Oregon Public Employees Retirement Fund decreased its position in The Hartford Financial Services Group Inc. (NYSE:HIG) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,623 shares of the company’s stock after selling 4,275 shares during the period. Oregon Public Employees Retirement Fund’s holdings in The Hartford Financial Services Group were worth $3,452,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its position in The Hartford Financial Services Group by 15.8% in the second quarter. Nisa Investment Advisors LLC now owns 155,398 shares of the company’s stock valued at $6,897,000 after buying an additional 21,241 shares during the last quarter. Hexavest Inc. purchased a new position in The Hartford Financial Services Group during the second quarter valued at about $27,438,000. Marathon Asset Management LLP raised its position in The Hartford Financial Services Group by 2.0% in the second quarter. Marathon Asset Management LLP now owns 554,560 shares of the company’s stock valued at $24,714,000 after buying an additional 10,736 shares during the last quarter. Capital Analysts LLC raised its position in The Hartford Financial Services Group by 5,385.6% in the second quarter. Capital Analysts LLC now owns 54,746 shares of the company’s stock valued at $6,396,000 after buying an additional 53,748 shares during the last quarter. Finally, Foundry Partners LLC raised its position in The Hartford Financial Services Group by 4.1% in the second quarter. Foundry Partners LLC now owns 229,984 shares of the company’s stock valued at $10,207,000 after buying an additional 9,065 shares during the last quarter. Institutional investors own 88.68% of the company’s stock.

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

The Hartford Financial Services Group Inc. (NYSE:HIG) traded down 0.96% on Monday, reaching $47.41. 2,269,733 shares of the company traded hands. The Hartford Financial Services Group Inc. has a one year low of $36.54 and a one year high of $48.17. The stock’s 50 day moving average price is $44.75 and its 200 day moving average price is $43.25. The company has a market capitalization of $17.91 billion, a PE ratio of 13.67 and a beta of 1.24.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The business earned $4.70 billion during the quarter, compared to analysts’ expectations of $4.68 billion. The Hartford Financial Services Group had a net margin of 7.65% and a return on equity of 7.49%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 EPS. On average, equities research analysts predict that The Hartford Financial Services Group Inc. will post $3.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 1st will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.92 annualized dividend and a yield of 1.94%. This is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.21. The Hartford Financial Services Group’s dividend payout ratio is presently 24.28%.

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HIG has been the topic of several recent analyst reports. Credit Suisse Group AG set a $51.00 target price on shares of The Hartford Financial Services Group and gave the company a “buy” rating in a report on Monday, September 12th. Mizuho lifted their price target on shares of The Hartford Financial Services Group from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Zacks Investment Research raised shares of The Hartford Financial Services Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 27th. FBR & Co downgraded shares of The Hartford Financial Services Group from an “outperform” rating to a “market perform” rating and set a $47.00 price target for the company. in a research note on Monday. Finally, Bank of America Corp. downgraded shares of The Hartford Financial Services Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 16th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $47.45.

In other The Hartford Financial Services Group news, SVP Scott R. Lewis sold 5,868 shares of the stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $44.16, for a total transaction of $259,130.88. Following the completion of the sale, the senior vice president now owns 12,812 shares of the company’s stock, valued at approximately $565,777.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.23% of the company’s stock.

About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc is a holding company. The Company operates through six segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

5 Day Chart for NYSE:HIG

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