NEW YORK (TheStreet) -- Shares of Hartford Financial Services Group Inc. (HIG) are up 1.54% to $35.00 in after-market trading on Monday, following the release of the company's first quarter 2014 earnings report.
The insurance and financial services company reported that its first quarter core earnings rose to $564 million, a 23% increase from the $457 million reported during the same quarter in 2013.
Net income improved as the company reported $495 million, or $1.03 per diluted share, compared to $241 million, or $0.58 per diluted share from the first quarter 2013.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
TheStreet Ratings team rates HARTFORD FINANCIAL SERVICES as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate HARTFORD FINANCIAL SERVICES (HIG) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: