Hartford Financial Services Group Inc (NYSE:HIG) Holdings Cut by Oakbrook Investments LLC

Oakbrook Investments LLC lessened its stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,730 shares of the insurance provider’s stock after selling 2,000 shares during the quarter. Oakbrook Investments LLC’s holdings in Hartford Financial Services Group were worth $1,561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HIG. Vanguard Group Inc. lifted its holdings in shares of Hartford Financial Services Group by 0.4% during the second quarter. Vanguard Group Inc. now owns 36,517,346 shares of the insurance provider’s stock worth $1,919,716,000 after purchasing an additional 158,023 shares during the period. FMR LLC lifted its holdings in Hartford Financial Services Group by 22.2% in the second quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock valued at $372,144,000 after buying an additional 1,284,664 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Hartford Financial Services Group by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,688,545 shares of the insurance provider’s stock valued at $299,059,000 after buying an additional 64,113 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in Hartford Financial Services Group by 31.7% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,202,001 shares of the insurance provider’s stock valued at $232,917,000 after buying an additional 1,012,591 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Hartford Financial Services Group by 31.0% in the third quarter. Janus Henderson Group PLC now owns 4,168,047 shares of the insurance provider’s stock valued at $231,034,000 after buying an additional 986,139 shares during the period. 88.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hartford Financial Services Group Inc (NYSE HIG) traded up $0.64 during mid-day trading on Friday, reaching $53.98. 3,651,016 shares of the company’s stock were exchanged, compared to its average volume of 2,562,583. Hartford Financial Services Group Inc has a twelve month low of $46.35 and a twelve month high of $59.20. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.28. The company has a market cap of $19,255.69, a P/E ratio of -6.11, a price-to-earnings-growth ratio of 1.30 and a beta of 0.93.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.04. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Hartford Financial Services Group had a negative net margin of 16.79% and a positive return on equity of 7.46%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. research analysts predict that Hartford Financial Services Group Inc will post 4.38 earnings per share for the current fiscal year.

HIG has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Hartford Financial Services Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 26th. Wells Fargo & Co restated a “hold” rating and issued a $55.00 target price on shares of Hartford Financial Services Group in a report on Monday, October 23rd. Credit Suisse Group raised shares of Hartford Financial Services Group from a “neutral” rating to an “outperform” rating and set a $65.00 price target for the company in a research note on Tuesday, December 19th. UBS Group lifted their price target on shares of Hartford Financial Services Group from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Citigroup started coverage on shares of Hartford Financial Services Group in a research note on Wednesday, December 20th. They issued a “neutral” rating and a $59.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $59.00.

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Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc is a holding company for insurance and financial services subsidiaries. The Company’s segments include Commercial Lines, which provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the United States; Personal Lines, which provides automobile, homeowners and personal umbrella coverages to individuals across the United States; Group Benefits, which provides group life, accident and disability coverage, and other products and services; Property & Casualty Other Operations, which includes certain property and casualty operations; Mutual Funds, which provides investment management, administration, product distribution and related services to investors; Talcott Resolution, which consists of the run-off of the Company’s the United States individual and institutional annuity, and Private Placement Life Insurance (PPLI) businesses, and Corporate.

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

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