Hartford Financial Services Group Inc reports results for the quarter ended in March - Earnings Summary
26/04/2024 24:17
* Hartford Financial Services Group Inc HIG.N reported
quarterly
adjusted earnings of $2.34 per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of $1.68. The mean expectation of twenty analysts
for the quarter was for earnings of $2.45 per share. Wall Street
expected results to range from $2.30 to $2.57 per share.
* Revenue rose 8.6% to $6.42 billion from a year ago;
analysts
expected $6.51 billion.
* Hartford Financial Services Group Inc's reported EPS for
the
quarter was $2.47.
* The company reported quarterly net income of $748 million.
* Hartford Financial Services Group Inc shares had fallen
by 3.1%
this quarter and gained 24.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 4.7%
in the last three months.
* In the last 30 days, four analysts negatively revised
earnings
estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the multiline
insurance
& brokers peer group is also "buy"
Wall Street's median 12-month price target for Hartford
Financial Services Group Inc is $110.00
This summary was machine generated from LSEG data April 25 at
11:16 p.m. UTC. All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 2.45 2.34 Missed
Dec. 31 2023 2.44 3.06 Beat
Sep. 30 2023 1.98 2.29 Beat
Jun. 30 2023 1.85 1.88 Beat