American International Group Inc. Has $7,170,000 Stake in Hartford Financial Services Group, Inc. (The) (HIG)

American International Group Inc. decreased its stake in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 2.1% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 167,440 shares of the company’s stock after selling 3,551 shares during the period. American International Group Inc.’s holdings in Hartford Financial Services Group, Inc. (The) were worth $7,170,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Hartford Financial Services Group, Inc. (The) by 42.1% in the third quarter. JPMorgan Chase & Co. now owns 29,839,369 shares of the company’s stock worth $1,277,723,000 after buying an additional 8,835,456 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new position in shares of Hartford Financial Services Group, Inc. (The) during the third quarter worth about $160,429,000. Credit Suisse AG boosted its position in shares of Hartford Financial Services Group, Inc. (The) by 139.2% in the second quarter. Credit Suisse AG now owns 712,911 shares of the company’s stock worth $31,640,000 after buying an additional 2,533,792 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Hartford Financial Services Group, Inc. (The) by 1,568.4% in the third quarter. Victory Capital Management Inc. now owns 1,534,158 shares of the company’s stock worth $65,692,000 after buying an additional 1,442,206 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Hartford Financial Services Group, Inc. (The) during the third quarter worth about $35,481,000. Institutional investors own 88.46% of the company’s stock.

Institutional Ownership by Quarter for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) traded up 0.29% during mid-day trading on Wednesday, hitting $48.57. 852,317 shares of the stock were exchanged. The stock has a market capitalization of $18.35 billion, a P/E ratio of 14.01 and a beta of 1.23. The stock’s 50 day moving average price is $47.93 and its 200-day moving average price is $44.00. Hartford Financial Services Group, Inc. has a 12-month low of $36.54 and a 12-month high of $48.85.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its quarterly earnings results on Thursday, October 27th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.11. Hartford Financial Services Group, Inc. (The) had a net margin of 7.65% and a return on equity of 7.49%. The firm earned $4.70 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same quarter last year, the business earned $0.86 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Hartford Financial Services Group, Inc. will post $3.26 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 1st were issued a dividend of $0.23 per share. This is a positive change from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $0.92 annualized dividend and a yield of 1.90%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is presently 26.59%.

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A number of research analysts recently issued reports on the stock. FBR & Co cut shares of Hartford Financial Services Group, Inc. (The) from an “outperform” rating to a “market perform” rating and set a $47.00 price objective for the company. in a report on Monday, November 28th. RBC Capital Markets upgraded shares of Hartford Financial Services Group, Inc. (The) from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $46.00 to $54.00 in a report on Thursday, December 8th. Bank of America Corporation cut shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “neutral” rating in a report on Wednesday, November 16th. Credit Suisse Group cut shares of Hartford Financial Services Group, Inc. (The) from an “outperform” rating to a “neutral” rating and upped their price target for the company from $51.00 to $53.00 in a report on Friday, January 6th. Finally, Royal Bank Of Canada upgraded shares of Hartford Financial Services Group, Inc. (The) from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $46.00 to $54.00 in a report on Friday, December 9th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $50.42.

In other Hartford Financial Services Group, Inc. (The) news, SVP Scott R. Lewis sold 5,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $44.16, for a total transaction of $259,130.88. Following the completion of the transaction, the senior vice president now owns 12,812 shares in the company, valued at approximately $565,777.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.23% of the company’s stock.

Hartford Financial Services Group, Inc. (The) Company Profile

The Hartford Financial Services Group, Inc is a holding company. The Company operates through six segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

5 Day Chart for NYSE:HIG

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