First Trust Advisors LP decreased its stake in The Hartford Financial Services Group Inc. (NYSE:HIG) by 5.5% during the third quarter, Holdings Channel reports. The fund owned 329,446 shares of the company’s stock after selling 19,115 shares during the period. First Trust Advisors LP’s holdings in The Hartford Financial Services Group were worth $14,107,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Johnson Financial Group Inc. boosted its stake in The Hartford Financial Services Group by 259.6% in the second quarter. Johnson Financial Group Inc. now owns 2,528 shares of the company’s stock valued at $112,000 after buying an additional 1,825 shares during the last quarter. Euclid Advisors LLC acquired a new stake in The Hartford Financial Services Group during the second quarter valued at $120,000. Global X Management Co. LLC boosted its stake in 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 valued at $123,000 after buying an additional 1,540 shares during the last quarter. MUFG Americas Holdings Corp boosted its stake 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 last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in The Hartford Financial Services Group during the second quarter valued at $134,000. Hedge funds and other institutional investors own 88.68% of the company’s stock.

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

Shares of The Hartford Financial Services Group Inc. (NYSE:HIG) traded down 0.28% during mid-day trading on Tuesday, reaching $47.05. 702,751 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $44.86 and a 200-day moving average price of $43.25. The Hartford Financial Services Group Inc. has a one year low of $36.54 and a one year high of $48.17. The stock has a market cap of $17.77 billion, a PE ratio of 13.57 and a beta of 1.24.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, October 27th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. The Hartford Financial Services Group had a net margin of 7.65% and a return on equity of 7.49%. The company earned $4.70 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the previous year, the firm posted $0.86 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that The Hartford Financial Services Group Inc. will post $3.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.23 per share. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Tuesday, November 29th. The Hartford Financial Services Group’s payout ratio is currently 24.28%.

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Several brokerages have recently issued reports on HIG. Bank of America Corp. downgraded shares of The Hartford Financial Services Group from a “buy” rating to a “neutral” rating in a report on Wednesday, November 16th. FBR & Co downgraded shares of The Hartford Financial Services Group from an “outperform” rating to a “market perform” rating and set a $47.00 price target for the company. in a report on Monday. Credit Suisse Group AG began coverage on shares of The Hartford Financial Services Group in a report on Friday, October 7th. They set a “buy” rating for the company. Barclays PLC reiterated an “overweight” rating and set a $47.00 price target (up from $46.00) on shares of The Hartford Financial Services Group in a report on Saturday, October 1st. Finally, Zacks Investment Research upgraded shares of The Hartford Financial Services Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 27th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.45.

In other news, SVP Scott R. Lewis sold 5,868 shares of The Hartford Financial Services Group stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $44.16, for a total transaction of $259,130.88. Following the completion of the sale, the senior vice president now directly owns 12,812 shares of the company’s stock, valued at approximately $565,777.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.

5 Day Chart for NYSE:HIG

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