Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,293 shares of the insurance provider’s stock after selling 442 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hartford Financial Services Group, Inc. (The) were worth $1,435,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Aperio Group LLC raised its stake in Hartford Financial Services Group, Inc. (The) by 10.0% in the second quarter. Aperio Group LLC now owns 237,939 shares of the insurance provider’s stock valued at $12,508,000 after buying an additional 21,637 shares in the last quarter. Stifel Financial Corp raised its stake in Hartford Financial Services Group, Inc. (The) by 4.0% in the first quarter. Stifel Financial Corp now owns 58,777 shares of the insurance provider’s stock valued at $2,825,000 after buying an additional 2,252 shares in the last quarter. World Asset Management Inc raised its stake in Hartford Financial Services Group, Inc. (The) by 8.8% in the first quarter. World Asset Management Inc now owns 40,045 shares of the insurance provider’s stock valued at $1,925,000 after buying an additional 3,241 shares in the last quarter. HM Capital Management LLC acquired a new stake in Hartford Financial Services Group, Inc. (The) in the second quarter valued at $205,000. Finally, Scout Investments Inc. acquired a new stake in Hartford Financial Services Group, Inc. (The) in the first quarter valued at $19,960,000. Institutional investors own 88.25% of the company’s stock.

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A number of research firms have weighed in on HIG. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, July 4th. ValuEngine upgraded Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Deutsche Bank AG began coverage on Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, June 6th. They issued a “buy” rating and a $60.00 price target on the stock. BidaskClub upgraded Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Finally, Barclays PLC raised their price target on Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.50.

Hartford Financial Services Group, Inc. (NYSE:HIG) opened at 53.17 on Friday. The firm’s 50 day moving average price is $54.83 and its 200 day moving average price is $51.01. Hartford Financial Services Group, Inc. has a one year low of $40.40 and a one year high of $57.16. The stock has a market cap of $19.37 billion, a price-to-earnings ratio of 29.18 and a beta of 0.92.

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

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

About Hartford Financial Services Group, Inc. (The)

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

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