Wedge Capital Management L L P NC reduced its position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 7.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 625,546 shares of the insurance provider’s stock after selling 47,293 shares during the period. Wedge Capital Management L L P NC’s holdings in Hartford Financial Services Group, Inc. (The) were worth $32,885,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its position in Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 2,293 shares of the insurance provider’s stock worth $106,000 after buying an additional 10 shares during the last quarter. Huntington National Bank boosted its position in Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter. Huntington National Bank now owns 6,886 shares of the insurance provider’s stock worth $331,000 after buying an additional 30 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its position in Hartford Financial Services Group, Inc. (The) by 1.2% in the first quarter. Jaffetilchin Investment Partners LLC now owns 8,147 shares of the insurance provider’s stock worth $392,000 after buying an additional 97 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in Hartford Financial Services Group, Inc. (The) by 2.0% in the first quarter. Wetherby Asset Management Inc. now owns 6,605 shares of the insurance provider’s stock worth $318,000 after buying an additional 129 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in Hartford Financial Services Group, Inc. (The) by 2.3% in the second quarter. Stratos Wealth Partners LTD. now owns 6,526 shares of the insurance provider’s stock worth $343,000 after buying an additional 144 shares during the last quarter. 90.85% of the stock is owned by institutional investors.

Shares of Hartford Financial Services Group, Inc. (NYSE HIG) opened at 56.04 on Friday. The stock has a 50 day moving average of $53.87 and a 200-day moving average of $50.13. The firm has a market cap of $20.42 billion, a price-to-earnings ratio of 30.76 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 results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.10. The company 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 period last year, the business posted $0.31 EPS. 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 declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.92 annualized dividend and a yield of 1.64%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is 51.40%.

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A number of research firms have weighed in on HIG. UBS AG reissued a “buy” rating and issued a $58.00 price objective (up from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a research report on Monday, June 26th. Credit Suisse Group set a $51.00 price objective on shares of Hartford Financial Services Group, Inc. (The) and gave the company a “hold” rating in a research report on Sunday, April 30th. Barclays PLC upped their price objective on shares of Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday. BidaskClub raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $58.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a research report on Wednesday, June 28th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $56.30.

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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