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

The Hartford Financial Services Group (NYSE:HIG) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect The Hartford Financial Services Group to post earnings of $2.38 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

The Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.62. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $5.84 billion. During the same period in the previous year, the business earned $2.31 EPS. The company’s revenue was up 6.4% on a year-over-year basis. 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 Price Performance

Shares of NYSE:HIG opened at $95.78 on Thursday. The company’s fifty day moving average is $97.49 and its two-hundred day moving average is $84.97. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.29. The Hartford Financial Services Group has a 12-month low of $67.05 and a 12-month high of $103.64. The company has a market cap of $28.48 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 1.37 and a beta of 0.89.

The Hartford Financial Services Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were paid 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 dividend payout ratio (DPR) is currently 23.53%.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 27,004 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the transaction, the executive vice president now directly owns 18,906 shares of the company’s stock, valued at $1,869,803.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other The Hartford Financial Services Group news, CEO Christopher Swift sold 46,818 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $84.71, for a total transaction of $3,965,952.78. Following the completion of the sale, the chief executive officer now directly owns 170,180 shares in the company, valued at $14,415,947.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael R. Fisher sold 27,004 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the sale, the executive vice president now owns 18,906 shares of the company’s stock, valued at $1,869,803.40. The disclosure for this sale can be found here. Insiders have sold 249,082 shares of company stock valued at $22,404,321 over the last three months. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Hartford Financial Services Group

A number of hedge funds have recently bought and sold shares of HIG. Quarry LP boosted its holdings in The Hartford Financial Services Group by 113.5% during the fourth quarter. Quarry LP now owns 365 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 194 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in 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 valued at $37,000 after acquiring an additional 240 shares during the period. Tyler Stone Wealth Management bought a new stake in The Hartford Financial Services Group during the second quarter valued at about $40,000. Dark Forest Capital Management LP boosted its holdings in 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 valued at $44,000 after acquiring an additional 244 shares during the period. Finally, Covestor Ltd boosted its holdings in The Hartford Financial Services Group by 130.8% during the first quarter. Covestor Ltd now owns 907 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 514 shares during the period. 93.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TD Cowen boosted their target price on shares of The Hartford Financial Services Group to $144.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Raymond James reissued an “outperform” rating and set a $120.00 target price (up from $100.00) on shares of The Hartford Financial Services Group in a research note on Monday, April 1st. Evercore ISI boosted their target price on shares of The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Roth Mkm upped their price target on shares of The Hartford Financial Services Group from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $115.00 price target on shares of The Hartford Financial Services Group in a research note on Monday, April 1st. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Hartford Financial Services Group has a consensus 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.