The Hartford Financial Services Group (NYSE:HIG) Releases Quarterly Earnings Results

The Hartford Financial Services Group (NYSE:HIG) issued its quarterly earnings results on Thursday. The insurance provider reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.26, Zacks reports. The Hartford Financial Services Group had a return on equity of 20.35% and a net margin of 11.62%.

The Hartford Financial Services Group Stock Performance

The Hartford Financial Services Group stock traded up $0.69 during midday trading on Thursday, hitting $114.19. The company’s stock had a trading volume of 1,491,873 shares, compared to its average volume of 1,525,045. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market cap of $33.10 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 0.81 and a beta of 0.98. The Hartford Financial Services Group has a 1-year low of $85.34 and a 1-year high of $124.90. The company has a 50-day moving average price of $113.20 and a two-hundred day moving average price of $113.35.

Insiders Place Their Bets

In related news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.04, for a total value of $803,479.60. Following the transaction, the executive vice president now owns 25,820 shares in the company, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HIG shares. Bank of America upped their price target on The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. BMO Capital Markets raised their target price on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. UBS Group boosted their price target on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company decreased their price objective on The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods upped their target price on The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.28.

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.