AT Bancorp decreased its stake in The Hartford Financial Services Group Inc. (NYSE:HIG) by 40.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,939 shares of the company’s stock after selling 23,019 shares during the period. AT Bancorp’s holdings in The Hartford Financial Services Group were worth $1,454,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Orrstown Financial Services Inc. increased its position in shares of The Hartford Financial Services Group by 3.5% in the third quarter. Orrstown Financial Services Inc. now owns 22,502 shares of the company’s stock valued at $963,000 after buying an additional 752 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of The Hartford Financial Services Group during the third quarter valued at $484,000. Creative Planning increased its position in shares of The Hartford Financial Services Group by 19.6% in the third quarter. Creative Planning now owns 41,813 shares of the company’s stock valued at $1,790,000 after buying an additional 6,839 shares during the period. Fisher Asset Management LLC increased its position in shares of The Hartford Financial Services Group by 0.3% in the third quarter. Fisher Asset Management LLC now owns 10,466 shares of the company’s stock valued at $448,000 after buying an additional 31 shares during the period. Finally, Bremer Trust National Association increased its position in shares of The Hartford Financial Services Group by 329.3% in the third quarter. Bremer Trust National Association now owns 29,345 shares of the company’s stock valued at $1,257,000 after buying an additional 22,509 shares during the period. Hedge funds and other institutional investors own 88.68% of the company’s stock.

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

Shares of The Hartford Financial Services Group Inc. (NYSE:HIG) traded down 0.96% during mid-day trading on Monday, reaching $47.41. 2,269,733 shares of the company were exchanged. The firm’s 50-day moving average is $44.86 and its 200-day moving average is $43.25. The Hartford Financial Services Group Inc. has a 12 month low of $36.54 and a 12 month high of $48.17. The company has a market capitalization of $17.91 billion, a price-to-earnings ratio of 13.67 and a beta of 1.24.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 1st will be paid a $0.23 dividend. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.92 dividend on an annualized basis and a yield of 1.94%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 24.28%.

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Several research analysts have weighed in on the company. Zacks Investment Research upgraded The Hartford Financial Services Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 27th. FBR & Co cut their price target on The Hartford Financial Services Group from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, August 10th. Atlantic Securities downgraded The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and cut their price target for the company from $50.00 to $45.00 in a report on Wednesday, August 10th. Barclays PLC reiterated an “overweight” rating and issued a $47.00 price target (up from $46.00) on shares of The Hartford Financial Services Group in a report on Saturday, October 1st. Finally, Keefe, Bruyette & Woods cut their price target on The Hartford Financial Services Group from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, August 1st. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The Hartford Financial Services Group has a consensus rating of “Hold” and a consensus target price of $47.45.

In related news, SVP Scott R. Lewis sold 5,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $44.16, for a total value of $259,130.88. Following the completion of the transaction, the senior vice president now owns 12,812 shares of the company’s stock, valued at approximately $565,777.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.23% of the stock is currently owned by corporate insiders.

The Hartford Financial Services Group Company Profile

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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