Hartford Financial (HIG) Tops Q3 EPS by 11c; Approves $1.3B Equity Buyback Plan
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Hartford Financial (NYSE: HIG) reported Q3 EPS of $1.06, $0.11 better than the analyst estimate of $0.95. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.68 billion.
The Hartford announced today that its board of directors authorized a new $1.3 billion equity repurchase plan for common shares. The new program, which is effective Oct. 31, 2016 and expires Dec. 31, 2017, is in addition to the company’s current $4.375 billion equity repurchase plan, which expires on Dec. 31, 2016 and has approximately $195 million remaining as of Oct. 26, 2016.
For earnings history and earnings-related data on Hartford Financial (HIG) click here.
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