CIBC World Markets Inc. lifted its stake in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 111.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,723 shares of the insurance provider’s stock after acquiring an additional 18,858 shares during the period. CIBC World Markets Inc.’s holdings in Hartford Financial Services Group, Inc. (The) were worth $1,878,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Tredje AP fonden lifted its holdings in shares of Hartford Financial Services Group, Inc. (The) by 60.3% during the 2nd quarter. Tredje AP fonden now owns 67,460 shares of the insurance provider’s stock worth $3,565,000 after acquiring an additional 25,378 shares during the period. IFM Investors Pty Ltd purchased a new position in shares of Hartford Financial Services Group, Inc. (The) during the 2nd quarter worth about $558,000. LSV Asset Management lifted its holdings in shares of Hartford Financial Services Group, Inc. (The) by 1.1% during the 2nd quarter. LSV Asset Management now owns 5,879,555 shares of the insurance provider’s stock worth $309,088,000 after acquiring an additional 64,299 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Hartford Financial Services Group, Inc. (The) by 1,154.0% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 947,754 shares of the insurance provider’s stock worth $42,061,000 after acquiring an additional 872,174 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Hartford Financial Services Group, Inc. (The) by 10.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock worth $1,580,827,000 after acquiring an additional 2,730,796 shares during the period. Institutional investors and hedge funds own 88.25% of the company’s stock.

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Several brokerages have recently weighed in on HIG. UBS AG reiterated a “buy” rating and set a $58.00 price objective (up from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, June 26th. BidaskClub upgraded shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Buckingham Research began coverage on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday. They set a “buy” rating and a $63.00 price objective on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $58.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a report on Sunday, July 30th. Finally, Barclays PLC increased their price objective on shares of Hartford Financial Services Group, Inc. (The) from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, July 3rd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $57.09.

Hartford Financial Services Group, Inc. (NYSE:HIG) opened at 53.84 on Wednesday. The stock has a market cap of $19.61 billion, a price-to-earnings ratio of 29.55 and a beta of 0.92. The company has a 50-day moving average of $54.84 and a 200 day moving average of $51.08. Hartford Financial Services Group, Inc. has a 12-month low of $41.40 and a 12-month high of $57.16.

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, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.10. The business had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. Equities analysts anticipate that Hartford Financial Services Group, Inc. will post $4.23 earnings per share for the current 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 of this dividend is Wednesday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 1.71%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is 51.40%.

Hartford Financial Services Group, Inc. (The) Company Profile

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

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