Hartford Financial Shares Climb After Hours (HIG)

Hartford Financial Services Group Inc. HIG released financial results on Tuesday after the market closed that beat Wall Street earnings estimates. Hartford Financial Services Group Inc announced 3rd quarter net income of $666 million, or $1.34 per share, compared to a net loss of $220 million, or 79 cents per share, a year earlier. The company reported core earnings of $1.43 per share. According to a poll 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.” Hartford Financial Services Group Inc. (HIG) finished the trading day at $23.42 per share and was up 4.4% at $24.45 during after hours trading. The consensus price target of analysts covering the company's stock is $30.92 per share. Read more from Benzinga's Company news.