The Hartford Financial Services Group (HIG) to Release Quarterly Earnings on Thursday

The Hartford Financial Services Group (NYSE:HIG) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $2.38 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results 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 company had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $5.84 billion. The Hartford Financial Services Group had a return on equity of 19.82% and a net margin of 10.21%. The Hartford Financial Services Group’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 earnings per share. 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

The Hartford Financial Services Group stock opened at $95.78 on Thursday. 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 stock has a fifty day moving average of $97.49 and a two-hundred day moving average of $84.97. The company has a market capitalization of $28.48 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.37 and a beta of 0.89. The Hartford Financial Services Group has a fifty-two week low of $67.05 and a fifty-two week high of $103.64.

The Hartford Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, March 1st. The Hartford Financial Services Group’s payout ratio is 23.53%.

Insider Activity at The Hartford Financial Services Group

In related news, CEO Christopher Swift sold 46,818 shares of The Hartford Financial Services Group stock in a transaction on Friday, January 19th. The stock was sold at an average price of $84.71, for a total value of $3,965,952.78. Following the transaction, the chief executive officer now owns 170,180 shares in the company, valued at $14,415,947.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other The Hartford Financial Services Group news, CEO Christopher Swift sold 46,818 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $84.71, for a total transaction of $3,965,952.78. Following the transaction, the chief executive officer now owns 170,180 shares in the company, valued at $14,415,947.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Allison G. Niderno sold 1,332 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $89.74, for a total value of $119,533.68. Following the transaction, the senior vice president now owns 630 shares in the company, valued at approximately $56,536.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 249,082 shares of company stock worth $22,404,321. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP lifted its stake in shares of The Hartford Financial Services Group by 113.5% during the fourth quarter. Quarry LP now owns 365 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 194 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of The Hartford Financial Services Group by 85.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 520 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 240 shares during the last quarter. Tyler Stone Wealth Management purchased a new stake in shares of The Hartford Financial Services Group during the second quarter worth about $40,000. Dark Forest Capital Management LP increased its position in shares of The Hartford Financial Services Group by 63.7% during the first quarter. Dark Forest Capital Management LP now owns 627 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 244 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of The Hartford Financial Services Group by 130.8% during the first quarter. Covestor Ltd now owns 907 shares of the insurance provider’s stock worth $65,000 after acquiring an additional 514 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HIG. UBS Group raised their price target on The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. TD Cowen raised their price target on The Hartford Financial Services Group to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Morgan Stanley lifted their price objective on The Hartford Financial Services Group from $94.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday. Evercore ISI lifted their price objective on The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Finally, Roth Mkm lifted their price objective on The Hartford Financial Services Group from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $105.56.

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.