Hartford Investment Management Co. lowered its stake in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,951 shares of the insurance provider’s stock after selling 1,743 shares during the period. Hartford Investment Management Co.’s holdings in Hartford Financial Services Group, Inc. (The) were worth $2,153,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HIG. Wealth Enhancement Advisory Services LLC raised its position in Hartford Financial Services Group, Inc. (The) by 45.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 60,839 shares of the insurance provider’s stock valued at $2,898,000 after buying an additional 18,918 shares in the last quarter. Marathon Asset Management LLP raised its position in Hartford Financial Services Group, Inc. (The) by 12.4% in the first quarter. Marathon Asset Management LLP now owns 755,422 shares of the insurance provider’s stock valued at $36,457,000 after buying an additional 83,209 shares in the last quarter. Banced Corp raised its position in Hartford Financial Services Group, Inc. (The) by 4.8% in the first quarter. Banced Corp now owns 12,365 shares of the insurance provider’s stock valued at $595,000 after buying an additional 562 shares in the last quarter. Stifel Financial Corp raised its position in Hartford Financial Services Group, Inc. (The) by 4.0% in the first quarter. Stifel Financial Corp now owns 58,777 shares of the insurance provider’s stock valued at $2,825,000 after buying an additional 2,252 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Hartford Financial Services Group, Inc. (The) by 5.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 62,761 shares of the insurance provider’s stock valued at $3,017,000 after buying an additional 3,194 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors.

Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) traded up 0.81% during midday trading on Friday, reaching $56.29. 1,498,119 shares of the company’s stock were exchanged. The stock has a market cap of $20.51 billion, a PE ratio of 30.89 and a beta of 0.93. The stock’s 50 day moving average is $52.96 and its 200-day moving average is $49.72. Hartford Financial Services Group, Inc. has a 12-month low of $39.68 and a 12-month high of $56.57.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.10. The firm had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. On average, equities analysts expect that Hartford Financial Services Group, Inc. will post $4.26 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s payout ratio is presently 51.40%.

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HIG has been the topic of several recent research reports. Wells Fargo & Company reaffirmed a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, April 18th. Zacks Investment Research raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Wednesday, June 28th. Deutsche Bank AG reaffirmed a “buy” rating and set a $61.00 target price (up previously from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday. Credit Suisse Group set a $51.00 target price on shares of Hartford Financial Services Group, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, June 6th. Finally, ValuEngine raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $54.67.

About Hartford Financial Services Group, Inc. (The)

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

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