Turquoise Hill Resources Ltd (NYSE:TRQ) & Hartford Financial Services Group Inc (NYSE:HIG) Traders Recap

On Friday, Shares of Turquoise Hill Resources Ltd (NYSE:TRQ) gained 0.85% to $3.56. The share price is trading in a range of $3.55 – 3.64. The stock exchanged hands with 3.96 million shares contrast to its average daily volume of 3.17 million shares.

Turquoise Hill Resources Ltd (NYSE:TRQ) have shown a high EPS growth of 19.80% in the last 5 years and has earnings growth of -171.40% yoy. Analysts have a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The stock appeared -6.32% below its 52-week highs and is up 0.28% for the last five trades.

Shares of Hartford Financial Services Group Inc (NYSE:HIG) inclined 0.67% to $47.86. The share price of the stock surged 18.06% for the year.

The Hartford (HIG) stated a net loss of $81 million in fourth quarter 2016 contrast with net income of $421 million in fourth quarter 2015 and core earnings of $415 million in fourth quarter 2016, down from $445 million in fourth quarter 2015.

Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest GAAP measures can be found in this news release under the heading Negotiation of Non-GAAP Financial Measures

The net loss was mainly because of a fourth quarter 2016 charge of $423 million, after-tax, resulting from a reinsurance agreement with National Indemnity Company covering The Hartford’s A&E liability exposures. The net loss for fourth quarter 2016 also included an unlock charge of $12 million, after-tax, contrast with an unlock benefit of $35 million, after-tax, in fourth quarter 2015. Both fourth quarter 2016 net loss and core earnings were affected by the $102 million, after-tax, decrease in property and casualty (P&C) underwriting results, partially offset by a $40 million, after-tax, increase in investment income from limited partnerships and other alternative investments (LPs). The decrease in P&C underwriting results contrast with fourth quarter 2015 was mainly because of higher current accident year personal automobile liability losses and, for P&C in total, a $39 million, after-tax, net unfavorable change in prior accident year development (PYD) and an $18 million, after-tax, increase in catastrophe losses.

Fourth quarter 2016 net loss per diluted share was $0.22 contrast with net income per diluted share of $1.01 in fourth quarter 2015. During 2016, the company repurchased 30.8 million common shares for a total of $1.3 billion, which was the primary contributor to an 8% decrease in the company’s weighted average diluted common shares outstanding. Core earnings per diluted share in fourth quarter 2016 were $1.08 contrast with $1.07 in fourth quarter 2015, a boost of 1% as the impact of share repurchases more than offset the 7% decline in core earnings.

Analysts give HIG a mean recommendation of 2.60. The company has grown 3.37% in past 3 months and in the last five trades has moved up 1.12%. The stock has earnings growth of -121.20% yoy and showed a high EPS growth of 15.40% over the past five years. The stock’s price moved up its 200-day moving average of $44.73. The stock is presently trading down its SMA-50 of $48.15.

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