First Trust Advisors LP decreased its position in The Hartford Financial Services Group Inc. (NYSE:HIG) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 329,446 shares of the company’s stock after selling 19,115 shares during the period. First Trust Advisors LP owned about 0.09% of The Hartford Financial Services Group worth $14,107,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Johnson Financial Group Inc. raised its position in shares of The Hartford Financial Services Group by 259.6% in the second quarter. Johnson Financial Group Inc. now owns 2,528 shares of the company’s stock worth $112,000 after buying an additional 1,825 shares during the period. Euclid Advisors LLC acquired a new position in shares of The Hartford Financial Services Group during the second quarter worth about $120,000. Global X Management Co. LLC raised its position in shares of The Hartford Financial Services Group by 126.1% in the second quarter. Global X Management Co. LLC now owns 2,761 shares of the company’s stock worth $123,000 after buying an additional 1,540 shares during the period. MUFG Americas Holdings Corp raised its position in shares of The Hartford Financial Services Group by 14.4% in the second quarter. MUFG Americas Holdings Corp now owns 2,869 shares of the company’s stock worth $127,000 after buying an additional 362 shares during the period. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of The Hartford Financial Services Group during the second quarter worth about $134,000. 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 0.28% on Tuesday, reaching $47.05. The company had a trading volume of 702,751 shares. The stock has a market capitalization of $17.77 billion, a price-to-earnings ratio of 13.57 and a beta of 1.24. The firm has a 50 day moving average price of $44.86 and a 200-day moving average price of $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 Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. The Hartford Financial Services Group had a return on equity of 7.49% and a net margin of 7.65%. The company earned $4.70 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. 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. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Tuesday, November 29th. This is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.21. The Hartford Financial Services Group’s payout ratio is currently 24.28%.

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Several analysts have recently weighed in on HIG shares. Bank of America Corp. lowered The Hartford Financial Services Group from a “buy” rating to a “neutral” rating in a report on Wednesday, November 16th. Keefe, Bruyette & Woods cut their price objective 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. Credit Suisse Group AG set a $51.00 price objective on The Hartford Financial Services Group and gave the company a “buy” rating in a report on Tuesday, August 23rd. Barclays PLC restated an “overweight” rating and issued a $47.00 price objective (up previously from $46.00) on shares of The Hartford Financial Services Group in a report on Saturday, October 1st. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $47.45.

In other news, SVP Scott R. Lewis sold 5,868 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was 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 in the company, valued at $565,777.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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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