Advisor Partners LLC increased its position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,706 shares of the insurance provider’s stock after buying an additional 469 shares during the period. Advisor Partners LLC’s holdings in Hartford Financial Services Group, Inc. (The) were worth $615,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westside Investment Management Inc. boosted its position 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 position 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 position 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 bought a new position in shares of Hartford Financial Services Group, Inc. (The) during the first quarter worth about $163,000. Finally, Coconut Grove Bank boosted its position 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. Institutional investors and hedge funds own 90.49% of the company’s stock.
Shares of Hartford Financial Services Group, Inc. (HIG) traded down 0.07% during mid-day trading on Friday, hitting $55.56. The company had a trading volume of 4,524,540 shares. The company has a 50-day moving average price of $54.43 and a 200-day moving average price of $50.40. Hartford Financial Services Group, Inc. has a 1-year low of $39.68 and a 1-year high of $57.16. The company has a market capitalization of $20.24 billion, a price-to-earnings ratio of 30.49 and a beta of 0.93.
Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.10. The company had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. On average, equities analysts anticipate that Hartford Financial Services Group, Inc. will post $4.26 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.66%. The ex-dividend date is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is currently 51.40%.
A number of research analysts have issued reports on HIG shares. BidaskClub cut Hartford Financial Services Group, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $58.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a research note on Wednesday, June 28th. Zacks Investment Research upgraded 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 reissued a “buy” rating and issued a $58.00 target price (up previously from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, June 26th. Finally, Deutsche Bank AG started coverage on Hartford Financial Services Group, Inc. (The) in a report on Tuesday, June 6th. They issued a “buy” rating and a $60.00 target price for the company. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Hartford Financial Services Group, Inc. (The) currently has a consensus rating of “Buy” and a consensus target price of $56.30.
About Hartford Financial Services Group, Inc. (The)
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