Achmea Investment Management B.V. acquired a new stake in Hartford Financial Services Group Inc (NYSE:HIG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,041 shares of the insurance provider’s stock, valued at approximately $555,000.

Other institutional investors have also recently made changes to their positions in the company. Dupont Capital Management Corp acquired a new stake in Hartford Financial Services Group in the second quarter valued at approximately $119,000. Sun Life Financial INC grew its stake in Hartford Financial Services Group by 26,810.0% in the second quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after acquiring an additional 2,681 shares during the period. Howard Hughes Medical Institute acquired a new stake in Hartford Financial Services Group in the second quarter valued at approximately $148,000. Wesbanco Bank Inc. acquired a new stake in Hartford Financial Services Group in the third quarter valued at approximately $206,000. Finally, Tdam USA Inc. acquired a new stake in Hartford Financial Services Group in the third quarter valued at approximately $208,000. 88.61% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the company. Buckingham Research assumed coverage on Hartford Financial Services Group in a research report on Monday, September 11th. They set a “buy” rating and a $63.00 target price on the stock. BidaskClub raised Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Zacks Investment Research cut Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Barclays lifted their target price on Hartford Financial Services Group from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Finally, UBS lifted their target price on Hartford Financial Services Group from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Hartford Financial Services Group has an average rating of “Buy” and a consensus price target of $57.42.

Hartford Financial Services Group Inc (NYSE HIG) opened at $57.43 on Friday. The stock has a market capitalization of $20,489.92, a P/E ratio of 15.44, a P/E/G ratio of 1.67 and a beta of 0.98. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. Hartford Financial Services Group Inc has a 1 year low of $46.35 and a 1 year high of $58.16.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.68 billion. Hartford Financial Services Group had a return on equity of 8.21% and a net margin of 2.63%. Hartford Financial Services Group’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company posted $1.06 earnings per share. research analysts forecast that Hartford Financial Services Group Inc will post 3.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be issued a dividend of $0.25 per share. This is a positive change from Hartford Financial Services Group’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Thursday, November 30th. Hartford Financial Services Group’s dividend payout ratio (DPR) is 76.34%.

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About Hartford Financial Services Group

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

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