Capital Fund Management S.A. boosted its holdings in Hartford Financial Services Group Inc (NYSE:HIG) by 32.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 274,092 shares of the insurance provider’s stock after acquiring an additional 66,900 shares during the quarter. Capital Fund Management S.A. owned 0.08% of Hartford Financial Services Group worth $13,694,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HIG. Wedbush Securities Inc. purchased a new stake in shares of Hartford Financial Services Group during the 3rd quarter worth approximately $213,000. Highbridge Capital Management LLC increased its stake in shares of Hartford Financial Services Group by 50.9% during the 3rd quarter. Highbridge Capital Management LLC now owns 301,820 shares of the insurance provider’s stock worth $15,079,000 after purchasing an additional 101,820 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Hartford Financial Services Group by 102.6% during the 3rd quarter. Renaissance Technologies LLC now owns 1,012,400 shares of the insurance provider’s stock worth $50,580,000 after purchasing an additional 512,600 shares during the last quarter. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Hartford Financial Services Group during the 3rd quarter worth approximately $125,000. Finally, Allianz Asset Management GmbH increased its stake in shares of Hartford Financial Services Group by 17.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 453,069 shares of the insurance provider’s stock worth $22,635,000 after purchasing an additional 68,524 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP David C. Robinson sold 2,395 shares of Hartford Financial Services Group stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $45.62, for a total value of $109,259.90. Following the completion of the transaction, the executive vice president now directly owns 19,003 shares in the company, valued at approximately $866,916.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by insiders.

HIG has been the subject of several research analyst reports. TheStreet upgraded shares of Hartford Financial Services Group from a “c” rating to a “b” rating in a research note on Thursday, July 26th. Zacks Investment Research upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Wednesday, August 1st. ValuEngine lowered shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Credit Suisse Group initiated coverage on shares of Hartford Financial Services Group in a research note on Tuesday, August 7th. They set a “neutral” rating and a $57.00 price target for the company. Finally, B. Riley raised their price target on shares of Hartford Financial Services Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Hartford Financial Services Group currently has a consensus rating of “Hold” and a consensus price target of $57.46.

Hartford Financial Services Group stock traded down $0.32 during mid-day trading on Thursday, reaching $43.75. The company’s stock had a trading volume of 8,461 shares, compared to its average volume of 2,338,818. Hartford Financial Services Group Inc has a 12-month low of $43.31 and a 12-month high of $59.20. The firm has a market capitalization of $16.33 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 1.01 and a beta of 0.94. 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 (NYSE:HIG) last released its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11. Hartford Financial Services Group had a negative net margin of 11.09% and a positive return on equity of 12.20%. The business had revenue of $4.80 billion during the quarter. On average, equities research analysts forecast that Hartford Financial Services Group Inc will post 4.73 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be paid a $0.30 dividend. The ex-dividend date is Friday, November 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.74%. Hartford Financial Services Group’s dividend payout ratio is 43.80%.

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Hartford Financial Services Group Company Profile

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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