Charter Trust Co. lessened its position in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 11.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,810 shares of the insurance provider’s stock after selling 1,475 shares during the period. Charter Trust Co.’s holdings in Hartford Financial Services Group were worth $665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HIG. Sun Life Financial INC grew its holdings in Hartford Financial Services Group by 26,810.0% during the 2nd quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock worth $141,000 after acquiring an additional 2,681 shares in the last quarter. Wesbanco Bank Inc. acquired a new position in Hartford Financial Services Group during the 3rd quarter worth approximately $206,000. Bahl & Gaynor Inc. acquired a new position in Hartford Financial Services Group during the 2nd quarter worth approximately $207,000. Tdam USA Inc. acquired a new position in Hartford Financial Services Group during the 3rd quarter worth approximately $208,000. Finally, Trexquant Investment LP acquired a new position in Hartford Financial Services Group during the 3rd quarter worth approximately $234,000. Institutional investors own 88.25% of the company’s stock.

Several brokerages have recently issued reports on HIG. UBS Group upped their target price on shares of Hartford Financial Services Group from $58.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research cut shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Wells Fargo & Co set a $55.00 target price on shares of Hartford Financial Services Group and gave the company a “hold” rating in a report on Monday, December 4th. Credit Suisse Group upgraded shares of Hartford Financial Services Group from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a report on Tuesday, December 19th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $60.00 target price on shares of Hartford Financial Services Group in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $58.92.

Hartford Financial Services Group Inc (NYSE HIG) opened at $56.23 on Thursday. Hartford Financial Services Group Inc has a twelve month low of $46.35 and a twelve month high of $58.61. The stock has a market cap of $19,705.14, a price-to-earnings ratio of 14.85, a PEG ratio of 1.37 and a beta of 0.99. 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 (NYSE:HIG) last released its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. Hartford Financial Services Group’s revenue for the quarter was down .7% on a year-over-year basis. sell-side analysts expect that Hartford Financial Services Group Inc will post 3.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 1st were given a $0.25 dividend. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.00 annualized dividend and a yield of 1.78%. Hartford Financial Services Group’s dividend payout ratio is 76.34%.

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About Hartford Financial Services Group

The Hartford Financial Services Group, Inc is a holding company for insurance and financial services subsidiaries. The Company’s segments include Commercial Lines, which provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the United States; Personal Lines, which provides automobile, homeowners and personal umbrella coverages to individuals across the United States; Group Benefits, which provides group life, accident and disability coverage, and other products and services; Property & Casualty Other Operations, which includes certain property and casualty operations; Mutual Funds, which provides investment management, administration, product distribution and related services to investors; Talcott Resolution, which consists of the run-off of the Company’s the United States individual and institutional annuity, and Private Placement Life Insurance (PPLI) businesses, and Corporate.

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

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