Back to top

Image: Bigstock

Unlocking Q3 Potential of The Hartford Insurance Group (HIG): Exploring Wall Street Estimates for Key Metrics

Read MoreHide Full Article

In its upcoming report, The Hartford Insurance Group (HIG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $3.15 per share, reflecting a decline of 16.7% compared to the same period last year. Revenues are forecasted to be $5.28 billion, representing a year-over-year increase of 3.3%.

The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

Given this perspective, it's time to examine the average forecasts of specific The Hartford Insurance Group metrics that are routinely monitored and predicted by Wall Street analysts.

Analysts expect 'Revenue- Earned Premium- Personal Insurance' to come in at $897.70 million. The estimate suggests a change of -5.5% year over year.

The consensus estimate for 'Revenue- Property & Casualty- Net investment income' stands at $633.92 million. The estimate indicates a year-over-year change of +4.8%.

Analysts forecast 'Employee Benefits- Total revenues' to reach $1.85 billion. The estimate points to a change of +3.8% from the year-ago quarter.

Analysts' assessment points toward 'Employee Benefits- Net investment income' reaching $141.63 million. The estimate indicates a year-over-year change of +4.1%.

The average prediction of analysts places 'Business Insurance- Underlying combined ratio' at 89.5%. The estimate compares to the year-ago value of 89.4%.

The consensus among analysts is that 'Business Insurance- Loss and loss adjustment expense ratio' will reach 61.5%. Compared to the current estimate, the company reported 57.3% in the same quarter of the previous year.

Based on the collective assessment of analysts, 'Business Insurance- Expense ratio' should arrive at 30.8%. Compared to the present estimate, the company reported 31.1% in the same quarter last year.

Analysts predict that the 'Business Insurance- Combined ratio' will reach 92.6%. Compared to the present estimate, the company reported 88.8% in the same quarter last year.

According to the collective judgment of analysts, 'Employee Benefits- Expense ratio' should come in at 26.1%. Compared to the current estimate, the company reported 26.7% in the same quarter of the previous year.

The combined assessment of analysts suggests that 'Employee Benefits- Total loss ratio' will likely reach 72.8%. The estimate is in contrast to the year-ago figure of 70.1%.

The collective assessment of analysts points to an estimated 'Policies in-force - Homeowners' of 707.00 billion. Compared to the present estimate, the company reported 723.00 billion in the same quarter last year.

It is projected by analysts that the 'Policies in-force - Automobile' will reach 982.00 billion. Compared to the present estimate, the company reported 1091.00 billion in the same quarter last year.

View all Key Company Metrics for The Hartford Insurance Group here>>>

Shares of The Hartford Insurance Group have demonstrated returns of +6% over the past month compared to the Zacks S&P 500 composite's +1% change. With a Zacks Rank #3 (Hold), HIG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Published in