Hartford Financial Services (HIG) Stock Falls in After-Hours Trading on Earnings Miss - TheStreet

NEW YORK (TheStreet) -- Hartford Financial Services (HIG) - Get Report stock is decreasing by 4.79% to $46.50 in after-hours trading on Monday, following the release of the company's earnings results for the third quarter of 2015.

The personal insurance and financial service company reported earnings of 86 cents per share for the most recent quarter, down by 19% from $1.06 per share for the year ago period. 

Revenue declined to $4.56 billion from $4.77 billion for the 2014 third quarter.

Analysts surveyed by Thomson Reuters had forecast for earnings of 99 cents per share on revenue of $4.74 billion for the most recent quarter.

"While The Hartford delivered strong underlying performance in Commercial Lines and Group Benefits, our results this quarter reflect headwinds in several areas, resulting in a decrease in core earnings," CEO Christopher Swift said in a statement. "Lower net investment income, adverse prior year development in Commercial Lines and higher catastrophes and loss costs in Personal Lines were the primary contributors to the decrease from third quarter 2014."

Separately, TheStreet Ratings team rates HARTFORD FINANCIAL SERVICES as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

We rate HARTFORD FINANCIAL SERVICES (HIG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.

You can view the full analysis from the report here: HIG

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