Hartford Financial Services Climbs 8.6% On Earnings Beat (HIG)

Shares of Hartford Financial Services Group Inc. HIG are trading up 8.6% at $25.43 per share during the Wednesday afternoon trading session. The day's trading range for shares of Hartford Financial Services Group Inc has been between $24.22 and $25.77 per share. Analysts covering the company's stock give it a consensus price target of $30.92 per share. Volume of 17.2 million shares is more than double the daily average volume of 7 million shares. Hartford Financial Services Group Inc. (HIG) announced on Tuesday after the market closed that it beat consensus Wall Street earnings expectations. Hartford Financial Services Group Inc announced 3rd quarter core earnings per share of $1.43. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 97 cents per share. Chairman, president and chief executive officer Liam E. McGee said, “The Hartford delivered strong financial performance this quarter. These results were achieved through solid execution, including disciplined underwriting performance, improved investment results and growth in assets under management.” Read more from Benzinga's Company news.