The Hartford Insurance Group, Inc. reports results for the quarter ended September 30 - Earnings Summary

What happened

The Hartford Insurance Group, Inc. reported quarterly adjusted earnings of $3.50 per share for the quarter ended September 30, down from $3.78 a year earlier. Revenue rose 0.1% to $7.22 billion, while analysts expected $7.37 billion. Reported EPS was $4.82 and net income was $1.32 billion.

Confirmed

Global impact / market context

Adjusted earnings of $3.50 per share beat the $3.18 average estimate from twenty five analysts, even though profit fell from last year. Revenue of $7.22 billion missed the $7.37 billion expected, which matters because a company can beat profit expectations while still falling short on sales.

Confirmed

The Hartford's shares had risen 11.8% this quarter and lost 0.8% so far this year. The average analyst rating is "hold," with 9 buy ratings, 16 hold and no sell. The median 12-month price target is $146.00, about 6.9% above the last closing price of $135.94.

Confirmed

What to watch

1. In the last 30 days, four analysts negatively revised earnings estimates, while the mean earnings estimate had risen by about 4.2% over the last three months, showing mixed analyst views on future profit. Confirmed
2. Watch whether Hartford's revenue growth of 0.1% improves next quarter, since the company missed the expected $7.37 billion; a return to faster sales growth would support the hold rating. Proposed
3. Watch the gap between the $146.00 median price target and the $135.94 last close; if shares approach the target as earnings estimates shift, the hold rating could come under review. Analyst inference

Evidence

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