Zurich Insurance Group Ltd FI decreased its position in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 21.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,279 shares of the insurance provider’s stock after selling 12,973 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Hartford Financial Services Group, Inc. (The) were worth $2,485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HIG. Stifel Financial Corp increased its stake in shares of Hartford Financial Services Group, Inc. (The) by 4.0% during the first quarter. Stifel Financial Corp now owns 58,777 shares of the insurance provider’s stock worth $2,825,000 after purchasing an additional 2,252 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Hartford Financial Services Group, Inc. (The) by 4.2% during the first quarter. Neuberger Berman Group LLC now owns 50,621 shares of the insurance provider’s stock worth $2,433,000 after purchasing an additional 2,061 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Hartford Financial Services Group, Inc. (The) during the first quarter worth about $240,000. Westpac Banking Corp increased its stake in shares of Hartford Financial Services Group, Inc. (The) by 10.8% during the first quarter. Westpac Banking Corp now owns 26,980 shares of the insurance provider’s stock worth $1,259,000 after purchasing an additional 2,639 shares in the last quarter. Finally, Cadence Capital Management LLC increased its stake in shares of Hartford Financial Services Group, Inc. (The) by 21.8% during the first quarter. Cadence Capital Management LLC now owns 13,101 shares of the insurance provider’s stock worth $630,000 after purchasing an additional 2,345 shares in the last quarter. 88.23% of the stock is owned by institutional investors.

A number of analysts have recently commented on HIG shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $60.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research note on Thursday, August 31st. Buckingham Research started 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 target price for the company. Zacks Investment Research raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Friday, September 22nd. Royal Bank Of Canada reissued a “buy” rating and set a $54.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research note on Wednesday, July 12th. Finally, Barclays PLC boosted their target price on shares of Hartford Financial Services Group, Inc. (The) from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. 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. The stock currently has an average rating of “Buy” and a consensus target price of $57.00.

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Hartford Financial Services Group, Inc. (NYSE HIG) opened at 55.49 on Friday. The firm has a market capitalization of $20.22 billion, a price-to-earnings ratio of 30.46 and a beta of 0.91. The firm has a 50-day moving average of $54.47 and a 200 day moving average of $51.76. Hartford Financial Services Group, Inc. has a 12-month low of $42.30 and a 12-month high of $57.16.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts predict that Hartford Financial Services Group, Inc. will post $3.75 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 1st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 1.66%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is currently 51.40%.

Hartford Financial Services Group, Inc. (The) Company Profile

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

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