Revenue Update on Hartford Financial Services Group Inc(NYSE:HIG)

Hartford Financial Services Group Inc(NYSE:HIG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $4.68B. Analysts estimated a revenue of $4.71B. Earnings per share were $0.31. Analysts had estimated an EPS of $0.80.

In a different note, On May 17, 2016, Wells Fargo said it Downgrades its rating on Hartford Financial Services Group Inc. The shares have been rated ‘Market Perform’ by the firm.

Hartford Financial Services Group Inc (HIG) shares turned negative on Thursdays trading session with the shares closing down -0.31 points or -0.76% at a volume of 45,42,215. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $40.71. The peak price level was also seen at $40.71 while the days lowest was $40.1. Finally the shares closed at $40.24. The 52-week high of the shares is $50.95 while the 52-week low is $36.54. According to the latest information available, the market cap of the company is $15,531 M.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Thomas A Renyi (director) purchased 1,965 shares at $44.62 per share price.Also, 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.

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