Principal Financial Group Inc. reduced its holdings in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 588,412 shares of the insurance provider’s stock after selling 11,452 shares during the period. Principal Financial Group Inc. owned 0.16% of Hartford Financial Services Group, Inc. (The) worth $30,933,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in Hartford Financial Services Group, Inc. (The) by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 36,359,323 shares of the insurance provider’s stock worth $1,747,791,000 after acquiring an additional 1,177,520 shares during the period. Bank of New York Mellon Corp grew its holdings in Hartford Financial Services Group, Inc. (The) by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,528,791 shares of the insurance provider’s stock worth $395,789,000 after acquiring an additional 53,677 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in Hartford Financial Services Group, Inc. (The) by 0.3% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 6,161,222 shares of the insurance provider’s stock worth $323,895,000 after acquiring an additional 21,037 shares during the period. Dimensional Fund Advisors LP grew its holdings in Hartford Financial Services Group, Inc. (The) by 15.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,624,432 shares of the insurance provider’s stock worth $270,352,000 after acquiring an additional 751,114 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Hartford Financial Services Group, Inc. (The) by 7.2% during the 1st quarter. Geode Capital Management LLC now owns 3,666,465 shares of the insurance provider’s stock worth $175,998,000 after acquiring an additional 244,683 shares during the period. Hedge funds and other institutional investors own 88.25% of the company’s stock.

A number of analysts have weighed in on HIG shares. ValuEngine upgraded Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Deutsche Bank AG started coverage on Hartford Financial Services Group, Inc. (The) in a report on Tuesday, June 6th. They set a “buy” rating and a $60.00 price target for the company. Credit Suisse Group set a $51.00 price target on Hartford Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a report on Tuesday, June 6th. BidaskClub upgraded Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Finally, UBS AG reiterated a “buy” rating and set a $58.00 price target (up from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, June 26th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Hartford Financial Services Group, Inc. (The) currently has an average rating of “Buy” and a consensus target price of $56.50.

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Shares of Hartford Financial Services Group, Inc. (NYSE HIG) opened at 53.17 on Friday. Hartford Financial Services Group, Inc. has a 52 week low of $40.40 and a 52 week high of $57.16. The firm has a market capitalization of $19.37 billion, a P/E ratio of 29.18 and a beta of 0.92. The stock has a 50 day moving average price of $54.83 and a 200 day moving average price of $51.01.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The company had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. Hartford Financial Services Group, Inc. (The)’s revenue was up 2.0% on a year-over-year basis. Analysts forecast that Hartford Financial Services Group, Inc. will post $4.25 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s payout ratio is currently 51.40%.

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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