- Book Value Per Share Jumps 18% From End of Second Quarter to $37.90
The key is that HIG will survive and prosper and book value is likely to soon bounce back over $40. Earnings will likely be estimated at over $4 and mabye as high as $5 next year. So either way you slice the valuation based on BV or EPS, HIG easily hits the $50+ range. Until then we'll avoid straining brain power on the earnings release and focus more on the macro view.
Hartford Financial continues to be one of the biggest positions in our Growth Portfolio and will remain that way until the stock rockets much closer to normal valuations.
Disclosure: Long HIG is client and personal accounts.