Mraz Amerine & Associates Inc. trimmed its holdings in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 16.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,727 shares of the insurance provider’s stock after selling 1,500 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Hartford Financial Services Group were worth $384,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HIG. Legal & General Group Plc lifted its stake in Hartford Financial Services Group by 6.8% in the third quarter. Legal & General Group Plc now owns 2,016,590 shares of the insurance provider’s stock valued at $100,706,000 after buying an additional 128,336 shares during the period. Vanguard Group Inc lifted its stake in Hartford Financial Services Group by 1.2% in the third quarter. Vanguard Group Inc now owns 37,098,691 shares of the insurance provider’s stock valued at $1,853,451,000 after buying an additional 455,263 shares during the period. FNY Investment Advisers LLC lifted its stake in Hartford Financial Services Group by 106.7% in the fourth quarter. FNY Investment Advisers LLC now owns 2,139 shares of the insurance provider’s stock valued at $95,000 after buying an additional 1,104 shares during the period. Suffolk Capital Management LLC lifted its stake in Hartford Financial Services Group by 3.4% in the fourth quarter. Suffolk Capital Management LLC now owns 139,907 shares of the insurance provider’s stock valued at $6,219,000 after buying an additional 4,636 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Hartford Financial Services Group in the fourth quarter valued at about $871,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

In related news, Director Trevor Fetter purchased 10,000 shares of Hartford Financial Services Group stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average cost of $52.19 per share, with a total value of $521,900.00. Following the completion of the transaction, the director now owns 50,945 shares of the company’s stock, valued at approximately $2,658,819.55. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Martha Gervasi sold 5,039 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $52.87, for a total value of $266,411.93. Following the transaction, the insider now directly owns 15,210 shares of the company’s stock, valued at $804,152.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,039 shares of company stock valued at $778,412. 1.70% of the stock is owned by corporate insiders.

Shares of Hartford Financial Services Group stock opened at $54.21 on Thursday. Hartford Financial Services Group Inc has a 1 year low of $40.54 and a 1 year high of $54.28. The stock has a market capitalization of $19.39 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 1.10 and a beta of 0.73. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27.

Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.15. The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.84 billion. Hartford Financial Services Group had a return on equity of 12.46% and a net margin of 9.58%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.27 earnings per share. On average, research analysts predict that Hartford Financial Services Group Inc will post 5.12 EPS for the current fiscal year.

Hartford Financial Services Group declared that its Board of Directors has approved a stock repurchase plan on Monday, February 4th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the insurance provider to purchase up to 5.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, May 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.21%. Hartford Financial Services Group’s payout ratio is presently 27.71%.

Several brokerages have issued reports on HIG. ValuEngine upgraded Hartford Financial Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. TheStreet upgraded Hartford Financial Services Group from a “c+” rating to a “b-” rating in a report on Thursday, March 14th. Zacks Investment Research upgraded Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Friday, May 17th. Barclays increased their price target on Hartford Financial Services Group from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, Wells Fargo & Co restated a “hold” rating and issued a $56.00 price target on shares of Hartford Financial Services Group in a report on Thursday, May 2nd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $57.67.

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Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.

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

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