Hartford Financial Services Group Inc (NYSE:HIG)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $49.39 and last traded at $49.30, with a volume of 106182 shares. The stock had previously closed at $49.93.

HIG has been the topic of a number of research reports. TheStreet raised shares of Hartford Financial Services Group from a “c” rating to a “b” rating in a report on Thursday, July 26th. Zacks Investment Research raised shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Monday, August 27th. Evercore ISI initiated coverage on shares of Hartford Financial Services Group in a report on Thursday, June 7th. They issued an “inline” rating and a $57.00 price objective on the stock. B. Riley raised their price objective on shares of Hartford Financial Services Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Finally, Credit Suisse Group initiated coverage on shares of Hartford Financial Services Group in a report on Tuesday, August 7th. They issued a “neutral” rating and a $57.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.73.

The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $17.88 billion, a PE ratio of 18.10, a P/E/G ratio of 1.10 and a beta of 0.94.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, July 26th. The insurance provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.11. Hartford Financial Services Group had a negative net margin of 12.24% and a positive return on equity of 9.84%. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. analysts anticipate that Hartford Financial Services Group Inc will post 4.76 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Tuesday, September 4th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a $1.20 annualized dividend and a yield of 2.42%. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.25. Hartford Financial Services Group’s payout ratio is currently 43.80%.

In other Hartford Financial Services Group news, CFO Beth Ann Bombara sold 23,906 shares of Hartford Financial Services Group stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $52.63, for a total transaction of $1,258,172.78. Following the transaction, the chief financial officer now owns 52,291 shares of the company’s stock, valued at $2,752,075.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David C. Robinson sold 2,395 shares of Hartford Financial Services Group stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $52.88, for a total transaction of $126,647.60. Following the transaction, the executive vice president now directly owns 21,398 shares in the company, valued at approximately $1,131,526.24. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of HIG. Scout Investments Inc. purchased a new position in Hartford Financial Services Group during the second quarter valued at approximately $21,568,000. Unigestion Holding SA purchased a new position in Hartford Financial Services Group during the second quarter valued at approximately $20,503,000. Deprince Race & Zollo Inc. purchased a new position in Hartford Financial Services Group during the second quarter valued at approximately $18,741,000. Dimensional Fund Advisors LP lifted its holdings in Hartford Financial Services Group by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,208,452 shares of the insurance provider’s stock valued at $215,175,000 after purchasing an additional 327,834 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Hartford Financial Services Group by 85.2% during the second quarter. Point72 Asset Management L.P. now owns 657,971 shares of the insurance provider’s stock valued at $33,642,000 after purchasing an additional 302,671 shares in the last quarter. 89.49% of the stock is currently owned by institutional investors and hedge funds.

About Hartford Financial Services Group (NYSE:HIG)

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

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