Hartford Financial (HIG) Q1 Earnings: What's In The Offing?
Zacks Investment Research | Apr 23, 2018 11:09PM ET
The Hartford Financial Services Group, Inc. (NYSE:HIG) will release first-quarter 2018 financial results on Apr 26, after the closing bell.
Last quarter, the company delivered a positive earnings surprise of 9.46%. Let’s see, how things are shaping up for this announcement.
Q1 Expectations
Hartford Financial’s Commercial Lines and Personal Auto businesses have been delivering strong results over the past many quarters. The company also expects a solid performance from the Commercial Lines in small and middle markets. Notably, these two segments have contributed substantially to the company’s top-line appreciation.
Moreover, the company’s Group Benefit and Mutual Funds segments are likely to have delivered robust results, reflecting the company’s claims of improvements made in its book of business over the years.
Additionally, the company’s strategic investment in products, distribution, data and analytics as well as digital capabilities, aimed at customer acquisition and retention, are estimated to boost revenue growth.
Hartford Financial has also been enhancing shareholders value through frequent share repurchases, which might improve the bottom line in the first quarter, limiting the outstanding share count.
However, higher auto loss costs are anticipated to have affected the underwriting margins, repeating the trend from the previous quarters.
Earnings Whispers
Our proven model does not conclusively show that Hartford Financial is likely to beat on earnings this quarter. This is because a stock needs to have both a positive Original post
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