KBC Group NV Has $2.36 Million Position in Hartford Financial Services Group Inc (HIG)

KBC Group NV trimmed its position in Hartford Financial Services Group Inc (NYSE:HIG) by 21.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,949 shares of the insurance provider’s stock after selling 11,535 shares during the quarter. KBC Group NV’s holdings in Hartford Financial Services Group were worth $2,360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its holdings in Hartford Financial Services Group by 6.6% in the 4th quarter. California Public Employees Retirement System now owns 1,251,879 shares of the insurance provider’s stock worth $70,456,000 after acquiring an additional 77,858 shares in the last quarter. Goelzer Investment Management Inc. increased its holdings in Hartford Financial Services Group by 2.4% in the 4th quarter. Goelzer Investment Management Inc. now owns 98,478 shares of the insurance provider’s stock worth $5,542,000 after acquiring an additional 2,308 shares in the last quarter. ING Groep NV increased its holdings in Hartford Financial Services Group by 39.9% in the 4th quarter. ING Groep NV now owns 8,528 shares of the insurance provider’s stock worth $480,000 after acquiring an additional 2,434 shares in the last quarter. Alps Advisors Inc. increased its holdings in Hartford Financial Services Group by 16.3% in the 4th quarter. Alps Advisors Inc. now owns 18,431 shares of the insurance provider’s stock worth $1,037,000 after acquiring an additional 2,579 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in Hartford Financial Services Group by 2.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 69,148 shares of the insurance provider’s stock worth $3,892,000 after acquiring an additional 1,927 shares in the last quarter. 87.06% of the stock is owned by institutional investors.

Shares of Hartford Financial Services Group Inc (NYSE:HIG) opened at $53.82 on Wednesday. Hartford Financial Services Group Inc has a fifty-two week low of $46.35 and a fifty-two week high of $59.20. The company has a current ratio of 0.27, a quick ratio of 0.40 and a debt-to-equity ratio of 0.37. The stock has a market cap of $19,317.15, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 1.30 and a beta of 0.93.

Hartford Financial Services Group (NYSE:HIG) last posted its earnings results on Thursday, February 8th. The insurance provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. Hartford Financial Services Group had a negative net margin of 16.79% and a positive return on equity of 7.89%. The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the firm posted $1.08 earnings per share. Hartford Financial Services Group’s revenue for the quarter was up 14.1% compared to the same quarter last year. equities research analysts anticipate that Hartford Financial Services Group Inc will post 4.39 earnings per share for the current year.

Several equities research analysts recently issued reports on HIG shares. Zacks Investment Research raised shares of Hartford Financial Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. UBS Group increased their price objective on shares of Hartford Financial Services Group from $58.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. B. Riley reaffirmed a “neutral” rating on shares of Hartford Financial Services Group in a report on Monday, November 6th. Wells Fargo & Co set a $55.00 price objective on shares of Hartford Financial Services Group and gave the company a “hold” rating in a report on Thursday, November 16th. Finally, Goldman Sachs Group began coverage on shares of Hartford Financial Services Group in a report on Monday, December 4th. They set a “neutral” rating and a $59.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Hartford Financial Services Group has a consensus rating of “Hold” and an average price target of $59.00.

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Hartford Financial Services Group 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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