Foundry Partners LLC raised its stake in Hartford Financial Services Group Inc (NYSE:HIG) by 18.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 231,671 shares of the insurance provider’s stock after purchasing an additional 36,167 shares during the quarter. Foundry Partners LLC owned 0.06% of Hartford Financial Services Group worth $11,574,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Scout Investments Inc. purchased a new stake in shares of Hartford Financial Services Group in the second quarter valued at approximately $21,568,000. Unigestion Holding SA purchased a new stake in shares of Hartford Financial Services Group in the second quarter valued at approximately $20,503,000. Deprince Race & Zollo Inc. purchased a new stake in shares of Hartford Financial Services Group in the second quarter valued at approximately $18,741,000. Dimensional Fund Advisors LP boosted its stake in shares of Hartford Financial Services Group by 8.4% in 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 buying an additional 327,834 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Hartford Financial Services Group by 85.2% in 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 buying an additional 302,671 shares in the last quarter. Institutional investors own 89.47% of the company’s stock.

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

A number of research firms recently weighed in on HIG. B. Riley lifted their price target on Hartford Financial Services Group from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Credit Suisse Group started coverage on Hartford Financial Services Group in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $57.00 price target on the stock. Zacks Investment Research downgraded Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. ValuEngine downgraded Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Finally, TheStreet upgraded Hartford Financial Services Group from a “c” rating to a “b” rating in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $58.20.

HIG opened at $46.76 on Thursday. 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 cap of $17.91 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.11 and a beta of 0.93. Hartford Financial Services Group Inc has a one year low of $45.96 and a one year high of $59.20.

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

About Hartford Financial Services Group

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

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