Reports Q4 revenue $6.88B, consensus $6.96B. “The Hartford delivered an outstanding year with a core earnings ROE of 16.7 percent,” said The Hartford’s Chairman and CEO Christopher Swift. “Results were driven by sustained momentum in Commercial Lines, which once again generated strong top-line growth at highly profitable margins, significant progress in Personal Lines toward restoring target profitability in auto, continued strong margins in Group Benefits, and a higher investment portfolio yield.”
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIG:
- Hartford Financial Services (HIG) Q4 Earnings Cheat Sheet
- Hartford Financial price target lowered to $130 from $134 at Wells Fargo
- Hartford Financial price target raised to $139 from $135 at Keefe Bruyette
- Hartford Financial Appoints New President Amid Strategic Shift
- California wildfires threaten already ‘teetering’ insurers, NY Times says