State of New Jersey Common Pension Fund D held its stake in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 172,000 shares of the insurance provider’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Hartford Financial Services Group, Inc. (The) were worth $9,042,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 during the last quarter. Diamond Hill Capital Management Inc. boosted its stake 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 during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Hartford Financial Services Group, Inc. (The) during the first quarter valued at $42,367,000. WINTON GROUP Ltd boosted its stake in shares of 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 during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 during the last quarter. 90.85% of the stock is owned by hedge funds and other institutional investors.

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

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.10. The company 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 firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, equities analysts anticipate that Hartford Financial Services Group, Inc. will post $4.26 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be given 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 1.65%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is presently 51.40%.

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HIG has been the subject of a number of analyst reports. Wells Fargo & Company reissued a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, April 18th. Deutsche Bank AG initiated coverage on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, June 6th. They set a “buy” rating and a $60.00 target price for the company. ValuEngine raised shares of 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 target price on shares of Hartford Financial Services Group, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, June 6th. Finally, Royal Bank Of Canada reissued 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. Five equities research 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.

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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