Daiwa Securities Group Inc. reduced its position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 5.7% during the second quarter, Holdings Channel reports. The institutional investor owned 31,490 shares of the insurance provider’s stock after selling 1,900 shares during the period. Daiwa Securities Group Inc.’s holdings in Hartford Financial Services Group, Inc. (The) were worth $1,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mount Vernon Associates Inc. MD boosted its position in Hartford Financial Services Group, Inc. (The) by 1.3% in the first quarter. Mount Vernon Associates Inc. MD now owns 16,166 shares of the insurance provider’s stock worth $777,000 after buying an additional 200 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Hartford Financial Services Group, Inc. (The) during the first quarter worth approximately $2,013,000. DnB Asset Management AS boosted its position in Hartford Financial Services Group, Inc. (The) by 17.1% in the first quarter. DnB Asset Management AS now owns 41,873 shares of the insurance provider’s stock worth $2,013,000 after buying an additional 6,100 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted 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 worth $2,898,000 after buying an additional 18,918 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Hartford Financial Services Group, Inc. (The) during the first quarter worth approximately $404,000. Hedge funds and other institutional investors own 90.85% of the company’s stock.

Hartford Financial Services Group, Inc. (NYSE HIG) opened at 56.24 on Thursday. The firm has a market capitalization of $20.49 billion, a PE ratio of 30.87 and a beta of 0.93. The firm’s 50-day moving average price is $53.63 and its 200-day moving average price is $50.03. Hartford Financial Services Group, Inc. has a 1-year low of $39.68 and a 1-year high of $56.60.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors 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 annualized dividend and a dividend yield of 1.64%. Hartford Financial Services Group, Inc. (The)’s payout ratio is 51.40%.

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A number of research analysts recently commented on the company. Deutsche Bank AG reiterated a “buy” rating and issued a $61.00 price objective (up from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $58.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a 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 objective on the stock in a report on Monday, July 31st. Wells Fargo & Company reiterated a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a report on Friday, July 28th. Finally, FBR & Co upped their price objective 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average 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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