Thrivent Financial For Lutherans raised its stake in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 2,349.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 373,920 shares of the insurance provider’s stock after buying an additional 358,656 shares during the quarter. Thrivent Financial For Lutherans owned about 0.10% of Hartford Financial Services Group, Inc. (The) worth $19,657,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its stake in Hartford Financial Services Group, Inc. (The) by 14.4% during the first quarter. UBS Asset Management Americas Inc. now owns 1,632,946 shares of the insurance provider’s stock worth $78,496,000 after purchasing an additional 205,558 shares during the period. NEXT Financial Group Inc increased its stake in Hartford Financial Services Group, Inc. (The) by 42.4% during the first quarter. NEXT Financial Group Inc now owns 3,575 shares of the insurance provider’s stock worth $173,000 after purchasing an additional 1,065 shares during the period. Pioneer Investment Management Inc. increased its stake in Hartford Financial Services Group, Inc. (The) by 29.1% during the first quarter. Pioneer Investment Management Inc. now owns 2,503,525 shares of the insurance provider’s stock worth $120,344,000 after purchasing an additional 563,578 shares during the period. Jaffetilchin Investment Partners LLC increased its stake in Hartford Financial Services Group, Inc. (The) by 1.2% during the first quarter. Jaffetilchin Investment Partners LLC now owns 8,147 shares of the insurance provider’s stock worth $392,000 after purchasing an additional 97 shares during the period. Finally, State of Tennessee Treasury Department increased its stake in Hartford Financial Services Group, Inc. (The) by 24.6% during the first quarter. State of Tennessee Treasury Department now owns 147,180 shares of the insurance provider’s stock worth $7,075,000 after purchasing an additional 29,101 shares during the period. 88.23% of the stock is currently owned by institutional investors.

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A number of analysts have issued reports on the stock. Zacks Investment Research lowered shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday. Buckingham Research assumed coverage on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday, September 11th. They set a “buy” rating and a $63.00 price target on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $60.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research note on Thursday, August 31st. BidaskClub lowered shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Barclays PLC boosted their price target on shares of Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Hartford Financial Services Group, Inc. (The) presently has a consensus rating of “Buy” and an average price target of $56.91.

Hartford Financial Services Group, Inc. (HIG) traded up 1.347% during mid-day trading on Tuesday, hitting $54.555. 233,410 shares of the company were exchanged. The stock has a market cap of $19.87 billion, a price-to-earnings ratio of 29.942 and a beta of 0.92. Hartford Financial Services Group, Inc. has a 12 month low of $41.92 and a 12 month high of $57.16. The firm has a 50 day moving average price of $54.83 and a 200 day moving average price of $51.25.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 9.13% and a net margin of 3.73%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. Analysts anticipate that Hartford Financial Services Group, Inc. will post $4.23 EPS for the current fiscal year.

The business 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. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 1.71%. Hartford Financial Services Group, Inc. (The)’s payout ratio is currently 51.40%.

Hartford Financial Services Group, Inc. (The) Profile

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

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