Diamond Hill Capital Management Inc. trimmed its holdings in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,970,555 shares of the insurance provider’s stock after selling 48,281 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.83% of Hartford Financial Services Group worth $151,884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio raised its position in shares of Hartford Financial Services Group by 7.4% during the 2nd quarter. Strs Ohio now owns 195,358 shares of the insurance provider’s stock valued at $9,988,000 after buying an additional 13,390 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Hartford Financial Services Group by 19.6% during the 2nd quarter. Toronto Dominion Bank now owns 230,158 shares of the insurance provider’s stock valued at $11,765,000 after buying an additional 37,702 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Hartford Financial Services Group by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,495,814 shares of the insurance provider’s stock valued at $332,131,000 after buying an additional 257,968 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Hartford Financial Services Group by 2.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 571,688 shares of the insurance provider’s stock valued at $29,230,000 after buying an additional 13,755 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Hartford Financial Services Group by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 666,945 shares of the insurance provider’s stock valued at $34,101,000 after buying an additional 7,175 shares in the last quarter. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Shares of NYSE:HIG opened at $51.42 on Tuesday. The stock has a market cap of $18.52 billion, a P/E ratio of 13.56, a PEG ratio of 1.16 and a beta of 0.98. Hartford Financial Services Group Inc has a 12 month low of $49.67 and a 12 month high of $59.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.29 and a current ratio of 0.29.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, July 26th. The insurance provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.02 by $0.11. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.63 billion. Hartford Financial Services Group had a negative net margin of 12.24% and a positive return on equity of 9.84%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. equities analysts forecast that Hartford Financial Services Group Inc will post 4.7 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Tuesday, September 4th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.33%. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, August 31st. Hartford Financial Services Group’s dividend payout ratio is presently 36.50%.

Several analysts have recently issued reports on HIG shares. ValuEngine upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Monday, April 30th. Zacks Investment Research upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, August 1st. Citigroup upped their target price on shares of Hartford Financial Services Group from $55.00 to $57.00 and gave the company a “hold” rating in a research report on Tuesday, May 1st. Wells Fargo & Co set a $56.00 price target on shares of Hartford Financial Services Group and gave the company a “hold” rating in a report on Thursday, April 26th. Finally, Credit Suisse Group started coverage on shares of Hartford Financial Services Group in a report on Tuesday, August 7th. They set a “neutral” rating and a $57.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.00.

In related news, insider Brion S. Johnson sold 11,568 shares of the company’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $53.60, for a total transaction of $620,044.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brion S. Johnson sold 11,569 shares of the company’s stock in a transaction dated Tuesday, May 29th. The shares were sold at an average price of $51.91, for a total transaction of $600,546.79. Following the transaction, the insider now owns 61,445 shares in the company, valued at $3,189,609.95. The disclosure for this sale can be found here. Insiders have sold a total of 49,438 shares of company stock worth $2,605,412 over the last quarter. 1.50% of the stock is currently owned by insiders.

About Hartford Financial Services Group

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

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

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