Madison Investment Holdings Inc. trimmed its stake in Hartford Financial Services Group Inc (NYSE:HIG) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 221,869 shares of the insurance provider’s stock after selling 1,446 shares during the quarter. Madison Investment Holdings Inc. owned about 0.06% of Hartford Financial Services Group worth $12,298,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Dupont Capital Management Corp bought a new position in shares of Hartford Financial Services Group in the second quarter valued at $119,000. Sun Life Financial INC lifted its stake in shares of Hartford Financial Services Group by 26,810.0% in the second quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after buying an additional 2,681 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of Hartford Financial Services Group in the second quarter valued at $148,000. Wesbanco Bank Inc. bought a new position in shares of Hartford Financial Services Group in the third quarter valued at $206,000. Finally, Tdam USA Inc. bought a new position in shares of Hartford Financial Services Group in the third quarter valued at $208,000. Institutional investors and hedge funds own 88.62% of the company’s stock.

A number of research firms have weighed in on HIG. Goldman Sachs Group assumed coverage on shares of Hartford Financial Services Group in a research note on Monday, December 4th. They issued a “neutral” rating and a $59.00 price objective on the stock. Wells Fargo & Company set a $55.00 price target on shares of Hartford Financial Services Group and gave the company a “hold” rating in a research report on Monday, December 4th. Zacks Investment Research lowered shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Barclays raised their price target on shares of Hartford Financial Services Group from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $60.00 price target on shares of Hartford Financial Services Group in a research report on Tuesday, October 3rd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.75.

Shares of Hartford Financial Services Group Inc (NYSE HIG) opened at $55.17 on Monday. The company has a market cap of $19,680.17, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.63 and a beta of 0.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40. Hartford Financial Services Group Inc has a 12-month low of $46.35 and a 12-month high of $58.61.

Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.68 billion. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 earnings per share. equities analysts forecast that Hartford Financial Services Group Inc will post 3.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be given a $0.25 dividend. This is a positive change from Hartford Financial Services Group’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, November 30th. This represents a $1.00 annualized dividend and a yield of 1.81%. Hartford Financial Services Group’s payout ratio is currently 76.34%.

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Hartford Financial Services Group Company Profile

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Institutional Ownership by Quarter for Hartford Financial Services Group (NYSE:HIG)

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