Public Employees Retirement Association of Colorado decreased its stake in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,221 shares of the insurance provider’s stock after selling 929 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Hartford Financial Services Group, Inc. (The) were worth $3,692,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Hartford Financial Services Group, Inc. (The) by 3.3% in the first quarter. Vanguard Group Inc. now owns 36,359,323 shares of the insurance provider’s stock valued at $1,747,791,000 after buying an additional 1,177,520 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Hartford Financial Services Group, Inc. (The) by 21.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 6,140,185 shares of the insurance provider’s stock valued at $295,159,000 after buying an additional 1,098,003 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hartford Financial Services Group, Inc. (The) by 15.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,624,432 shares of the insurance provider’s stock valued at $270,352,000 after buying an additional 751,114 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Hartford Financial Services Group, Inc. (The) by 7.2% in the first quarter. Geode Capital Management LLC now owns 3,666,465 shares of the insurance provider’s stock valued at $175,998,000 after buying an additional 244,683 shares in the last quarter. Finally, Pioneer Investment Management Inc. increased its position in shares of Hartford Financial Services Group, Inc. (The) by 29.1% in the first quarter. Pioneer Investment Management Inc. now owns 2,503,525 shares of the insurance provider’s stock valued at $120,344,000 after buying an additional 563,578 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hartford Financial Services Group, Inc. (NYSE HIG) opened at 56.29 on Friday. Hartford Financial Services Group, Inc. has a 12 month low of $39.68 and a 12 month high of $56.57. The stock has a market capitalization of $20.51 billion, a PE ratio of 30.89 and a beta of 0.93. The company’s 50-day moving average is $52.96 and its 200-day moving average is $49.72.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.10. The business had revenue of $4.77 billion for the quarter, compared to the consensus estimate 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%. Hartford Financial Services Group, Inc. (The)’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. Equities research analysts expect that Hartford Financial Services Group, Inc. will post $4.26 earnings per share for the current fiscal year.

The firm 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 dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.63%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is currently 51.40%.

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Several brokerages recently issued reports on HIG. Deutsche Bank AG restated a “buy” rating and set a $61.00 price objective (up from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “buy” rating and set a $58.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a research report on Sunday, July 30th. Zacks Investment Research upgraded Hartford Financial Services Group, Inc. (The) from a “sell” rating to a “hold” rating and set a $62.00 price target for the company in a report on Monday, July 31st. Wells Fargo & Co reiterated a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a report on Friday, July 28th. Finally, FBR & Co boosted their price target on Hartford Financial Services Group, Inc. (The) from $49.00 to $54.00 and gave the company a “mkt perform” rating in a report on Tuesday, July 11th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $54.67.

Hartford Financial Services Group, Inc. (The) Company Profile

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

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