Bank of Montreal Can reduced its position in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 18.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,903 shares of the insurance provider’s stock after selling 56,580 shares during the period. Bank of Montreal Can owned about 0.07% of Hartford Financial Services Group, Inc. (The) worth $13,189,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Hartford Financial Services Group, Inc. (The) by 3.3% in the first quarter. Vanguard Group Inc. now owns 36,359,323 shares of the insurance provider’s stock worth $1,747,791,000 after buying an additional 1,177,520 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in Hartford Financial Services Group, Inc. (The) by 21.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 6,140,185 shares of the insurance provider’s stock worth $295,159,000 after buying an additional 1,098,003 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Hartford Financial Services Group, Inc. (The) during the first quarter worth approximately $42,367,000. WINTON GROUP Ltd raised its position in Hartford Financial Services Group, Inc. (The) by 252.9% in the first quarter. WINTON GROUP Ltd now owns 1,171,965 shares of the insurance provider’s stock worth $50,184,000 after buying an additional 839,850 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Hartford Financial Services Group, Inc. (The) by 15.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,624,432 shares of the insurance provider’s stock worth $270,352,000 after buying an additional 751,114 shares in the last quarter. 89.75% of the stock is currently owned by institutional investors.
Shares of Hartford Financial Services Group, Inc. (NYSE HIG) opened at 53.79 on Friday. The company has a market cap of $19.76 billion, a P/E ratio of 21.87 and a beta of 0.93. Hartford Financial Services Group, Inc. has a 12-month low of $38.92 and a 12-month high of $54.20. The company has a 50-day moving average price of $52.05 and a 200-day moving average price of $49.38.
Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its earnings results on Thursday, April 27th. The insurance provider reported $1.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by $0.02. The company had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.90 billion. Hartford Financial Services Group, Inc. (The) had a return on equity of 7.48% and a net margin of 5.12%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. On average, analysts predict that Hartford Financial Services Group, Inc. will post $4.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s payout ratio is presently 37.70%.
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Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Hartford Financial Services Group, Inc. (The) in a research note on Thursday, April 6th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, April 18th. Deutsche Bank AG assumed coverage on Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, June 6th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Credit Suisse Group set a $51.00 price target on Hartford Financial Services Group, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, June 6th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Hartford Financial Services Group, Inc. (The) has an average rating of “Buy” and a consensus price target of $54.25.
About Hartford Financial Services Group, Inc. (The)
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