Comerica Bank cut its position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,753 shares of the insurance provider’s stock after selling 3,675 shares during the period. Comerica Bank’s holdings in Hartford Financial Services Group, Inc. (The) were worth $5,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. North Star Investment Management Corp. raised its position in Hartford Financial Services Group, Inc. (The) by 41.4% in the first quarter. North Star Investment Management Corp. now owns 3,535 shares of the insurance provider’s stock worth $170,000 after buying an additional 1,035 shares during the period. Oregon Public Employees Retirement Fund raised its position in Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 72,908 shares of the insurance provider’s stock worth $3,505,000 after buying an additional 300 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in Hartford Financial Services Group, Inc. (The) by 12.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 32,319 shares of the insurance provider’s stock worth $1,553,000 after buying an additional 3,676 shares during the period. Wetherby Asset Management Inc. raised its position in Hartford Financial Services Group, Inc. (The) by 2.0% in the first quarter. Wetherby Asset Management Inc. now owns 6,605 shares of the insurance provider’s stock worth $318,000 after buying an additional 129 shares during the period. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in Hartford Financial Services Group, Inc. (The) during the first quarter worth $456,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) opened at 55.15 on Thursday. The company’s 50-day moving average is $54.60 and its 200-day moving average is $50.57. Hartford Financial Services Group, Inc. has a 12-month low of $39.68 and a 12-month high of $57.16. The stock has a market cap of $20.09 billion, a P/E ratio of 30.27 and a beta of 0.93.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its earnings results on Thursday, July 27th. The insurance provider reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. The firm had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Hartford Financial Services Group, Inc. will post $4.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 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 1.67%. The ex-dividend date is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is 51.40%.

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A number of research firms recently weighed in on HIG. BidaskClub raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Barclays PLC raised their price target on shares of Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Deutsche Bank AG reissued a “buy” rating and set a $61.00 price target (up from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $58.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research report on Sunday, July 30th. Finally, Zacks Investment Research raised shares of Hartford Financial Services Group, Inc. (The) from a “sell” rating to a “hold” rating and set a $62.00 price target on the stock in a research report on Monday, July 31st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $56.30.

About Hartford Financial Services Group, Inc. (The)

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

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