Foundry Partners LLC raised its position in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 62.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385,632 shares of the insurance provider’s stock after buying an additional 148,815 shares during the period. Hartford Financial Services Group, Inc. (The) makes up 0.8% of Foundry Partners LLC’s holdings, making the stock its 11th largest position. Foundry Partners LLC’s holdings in Hartford Financial Services Group, Inc. (The) were worth $20,273,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in HIG. 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 worth $1,747,791,000 after buying an additional 1,177,520 shares during the period. 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 worth $295,159,000 after buying an additional 1,098,003 shares during the period. Point72 Asset Management L.P. acquired a new position in Hartford Financial Services Group, Inc. (The) during the first quarter worth $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 worth $50,184,000 after buying an additional 839,850 shares during the period. 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 worth $270,352,000 after buying an additional 751,114 shares during the period. 90.85% of the stock is owned by hedge funds and other institutional investors.

Hartford Financial Services Group, Inc. (NYSE:HIG) opened at 55.73 on Friday. The company’s 50-day moving average price is $53.74 and its 200-day moving average price is $50.07. The company has a market capitalization of $20.30 billion, a price-to-earnings ratio of 30.59 and a beta of 0.93. Hartford Financial Services Group, Inc. has a 52 week low of $39.68 and a 52 week high of $56.60.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s payout ratio is 51.40%.

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HIG has been the subject of a number of recent analyst reports. Wells Fargo & Company reaffirmed a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, April 18th. Deutsche Bank AG initiated coverage on Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, June 6th. They issued a “buy” rating and a $60.00 price objective for the company. ValuEngine raised Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Credit Suisse Group set a $51.00 price objective on Hartford Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a research note on Tuesday, June 6th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a research note on Wednesday, July 12th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $55.55.

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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