Huntington National Bank decreased its position in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,405 shares of the insurance provider’s stock after selling 893 shares during the period. Huntington National Bank’s holdings in Hartford Financial Services Group were worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HIG. Renaissance Technologies LLC purchased a new stake in Hartford Financial Services Group during the 2nd quarter worth $12,307,000. The Manufacturers Life Insurance Company grew its holdings in Hartford Financial Services Group by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 757,759 shares of the insurance provider’s stock worth $39,836,000 after acquiring an additional 8,333 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Hartford Financial Services Group by 16.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,014 shares of the insurance provider’s stock worth $1,578,000 after acquiring an additional 4,307 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Hartford Financial Services Group during the 2nd quarter worth $1,462,000. Finally, Scotia Capital Inc. grew its holdings in Hartford Financial Services Group by 0.3% during the 2nd quarter. Scotia Capital Inc. now owns 33,319 shares of the insurance provider’s stock worth $1,751,000 after acquiring an additional 102 shares in the last quarter. 88.28% of the stock is currently owned by hedge funds and other institutional investors.

Hartford Financial Services Group Inc (HIG) opened at $53.98 on Friday. Hartford Financial Services Group Inc has a fifty-two week low of $46.35 and a fifty-two week high of $59.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $19,027.38, a PE ratio of 15.46, a PEG ratio of 1.29 and a beta of 0.93.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. Hartford Financial Services Group had a negative net margin of 16.79% and a positive return on equity of 7.46%. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the business posted $1.08 EPS. The company’s quarterly revenue was up 14.1% on a year-over-year basis. analysts anticipate that Hartford Financial Services Group Inc will post 4.36 earnings per share for the current fiscal year.

Several research analysts have weighed in on the stock. Wells Fargo & Co set a $56.00 price objective on shares of Hartford Financial Services Group and gave the stock a “hold” rating in a report on Friday. UBS Group raised their price objective on shares of Hartford Financial Services Group from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research raised shares of Hartford Financial Services Group from a “sell” rating to a “hold” rating in a report on Wednesday. Credit Suisse Group raised shares of Hartford Financial Services Group from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a report on Tuesday, December 19th. Finally, B. Riley reissued a “neutral” rating on shares of Hartford Financial Services Group in a report on Monday, November 6th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Hartford Financial Services Group presently has a consensus rating of “Buy” and a consensus price target of $59.00.

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Hartford Financial Services Group Profile

The Hartford Financial Services Group, Inc is a holding company for insurance and financial services subsidiaries. The Company’s segments include Commercial Lines, which provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the United States; Personal Lines, which provides automobile, homeowners and personal umbrella coverages to individuals across the United States; Group Benefits, which provides group life, accident and disability coverage, and other products and services; Property & Casualty Other Operations, which includes certain property and casualty operations; Mutual Funds, which provides investment management, administration, product distribution and related services to investors; Talcott Resolution, which consists of the run-off of the Company’s the United States individual and institutional annuity, and Private Placement Life Insurance (PPLI) businesses, and Corporate.

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

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