AHL Partners LLP reduced its stake in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 47.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,779 shares of the insurance provider’s stock after selling 116,566 shares during the period. AHL Partners LLP’s holdings in Hartford Financial Services Group, Inc. (The) were worth $6,875,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. grew its stake in Hartford Financial Services Group, Inc. (The) by 1.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,111 shares of the insurance provider’s stock worth $216,000 after acquiring an additional 48 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in Hartford Financial Services Group, Inc. (The) by 0.5% in the 2nd quarter. First Allied Advisory Services Inc. now owns 12,501 shares of the insurance provider’s stock worth $659,000 after acquiring an additional 58 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Hartford Financial Services Group, Inc. (The) by 3.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,166 shares of the insurance provider’s stock worth $219,000 after acquiring an additional 127 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Hartford Financial Services Group, Inc. (The) by 2.3% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 6,526 shares of the insurance provider’s stock worth $343,000 after acquiring an additional 144 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Hartford Financial Services Group, Inc. (The) by 0.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 58,257 shares of the insurance provider’s stock worth $3,065,000 after acquiring an additional 149 shares in the last quarter. Institutional investors and hedge funds own 88.23% of the company’s stock.

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Hartford Financial Services Group, Inc. (HIG) opened at 55.66 on Thursday. Hartford Financial Services Group, Inc. has a 1-year low of $42.30 and a 1-year high of $57.16. The stock’s 50 day moving average is $54.50 and its 200-day moving average is $51.74. The company has a market capitalization of $20.28 billion, a P/E ratio of 30.55 and a beta of 0.91.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.10. The firm had revenue of $4.77 billion during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. On average, analysts expect that Hartford Financial Services Group, Inc. will post $3.75 earnings per share for the current fiscal year.

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

A number of brokerages have commented on HIG. UBS AG restated a “buy” rating and issued a $58.00 target price (up from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday, June 26th. BidaskClub upgraded shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Buckingham Research began coverage on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday, September 11th. They issued a “buy” rating and a $63.00 target price on the stock. Zacks Investment Research downgraded shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $58.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research note on Sunday, July 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Hartford Financial Services Group, Inc. (The) currently has an average rating of “Buy” and an average price target of $57.00.

Hartford Financial Services Group, Inc. (The) Profile

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

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