HARTFORD, Conn. (AP) _ The Hartford Financial Services Group Inc. (HIG) on Thursday reported second-quarter net income of $468 million.
The Hartford, Connecticut-based company said it had net income of $1.29 per share. Earnings, adjusted for non-recurring gains, were $1.22 per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $1.22 per share.
The insurance and financial services company posted revenue of $5.07 billion in the period. Its adjusted revenue was $3.2 billion.
The Hartford shares have dropped 33% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Thursday, shares hit $40.50, a decrease of 30% 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
Automated Insights, source Associated Press News