Shares of The Hartford Financial Services Group Inc. (NYSE:HIG) saw unusually-high trading volume on Monday . Approximately 2,431,936 shares traded hands during mid-day trading, a decline of 6% from the previous session’s volume of 2,577,568 shares.The stock last traded at $43.88 and had previously closed at $43.75.

HIG has been the subject of several recent research reports. Wells Fargo & Co. cut The Hartford Financial Services Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 17th. Morgan Stanley reiterated a “hold” rating on shares of The Hartford Financial Services Group in a research note on Saturday, April 30th. Zacks Investment Research upgraded The Hartford Financial Services Group from a “sell” rating to a “hold” rating in a research note on Friday, May 27th. Credit Suisse Group AG reiterated a “buy” rating on shares of The Hartford Financial Services Group in a research note on Monday, June 13th. Finally, Evercore ISI initiated coverage on The Hartford Financial Services Group in a research note on Wednesday, July 6th. They issued a “hold” rating and a $47.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $49.20.

The company has a market capitalization of $17.21 billion and a P/E ratio of 11.94. The stock has a 50-day moving average of $43.81 and a 200 day moving average of $43.38.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by $0.06. The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.70 billion. The firm’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. Analysts predict that The Hartford Financial Services Group Inc. will post $3.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Wednesday, June 1st were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $0.84 dividend on an annualized basis and a yield of 1.92%.

In other The Hartford Financial Services Group news, Director Thomas A. Renyi acquired 1,965 shares of The Hartford Financial Services Group stock in a transaction that occurred on Monday, June 6th. The stock was acquired at an average cost of $44.63 per share, for a total transaction of $87,697.95. Following the purchase, the director now owns 40,265 shares of the company’s stock, valued at $1,797,026.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of hedge funds and institutional investors have added to or reduced their stakes in the stock. SECOR Capital Advisors LP acquired a new position in The Hartford Financial Services Group during the fourth quarter worth $1,054,000. OppenheimerFunds Inc. acquired a new position in The Hartford Financial Services Group during the fourth quarter worth $1,074,000. Pitcairn Co. raised its position in The Hartford Financial Services Group by 28.2% in the fourth quarter. Pitcairn Co. now owns 24,527 shares of the company’s stock worth $1,065,000 after buying an additional 5,400 shares in the last quarter. Engineers Gate Manager LP acquired a new position in The Hartford Financial Services Group during the fourth quarter worth $1,117,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in The Hartford Financial Services Group by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,762 shares of the company’s stock worth $1,163,000 after buying an additional 108 shares in the last quarter.

The Hartford Financial Services Group, Inc is a holding company. The Company operates through six segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

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