Westpac Banking Corp decreased its position in shares of The Hartford Financial Services Group Inc. (NYSE:HIG) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,731 shares of the company’s stock after selling 4,593 shares during the period. Westpac Banking Corp’s holdings in The Hartford Financial Services Group were worth $4,569,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HIG. Global X Management Co. LLC boosted its position in shares of The Hartford Financial Services Group by 126.1% in the second quarter. Global X Management Co. LLC now owns 2,761 shares of the company’s stock worth $123,000 after buying an additional 1,540 shares in the last quarter. MUFG Americas Holdings Corp boosted its position in The Hartford Financial Services Group by 14.4% in the second quarter. MUFG Americas Holdings Corp now owns 2,869 shares of the company’s stock valued at $127,000 after buying an additional 362 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in The Hartford Financial Services Group during the second quarter valued at approximately $134,000. Stratos Wealth Partners LTD. boosted its position in The Hartford Financial Services Group by 1.2% in the first quarter. Stratos Wealth Partners LTD. now owns 4,961 shares of the company’s stock valued at $229,000 after buying an additional 57 shares during the period. Finally, YHB Investment Advisors Inc. acquired a new position in The Hartford Financial Services Group during the second quarter valued at approximately $230,000. 89.58% of the stock is owned by hedge funds and other institutional investors.

The Hartford Financial Services Group Inc. (NYSE:HIG) opened at 42.54 on Thursday. The company has a 50-day moving average price of $40.82 and a 200-day moving average price of $43.52. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 13.05 and a beta of 1.44. The Hartford Financial Services Group Inc. has a one year low of $36.54 and a one year high of $49.41.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.49. The Hartford Financial Services Group had a net margin of 7.39% and a return on equity of 7.27%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. Equities research analysts anticipate that The Hartford Financial Services Group Inc. will post $3.27 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 1st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, August 30th. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 25.93%.

Several research firms recently commented on HIG. Wells Fargo & Co. cut The Hartford Financial Services Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 26th. They noted that the move was a valuation call. 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. MKM Partners cut their price target on The Hartford Financial Services Group from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Finally, Barclays PLC cut their price target on The Hartford Financial Services Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, July 29th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $47.85.

In related news, Director H Patrick Swygert sold 7,500 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $40.35, for a total value of $302,625.00. Following the completion of the sale, the director now owns 34,745 shares in the company, valued at $1,401,960.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.23% of the company’s stock.

About The Hartford Financial Services Group

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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