State of Alaska Department of Revenue boosted its position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 7.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,118 shares of the insurance provider’s stock after buying an additional 660 shares during the period. State of Alaska Department of Revenue’s holdings in Hartford Financial Services Group, Inc. (The) were worth $531,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Westside Investment Management Inc. boosted its stake in shares of Hartford Financial Services Group, Inc. (The) by 85.8% in the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock worth $103,000 after buying an additional 1,000 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 2,293 shares of the insurance provider’s stock worth $106,000 after buying an additional 10 shares during the last quarter. Hartford Financial Management Inc. boosted its stake in shares of Hartford Financial Services Group, Inc. (The) by 489.6% in the first quarter. Hartford Financial Management Inc. now owns 2,653 shares of the insurance provider’s stock worth $127,000 after buying an additional 2,203 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Hartford Financial Services Group, Inc. (The) during the first quarter worth $163,000. Finally, Coconut Grove Bank boosted its stake in shares of Hartford Financial Services Group, Inc. (The) by 65.4% in the first quarter. Coconut Grove Bank now owns 3,440 shares of the insurance provider’s stock worth $165,000 after buying an additional 1,360 shares during the last quarter. 89.75% of the stock is owned by institutional investors and hedge funds.
Hartford Financial Services Group, Inc. (NYSE:HIG) opened at 53.79 on Friday. Hartford Financial Services Group, Inc. has a 1-year low of $38.92 and a 1-year high of $54.20. The firm has a market capitalization of $19.76 billion, a PE ratio of 21.87 and a beta of 0.93. The company’s 50-day moving average price is $52.05 and its 200 day moving average price is $49.38.
Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its quarterly earnings data on Thursday, April 27th. The insurance provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by $0.02. Hartford Financial Services Group, Inc. (The) had a net margin of 5.12% and a return on equity of 7.48%. The company had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the business earned $0.78 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Hartford Financial Services Group, Inc. will post $4.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is presently 37.70%.
A number of equities research analysts have recently weighed in on HIG shares. Zacks Investment Research raised Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Wednesday, June 28th. UBS AG reaffirmed a “buy” rating and issued a $58.00 price objective (up from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday, June 26th. Deutsche Bank AG started coverage on Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, June 6th. They issued a “buy” rating and a $60.00 price objective for the company. ValuEngine raised Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a research note on Wednesday, June 28th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $54.25.
Hartford Financial Services Group, Inc. (The) Company Profile
Receive News & Ratings for Hartford Financial Services Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.
