Valued at a market cap of $38.7 billion, The Hartford Insurance coverage Group, Inc. (HIG) is an insurance coverage and monetary providers firm based mostly in Hartford, Connecticut. It primarily focuses on property and casualty insurance coverage, group advantages, and mutual funds. It is scheduled to announce its fiscal This fall earnings for 2025 within the close to future.
Forward of this occasion, analysts anticipate this insurance coverage firm to report a revenue of $3.08 per share, up 4.8% from $2.94 per share within the year-ago quarter. The corporate has topped Wall Avenue’s earnings estimates in every of the final 4 quarters. In Q3, HIG’s EPS of $3.78 exceeded the forecasted determine by a notable margin of 20.8%
For the present fiscal 12 months, ending in December, analysts anticipate HIG to report a revenue of $12.44 per share, up 20.8% from $10.30 per share in fiscal 2024. Moreover, its EPS is predicted to develop 4.4% year-over-year to $12.99 in fiscal 2026.
Shares of HIG have soared 27.1% over the previous 52 weeks, outperforming each the S&P 500 Index’s ($SPX) 16.8% return and the State Avenue Monetary Choose Sector SPDR ETF’s (XLF) 14.3% uptick over the identical time interval.
On Oct. 27, HIG reported better-than-expected Q3 earnings outcomes, but its shares plunged 1.8% within the following buying and selling session. The corporate’s complete income improved 7.1% year-over-year to $7.2 billion, surpassing consensus estimates by 1.3%. Furthermore, its core EPS climbed by an much more spectacular 49.4% from the year-ago quarter to $3.78, handily topping analyst expectations of $3.21.
Wall Avenue analysts are reasonably optimistic about HIG’s inventory, with a “Reasonable Purchase” score general. Amongst 26 analysts protecting the inventory, 11 advocate “Robust Purchase,” two point out “Reasonable Purchase,” and 13 recommend “Maintain.” The imply worth goal for HIG is $144.32, indicating a 3.9% potential upside from the present ranges.
On the date of publication, Neharika Jain didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions. This text was initially printed on Barchart.com
