D.A. Davidson & CO. grew its stake in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 49.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,332 shares of the insurance provider’s stock after buying an additional 1,754 shares during the quarter. D.A. Davidson & CO.’s holdings in Hartford Financial Services Group, Inc. (The) were worth $280,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HIG. Westside Investment Management Inc. increased its holdings in shares of Hartford Financial Services Group, Inc. (The) by 85.8% in the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock worth $103,000 after buying an additional 1,000 shares during the period. Dupont Capital Management Corp bought a new stake in shares of Hartford Financial Services Group, Inc. (The) in the 2nd quarter valued at about $119,000. Hartford Financial Management Inc. lifted its stake in shares of Hartford Financial Services Group, Inc. (The) by 5.7% in the 2nd quarter. Hartford Financial Management Inc. now owns 2,803 shares of the insurance provider’s stock valued at $147,000 after acquiring an additional 150 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Hartford Financial Services Group, Inc. (The) in the 2nd quarter valued at about $148,000. Finally, Ledyard National Bank boosted its holdings in Hartford Financial Services Group, Inc. (The) by 168.9% during the 2nd quarter. Ledyard National Bank now owns 3,343 shares of the insurance provider’s stock valued at $176,000 after acquiring an additional 2,100 shares during the period. 88.23% of the stock is currently owned by hedge funds and other institutional investors.

HIG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, July 4th. Deutsche Bank AG initiated coverage on Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, June 6th. They issued a “buy” rating and a $60.00 price objective for the company. BidaskClub raised Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Barclays PLC increased their price objective 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. Finally, Zacks Investment Research cut shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $57.00.

Shares of Hartford Financial Services Group, Inc. (HIG) opened at 55.60 on Tuesday. The stock’s 50 day moving average is $54.56 and its 200-day moving average is $51.66. Hartford Financial Services Group, Inc. has a 52 week low of $42.30 and a 52 week high of $57.16. The company has a market cap of $20.26 billion, a price-to-earnings ratio of 30.52 and a beta of 0.91.

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 (EPS) for the quarter, beating 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 firm had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that Hartford Financial Services Group, Inc. will post $4.20 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 1st were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 1.65%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is currently 51.40%.

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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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