Tokio Marine Asset Management Co. Ltd. decreased its stake in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 23.4% during the second quarter, Holdings Channel reports. The firm owned 4,389 shares of the insurance provider’s stock after selling 1,342 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Hartford Financial Services Group, Inc. (The) were worth $231,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. increased its position in 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 valued at $103,000 after buying an additional 1,000 shares during the period. Quadrant Capital Group LLC increased its position in 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 valued at $106,000 after buying an additional 10 shares during the period. Hartford Financial Management Inc. increased its position in 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 valued at $127,000 after buying an additional 2,203 shares during the period. Ledyard National Bank increased its position in Hartford Financial Services Group, Inc. (The) by 168.9% in the second quarter. Ledyard National Bank now owns 3,343 shares of the insurance provider’s stock valued at $176,000 after buying an additional 2,100 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Hartford Financial Services Group, Inc. (The) during the first quarter valued at approximately $163,000. 90.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hartford Financial Services Group, Inc. (HIG) opened at 55.97 on Tuesday. The company has a 50-day moving average of $52.96 and a 200 day moving average of $49.72. The company has a market cap of $20.39 billion, a PE ratio of 30.72 and a beta of 0.93. Hartford Financial Services Group, Inc. has a 12-month low of $39.68 and a 12-month high of $56.32.
Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. The business had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm posted $0.31 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that Hartford Financial Services Group, Inc. will post $4.26 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 1.64%. Hartford Financial Services Group, Inc. (The)’s payout ratio is 51.40%.
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Several research analysts have commented on the stock. UBS AG reissued a “buy” rating and set a $58.00 price target (up from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday, June 26th. Credit Suisse Group set a $51.00 price target on shares of Hartford Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a research note on Sunday, April 30th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $58.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research note on Sunday, July 30th. Zacks Investment Research upgraded shares of Hartford Financial Services Group, Inc. (The) from a “sell” rating to a “hold” rating and set a $62.00 target price on the stock in a report on Monday, July 31st. Finally, Wells Fargo & Company restated a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a report on Friday, July 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $54.67.
Hartford Financial Services Group, Inc. (The) Company Profile
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