Forsta AP Fonden raised its holdings in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 4.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 90,200 shares of the insurance provider’s stock after acquiring an additional 3,500 shares during the quarter. Forsta AP Fonden’s holdings in Hartford Financial Services Group were worth $4,506,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HIG. State of Alaska Department of Revenue boosted its position in Hartford Financial Services Group by 24.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 75,638 shares of the insurance provider’s stock valued at $3,867,000 after acquiring an additional 14,870 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Hartford Financial Services Group by 4.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 105,745 shares of the insurance provider’s stock valued at $5,407,000 after acquiring an additional 4,698 shares in the last quarter. Bank of Montreal Can bought a new stake in Hartford Financial Services Group during the 2nd quarter valued at approximately $13,272,000. Welch & Forbes LLC bought a new stake in Hartford Financial Services Group during the 2nd quarter valued at approximately $263,000. Finally, Scout Investments Inc. bought a new stake in Hartford Financial Services Group during the 2nd quarter valued at approximately $21,568,000. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HIG opened at $45.32 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. Hartford Financial Services Group Inc has a 52 week low of $43.31 and a 52 week high of $59.20. The company has a market capitalization of $16.33 billion, a PE ratio of 10.44, a P/E/G ratio of 1.01 and a beta of 0.94.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, October 25th. The insurance provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. Hartford Financial Services Group had a positive return on equity of 12.20% and a negative net margin of 11.09%. The firm had revenue of $4.80 billion for the quarter. As a group, analysts forecast that Hartford Financial Services Group Inc will post 4.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.65%. Hartford Financial Services Group’s dividend payout ratio is currently 43.80%.

In other news, EVP David C. Robinson sold 2,395 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $45.62, for a total value of $109,259.90. Following the sale, the executive vice president now directly owns 19,003 shares of the company’s stock, valued at approximately $866,916.86. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Several analysts have weighed in on HIG shares. TheStreet raised Hartford Financial Services Group from a “c” rating to a “b” rating in a research report on Thursday, July 26th. Zacks Investment Research raised Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Wednesday, August 1st. Bank of America raised Hartford Financial Services Group from a “neutral” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Tuesday, October 9th. They noted that the move was a valuation call. B. Riley raised Hartford Financial Services Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $60.00 in a research report on Monday, September 24th. Finally, Sandler O’Neill started coverage on Hartford Financial Services Group in a research report on Monday, September 10th. They set a “buy” rating and a $60.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $57.92.

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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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