Suntrust Banks Inc. lessened its holdings in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 255,129 shares of the insurance provider’s stock after selling 2,742 shares during the quarter. Suntrust Banks Inc. owned 0.07% of Hartford Financial Services Group, Inc. (The) worth $13,410,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HIG. JPMorgan Chase & Co. raised its stake in 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 buying an additional 2,730,796 shares during the period. FMR LLC raised its stake in Hartford Financial Services Group, Inc. (The) by 22.2% during the 2nd quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock worth $372,144,000 after buying an additional 1,284,664 shares during the period. Vanguard Group Inc. raised its stake in Hartford Financial Services Group, Inc. (The) by 3.3% during the 1st 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. Point72 Asset Management L.P. acquired a new stake in Hartford Financial Services Group, Inc. (The) during the 1st quarter worth $42,367,000. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in 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 buying an additional 872,174 shares during the period. 88.23% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on HIG shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a research note on Wednesday, July 12th. BidaskClub downgraded Hartford Financial Services Group, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $58.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research note on Wednesday, June 28th. Zacks Investment Research raised Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, June 28th. Finally, UBS AG reissued a “buy” rating and issued a $58.00 price target (up previously from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday, June 26th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $57.00.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/09/23/hartford-financial-services-group-inc-the-hig-shares-sold-by-suntrust-banks-inc.html.

Shares of Hartford Financial Services Group, Inc. (HIG) traded up 0.18% during trading on Friday, hitting $54.45. The stock had a trading volume of 1,427,861 shares. The company has a market capitalization of $19.84 billion, a P/E ratio of 29.88 and a beta of 0.92. The firm has a 50-day moving average of $54.81 and a 200 day moving average of $51.29. Hartford Financial Services Group, Inc. has a 1-year low of $42.10 and a 1-year high of $57.16.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The firm had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business earned $0.31 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts predict that Hartford Financial Services Group, Inc. will post $4.20 earnings per share for the current fiscal year.

The firm 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 $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.69%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is presently 51.40%.

Hartford Financial Services Group, Inc. (The) Profile

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

Receive News & Ratings for Hartford Financial Services Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.