The Hartford Beats 3Q profit forecasts
HARTFORD, Conn. (AP) _ The Hartford Financial Services Group Inc. (HIG) on Monday reported third-quarter profit of $234 million.
The Hartford, Connecticut-based company said it had net income of 64 cents per share. Earnings, adjusted for non-recurring gains, were 60 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The insurance and financial services company posted revenue of $4.68 billion in the period. Its adjusted revenue was $4.69 billion.
The Hartford shares have climbed 19 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 15 percent. The stock has climbed 33 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIG at https://www.zacks.com/ap/HIG
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