Analysts predict that Hartford Financial Services Group Inc (NYSE:HIG) will post earnings per share (EPS) of $1.02 for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Hartford Financial Services Group’s earnings, with estimates ranging from $0.97 to $1.09. Hartford Financial Services Group reported earnings of $1.04 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 1.9%. The business is expected to report its next quarterly earnings report on Thursday, July 26th.
On average, analysts expect that Hartford Financial Services Group will report full year earnings of $4.60 per share for the current fiscal year, with EPS estimates ranging from $4.46 to $4.80. For the next fiscal year, analysts anticipate that the business will report earnings of $4.95 per share, with EPS estimates ranging from $4.78 to $5.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Hartford Financial Services Group.
Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, April 26th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.20. Hartford Financial Services Group had a positive return on equity of 8.93% and a negative net margin of 15.59%. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.62 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The business’s revenue was up 12.5% compared to the same quarter last year.
In other Hartford Financial Services Group news, EVP David C. Robinson sold 682 shares of the stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $54.94, for a total value of $37,469.08. Following the completion of the sale, the executive vice president now directly owns 16,942 shares in the company, valued at $930,793.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brion S. Johnson sold 11,568 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $54.75, for a total value of $633,348.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,005 shares of company stock valued at $3,266,719. 1.50% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Delpha Capital Management LLC purchased a new stake in Hartford Financial Services Group in the fourth quarter valued at about $157,000. Focused Wealth Management Inc purchased a new stake in Hartford Financial Services Group in the fourth quarter valued at about $189,000. Sheaff Brock Investment Advisors LLC purchased a new stake in Hartford Financial Services Group in the fourth quarter valued at about $200,000. Weil Company Inc. purchased a new stake in Hartford Financial Services Group in the fourth quarter valued at about $201,000. Finally, United Capital Financial Advisers LLC purchased a new stake in Hartford Financial Services Group in the first quarter valued at about $224,000. Institutional investors own 88.77% of the company’s stock.
Shares of Hartford Financial Services Group traded up $0.31, reaching $51.78, during midday trading on Friday, according to MarketBeat.com. 2,279,959 shares of the stock were exchanged, compared to its average volume of 2,031,611. Hartford Financial Services Group has a 52 week low of $49.67 and a 52 week high of $59.20. The company has a market capitalization of $18.43 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.18 and a beta of 0.92. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.36.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 1st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Thursday, May 31st. Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 36.50%.
About Hartford Financial Services Group
The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.
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