Hartford Financial Services Group Inc (HIG) Position Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 22.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,765 shares of the insurance provider’s stock after buying an additional 6,751 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Hartford Financial Services Group were worth $2,038,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC lifted its stake in shares of Hartford Financial Services Group by 5,984.5% during the second quarter. Janus Henderson Group PLC now owns 3,181,908 shares of the insurance provider’s stock worth $167,272,000 after buying an additional 3,129,613 shares during the period. JPMorgan Chase & Co. grew its position in Hartford Financial Services Group by 10.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock worth $1,580,827,000 after purchasing an additional 2,730,796 shares during the last quarter. FMR LLC grew its position in Hartford Financial Services Group by 22.2% during the 2nd quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock worth $372,144,000 after purchasing an additional 1,284,664 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in Hartford Financial Services Group by 1,154.0% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 947,754 shares of the insurance provider’s stock worth $42,061,000 after purchasing an additional 872,174 shares during the last quarter. Finally, Pioneer Investment Management Inc. grew its position in Hartford Financial Services Group by 27.4% during the 2nd quarter. Pioneer Investment Management Inc. now owns 3,189,410 shares of the insurance provider’s stock worth $167,667,000 after purchasing an additional 685,885 shares during the last quarter. 88.62% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on the stock. Goldman Sachs Group began coverage on shares of Hartford Financial Services Group in a research report on Monday. They set a “neutral” rating and a $59.00 price objective on the stock. Barclays lifted their price target on shares of Hartford Financial Services Group from $59.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. Wells Fargo & Company set a $55.00 price target on shares of Hartford Financial Services Group and gave the stock a “hold” rating in a report on Monday. BidaskClub upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $60.00 target price on shares of Hartford Financial Services Group in a report on Tuesday, October 3rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $57.54.

Shares of Hartford Financial Services Group Inc (NYSE:HIG) traded down $1.86 during mid-day trading on Wednesday, reaching $54.64. 4,893,800 shares of the company’s stock were exchanged, compared to its average volume of 2,352,167. The firm has a market capitalization of $20,154.61, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.64 and a beta of 0.98. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. Hartford Financial Services Group Inc has a 1 year low of $46.35 and a 1 year high of $58.61.

Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the company posted $1.06 earnings per share. Hartford Financial Services Group’s revenue was down .7% compared to the same quarter last year. research analysts anticipate that Hartford Financial Services Group Inc will post 3.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be given a dividend of $0.25 per share. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, November 30th. Hartford Financial Services Group’s payout ratio is presently 76.34%.

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Hartford Financial Services Group Company Profile

Institutional Ownership by Quarter for Hartford Financial Services Group (NYSE:HIG)

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