Insurance and financial services company The Hartford (NYSE: HIG) will be announcing earnings results this Monday after market hours. Here’s what investors should know.
Hartford missed analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $6.99 billion, up 7.7% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but a significant miss of analysts’ book value per share estimates.
Is Hartford a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Hartford’s revenue to grow 5.8% year on year to $7.14 billion, slowing from the 9.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.21 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hartford has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Hartford’s peers in the insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Stewart Information Services delivered year-on-year revenue growth of 19.1%, beating analysts’ expectations by 30.8%, and First American Financial reported revenues up 40.7%, topping estimates by 6.2%. Stewart Information Services traded down 4.1% following the results while First American Financial was up 3.6%.
Read our full analysis of Stewart Information Services’s results here and First American Financial’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.4% on average over the last month. Hartford is down 6.4% during the same time and is heading into earnings with an average analyst price target of $142.78 (compared to the current share price of $124.56).
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