Financial Stocks Higher; The Hartford Climbs 1% After Adjusted Q1 EPS Beat

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Financial stocks were higher this afternoon, with the NYSE Financial Sector Index climbing about 0.7% and the S&P Financial 100 Index advancing 0.8%.

In company news, shares of The Hartford Financial Services Group Inc. ( HIG ) were up about 1% Tuesday after posting Q1 adjusted net income that beat analyst estimates although revenue for the first three months narrowly trailed the Street view.

The insurance and financial services company earned $0.18 per share, excluding non-recurring items, exceeding the Capital IQ consensus by $0.04 per share. Revenue rose 1.9% year over year to $168 million, lagging expectations by around $2.14 mln.

HIG shares were up 1.2% in recent trade at $34.80 each, earlier advancing to a session high of $35.03 a share. The stock has a 52-week range of $26.99 to $36.76 a share, climbing 30.1% over the past year.

In other sector news,

(+) OFG, (+2.7%) Q1 earnings of $0.42 per share were in-line with the Capital IQ consensus.

(-) WRLD, (-2.1%) Consumer lender reports Q4 EPS of $3.52 per share trailed analyst projections by $0.01. Revenue climbs 0.1% year over year to $161.9 mln, lagging estimates by around $13.62 mln.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: HIG

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