UMB Bank N A MO reduced its stake in Hartford Financial Services Group Inc (NYSE:HIG) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 68,948 shares of the insurance provider’s stock after selling 281 shares during the period. UMB Bank N A MO’s holdings in Hartford Financial Services Group were worth $3,625,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. raised its position in Hartford Financial Services Group by 85.8% in the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock valued at $103,000 after buying an additional 1,000 shares in the last quarter. Quadrant Capital Group LLC raised its position in Hartford Financial Services Group by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 2,293 shares of the insurance provider’s stock valued at $106,000 after buying an additional 10 shares in the last quarter. Hartford Financial Management Inc. raised its position in Hartford Financial Services Group by 489.6% in the first quarter. Hartford Financial Management Inc. now owns 2,653 shares of the insurance provider’s stock valued at $127,000 after buying an additional 2,203 shares in the last quarter. Advisory Services Network LLC bought a new position in Hartford Financial Services Group during the first quarter valued at about $163,000. Finally, Coconut Grove Bank raised its position in Hartford Financial Services Group by 65.4% in the first quarter. Coconut Grove Bank now owns 3,440 shares of the insurance provider’s stock valued at $165,000 after buying an additional 1,360 shares in the last quarter. 90.85% of the stock is owned by hedge funds and other institutional investors.

Hartford Financial Services Group Inc (NYSE HIG) opened at 56.04 on Friday. The company has a market capitalization of $20.42 billion, a P/E ratio of 30.76 and a beta of 0.93. The company’s 50 day moving average price is $53.87 and its 200-day moving average price is $50.13. 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 (NYSE:HIG) last posted its earnings results on Thursday, July 27th. The insurance provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.94 by $0.10. The firm had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.30 billion. Hartford Financial Services Group had a negative return on equity of 0.94% and a negative net margin of 0.84%. Hartford Financial Services Group’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Equities research analysts expect that Hartford Financial Services Group Inc will post $4.26 earnings per share for the current year.

The business 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. 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’s dividend payout ratio (DPR) is 51.40%.

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Several equities analysts have recently issued reports on HIG shares. BidaskClub lowered Hartford Financial Services Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $58.00 price target on shares of Hartford Financial Services Group in a research report on Wednesday, June 28th. Zacks Investment Research raised Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Wednesday, June 28th. UBS AG reaffirmed a “buy” rating and issued a $58.00 price target (up previously from $54.00) on shares of Hartford Financial Services Group in a research report on Monday, June 26th. Finally, Deutsche Bank AG started coverage on Hartford Financial Services Group in a research report on Tuesday, June 6th. They issued a “buy” rating and a $60.00 target price for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $56.30.

Hartford Financial Services Group Company Profile

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Institutional Ownership by Quarter for Hartford Financial Services Group (NYSE:HIG)

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