On Thursday, Shares of The Hartford Financial Services Group (NYSE: HIG) lost -0.48% to $52.30. The stock grabbed the investor’s attention and traded 2,715,322 shares as compared to its average daily volume of 1.97M shares. The stock’s institutional ownership stands at 93.70%.
The Hartford Financial Services Group Inc. (HIG) stated fourth-quarter net income of $196.0M, after reporting a loss in the same period a year earlier. The Hartford, Connecticut-based company said it had net income of 52 cents per share. Earnings, adjusted for non-recurring costs, came to 78 cents per share. The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The insurance and financial services company posted revenue of $4.630B in the period. Its adjusted revenue was $4.810B.
For the year, the company stated net income of $1.810B, or $4.95 per share, swinging to a profit in the period. Revenue was stated as $19.070B.
HIG has a market value of $18.79B while its EPS was booked as $3.96 in the last 12 months. The stock has 359.30M shares outstanding. Beta value of the company was 0.71; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.30.