Horizon Investments LLC grew its stake in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 0.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,722 shares of the insurance provider’s stock after buying an additional 7 shares during the period. Horizon Investments LLC’s holdings in Hartford Financial Services Group, Inc. (The) were worth $526,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Aperio Group LLC lifted its position in shares of Hartford Financial Services Group, Inc. (The) by 10.0% in the second quarter. Aperio Group LLC now owns 237,939 shares of the insurance provider’s stock worth $12,508,000 after buying an additional 21,637 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Hartford Financial Services Group, Inc. (The) by 4.0% in the first quarter. Stifel Financial Corp now owns 58,777 shares of the insurance provider’s stock worth $2,825,000 after buying an additional 2,252 shares during the last quarter. Andra AP fonden lifted its position in shares of Hartford Financial Services Group, Inc. (The) by 1.6% in the second quarter. Andra AP fonden now owns 113,300 shares of the insurance provider’s stock worth $5,956,000 after buying an additional 1,800 shares during the last quarter. HM Capital Management LLC acquired a new stake in shares of Hartford Financial Services Group, Inc. (The) in the second quarter worth about $205,000. Finally, Bellwether Investment Group LLC acquired a new stake in shares of Hartford Financial Services Group, Inc. (The) in the second quarter worth about $332,000. 88.23% of the stock is owned by institutional investors.

A number of brokerages have weighed in on HIG. 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, Inc. (The) in a research report on Monday, June 26th. BidaskClub raised Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Buckingham Research began coverage on Hartford Financial Services Group, Inc. (The) in a research report on Monday, September 11th. They issued a “buy” rating and a $63.00 price target for the company. Zacks Investment Research raised Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Friday. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $58.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research report on Sunday, July 30th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $57.00.

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Hartford Financial Services Group, Inc. (NYSE HIG) traded up 0.18% during trading on Friday, hitting $54.45. The stock had a trading volume of 1,427,861 shares. Hartford Financial Services Group, Inc. has a 12-month low of $42.10 and a 12-month high of $57.16. The stock has a 50 day moving average price of $54.81 and a 200 day moving average price of $51.29. The company has a market capitalization of $19.84 billion, a price-to-earnings ratio of 29.88 and a beta of 0.92.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its 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. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The business had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the business posted $0.31 EPS. Hartford Financial Services Group, Inc. (The)’s revenue was up 2.0% on a year-over-year basis. Equities research analysts forecast that Hartford Financial Services Group, Inc. will post $4.20 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be paid a $0.23 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.92 annualized dividend and a yield of 1.69%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is currently 51.40%.

Hartford Financial Services Group, Inc. (The) Profile

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

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