Insurers Higher Following Hartford's (HIG) Raised Guidance (LNC, PFG, PRU, TRV, more...)

A number of life insurers are higher this morning after Hartford Financial Services Group (NYSE: HIG) raised its fourth quarter 2009 earnings estimates significantly.

Hartford Financial said it now sees Q4 EPS between $1.45 and $1.60, as compared to the company's previous guidance of $0.65 to $0.80. The Wall Street consensus is $0.83. Hartford's President and CEO, Liam E. McGee, said, "The core businesses of The Hartford performed well in the fourth quarter."

Stocks Moving In Reaction to the HIG News:

• Lincoln National Corp. (NYSE: LNC) +2.4%
  
• Principal Financial Group Inc. (NYSE: PFG) +2.5%
  
• Prudential Financial, Inc. (NYSE: PRU) +1%
  
• MetLife, Inc. (NYSE: MET) +0.7%
  
• The Travelers Companies, Inc. (NYSE: TRV) +1%
  
• AFLAC Inc. (NYSE: AFL) +1%

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