Bp Plc maintained its position in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) during the second quarter, Holdings Channel reports. The institutional investor owned 45,000 shares of the insurance provider’s stock at the end of the second quarter. Bp Plc’s holdings in Hartford Financial Services Group, Inc. (The) were worth $2,365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in 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. raised its position in 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. Point72 Asset Management L.P. bought a new position in Hartford Financial Services Group, Inc. (The) during the first quarter valued at approximately $42,367,000. WINTON GROUP Ltd raised its position in Hartford Financial Services Group, Inc. (The) by 252.9% in the first quarter. WINTON GROUP Ltd now owns 1,171,965 shares of the insurance provider’s stock valued at $50,184,000 after buying an additional 839,850 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in 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. Institutional investors own 90.85% of the company’s stock.

Hartford Financial Services Group, Inc. (NYSE:HIG) opened at 55.73 on Friday. Hartford Financial Services Group, Inc. has a 12 month low of $39.68 and a 12 month high of $56.60. The firm’s 50 day moving average price is $53.74 and its 200 day moving average price is $50.07. The stock has a market cap of $20.30 billion, a price-to-earnings ratio of 30.59 and a beta of 0.93.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.10. The business had revenue of $4.77 billion during 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%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $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 company 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 is Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.65%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is currently 51.40%.

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Several research analysts recently commented on HIG shares. Wells Fargo & Company reiterated a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, April 18th. Deutsche Bank AG started coverage on Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, June 6th. They issued a “buy” rating and a $60.00 price target for the company. ValuEngine upgraded Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Credit Suisse Group set a $51.00 price target on Hartford Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, June 6th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $54.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research report on Wednesday, July 12th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $55.55.

About Hartford Financial Services Group, Inc. (The)

Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hartford Financial Services Group, Inc. (The) (NYSE:HIG).

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

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