Pzena Investment Management LLC held its position in The Hartford Financial Services Group Inc. (NYSE:HIG) during the third quarter, Holdings Channel reports. The firm owned 314,390 shares of the company’s stock at the end of the third quarter. Pzena Investment Management LLC’s holdings in The Hartford Financial Services Group were worth $13,462,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC boosted its position in The Hartford Financial Services Group by 120.5% in the first quarter. BlueMountain Capital Management LLC now owns 16,726 shares of the company’s stock valued at $771,000 after buying an additional 9,140 shares in the last quarter. Cullinan Associates Inc. boosted its position in The Hartford Financial Services Group by 103.9% in the second quarter. Cullinan Associates Inc. now owns 36,300 shares of the company’s stock valued at $1,611,000 after buying an additional 18,500 shares in the last quarter. DNB Asset Management AS boosted its position in The Hartford Financial Services Group by 2.1% in the second quarter. DNB Asset Management AS now owns 33,973 shares of the company’s stock valued at $1,508,000 after buying an additional 700 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in The Hartford Financial Services Group by 5.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 101,828 shares of the company’s stock valued at $4,519,000 after buying an additional 5,247 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in The Hartford Financial Services Group by 0.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 338,378 shares of the company’s stock valued at $15,016,000 after buying an additional 1,844 shares in the last quarter. Institutional investors and hedge funds own 88.68% of the company’s stock.

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

The Hartford Financial Services Group Inc. (NYSE:HIG) traded down 0.13% on Tuesday, reaching $47.12. The company’s stock had a trading volume of 729,770 shares. The firm has a market capitalization of $17.80 billion, a price-to-earnings ratio of 13.59 and a beta of 1.24. The company has a 50 day moving average of $44.86 and a 200 day moving average of $43.25. The Hartford Financial Services Group Inc. has a 52 week low of $36.54 and a 52 week high of $48.17.

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

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

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Several equities analysts have weighed in on HIG shares. Keefe, Bruyette & Woods cut their price target on The Hartford Financial Services Group from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, August 1st. FBR & Co cut their price target on The Hartford Financial Services Group from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, August 10th. Atlantic Securities lowered The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $45.00 in a research note on Wednesday, August 10th. Mizuho raised their price objective on The Hartford Financial Services Group from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Finally, Credit Suisse Group AG set a $51.00 price objective on The Hartford Financial Services Group and gave the company a “buy” rating in a research note on Tuesday, August 23rd. 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 an average target price of $47.45.

In other The Hartford Financial Services Group news, SVP Scott R. Lewis sold 5,868 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was 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 in the company, valued at approximately $565,777.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.23% of the company’s stock.

The Hartford Financial Services Group Company Profile

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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