services Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $116.00 to $114.00 in a research note on Friday, June 28th. The Goldman Sachs Group lifted their price target on shares of The Hartford Financial Services Group from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Finally, Roth Mkm lifted their price target on shares of The Hartford Financial Services Group from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.50.
Check Out Our Latest Analysis on The Hartford Financial Services Group
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.
Recommended Stories
- Five stocks we like better than The Hartford Financial Services Group
- Transportation Stocks Investing
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- What is a Death Cross in Stocks?
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Buy P&G Now, Before It Sets A New All-Time High
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for The Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.