Hartford Financial Services Group Inc (HIG) Releases Earnings Results, Misses Expectations By $-0.49 EPS

Hartford Financial Services Group Inc (HIG) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.31 earnings per share for the quarter, missing the analyst consensus estimate by $-0.49. Analysts had a consensus of $0.80. The company posted revenue of $4677.00 million in the period, compared to analysts expectations of $4853.00 million. The company’s revenue was down -.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.

Many Wall Street Analysts have commented on Hartford Financial Services Group Inc. Hartford Financial Services Group Inc was Downgraded by Wells Fargo to ” Market Perform” on May 17, 2016.

Hartford Financial Services Group Inc opened for trading at $43.66 and hit $44.17 on the upside on Thursday, eventually ending the session at $43.93, with a gain of 0.27% or 0.12 points. The heightened volatility saw the trading volume jump to 22,69,282 shares. Company has a market cap of $17,281 M.

In a different news, on Jun 8, 2016, Thomas A Renyi (director) purchased 1,965 shares at $44.62 per share price. According to the SEC, on Mar 10, 2016, Teresa Wynn Roseborough (director) purchased 700 shares at $43.12 per share price. On Dec 14, 2015, Robert B. Iii Allardice (director) sold 10,000 shares at $45.26 per share price, according to the Form-4 filing with the securities and exchange commission.

The Hartford Financial Services Group Inc. (The Hartford) is an insurance and financial services holding company. The Hartford is a provider of property and casualty insurance and group life and disability products to individual and business customers in the United States of America. It is also a provider of mutual funds to investors and additionally The Hartford manages life and annuity products. The Hartford conducts business principally in six segments including Commercial Lines (formerly Property & Casualty Commercial) Personal Lines (formerly Consumer Markets) Property & Casualty Other Operations Group Benefits Mutual Funds and Talcott Resolution as well as a Corporate category. The Hartford includes in its Corporate category the Company’s debt financing and related interest expense as well as other capital raising activities and purchase accounting adjustments related to goodwill and other expenses not allocated to other segments.

Hartford Financial Services Group Inc

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