The Hartford: 3Q Earnings Snapshot
HARTFORD, Conn. (AP) _ The Hartford Financial Services Group Inc. (HIG) on Monday reported third-quarter earnings of $535 million.
On a per-share basis, the Hartford, Connecticut-based company said it had net income of $1.43. Earnings, adjusted for non-recurring costs, came to $1.50 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The insurance and financial services company posted revenue of $5.35 billion in the period. Its adjusted revenue was $5.26 billion.
The Hartford shares have increased 29% since the beginning of the year, while the Standard & Poor’s 500 index has risen 23%. In the final minutes of trading on Monday, shares hit $57.56, a rise of 28% in the last 12 months.