The Hartford Announces Fourth Quarter 2018 Financial Results And $1.0 Billion Share Repurchase Authorization; Also Provides 2019 Key Business Metrics Outlook

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Go back to The Hartford Announces Fourth Quarter 2018 Financial Results And $1.0 Billion Share Repurchase Authorization; Also Provides 2019 Key Business Metrics Outlook

Hartford Financial Services (HIG) PT Raised to $55 at Credit Suisse

February 6, 2019 8:24 AM EST

Credit Suisse analyst Michael Zaremski raised the price target on Hartford Financial Services (NYSE: HIG) to $55.00 (from $53.00) while maintaining a Neutral rating.

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Hartford Financial (HIG) Tops Q4 EPS by 17c, Revenues Miss

February 4, 2019 4:21 PM EST

Hartford Financial (NYSE: HIG) reported Q4 EPS of $0.78, $0.17 better than the analyst estimate of $0.61. Revenue for the quarter came in at $4.63 billion versus the consensus estimate of $4.79 billion.

Fourth quarter 2018 income from continuing operations, after tax, totaled $196 million ($0.52 per diluted share1) compared with a loss from continuing operations, after tax, of $558 million ($1.56 per diluted share) in fourth quarter 2017, which included an $877 million charge related to U.S. corporate tax reformFourth quarter 2018 core earnings* of $284 million ($0.78 per diluted share*) decreased slightly from $293 million ($0.81 per diluted share) in fourth quarter 2017 as higher... More