Connecticut Wealth Management LLC bought a new position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,042 shares of the insurance provider’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HIG. Global X Management Co. LLC raised its position in shares of Hartford Financial Services Group, Inc. (The) by 20.0% in the second quarter. Global X Management Co. LLC now owns 7,553 shares of the insurance provider’s stock worth $397,000 after buying an additional 1,259 shares during the period. Pioneer Investment Management Inc. raised its position in shares of Hartford Financial Services Group, Inc. (The) by 27.4% in the second quarter. Pioneer Investment Management Inc. now owns 3,189,410 shares of the insurance provider’s stock worth $167,667,000 after buying an additional 685,885 shares during the period. Seven Bridges Advisors LLC raised its position in shares of Hartford Financial Services Group, Inc. (The) by 17.4% in the second quarter. Seven Bridges Advisors LLC now owns 48,921 shares of the insurance provider’s stock worth $2,572,000 after buying an additional 7,249 shares during the period. Advisor Partners LLC raised its position in shares of Hartford Financial Services Group, Inc. (The) by 4.2% in the second quarter. Advisor Partners LLC now owns 11,706 shares of the insurance provider’s stock worth $615,000 after buying an additional 469 shares during the period. Finally, Goelzer Investment Management Inc. raised its position in shares of Hartford Financial Services Group, Inc. (The) by 2.5% in the second quarter. Goelzer Investment Management Inc. now owns 96,467 shares of the insurance provider’s stock worth $5,071,000 after buying an additional 2,346 shares during the period. Hedge funds and other institutional investors own 90.85% of the company’s stock.

Hartford Financial Services Group, Inc. (HIG) opened at 56.24 on Thursday. The firm has a 50-day moving average price of $53.63 and a 200-day moving average price of $50.03. The stock has a market cap of $20.49 billion, a price-to-earnings ratio of 30.87 and a beta of 0.93. Hartford Financial Services Group, Inc. has a one year low of $39.68 and a one year high of $56.60.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.10. The firm 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 return on equity of 9.13% and a net margin of 3.73%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. On average, equities analysts predict that Hartford Financial Services Group, Inc. will post $4.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s payout ratio is currently 51.40%.

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A number of research analysts have recently issued reports on the company. Deutsche Bank AG reiterated 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 research report on Tuesday, August 1st. Zacks Investment Research upgraded Hartford Financial Services Group, Inc. (The) from a “sell” rating to a “hold” rating and set a $62.00 target price on the stock in a research report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $58.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research report on Sunday, July 30th. Wells Fargo & Company reiterated a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a research report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $54.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research report on Wednesday, July 12th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently 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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