Orrstown Financial Services Inc. Has $1.08 Million Position in Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

Orrstown Financial Services Inc. cut its stake in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 20,488 shares of the insurance provider’s stock after selling 840 shares during the period. Orrstown Financial Services Inc.’s holdings in Hartford Financial Services Group, Inc. (The) were worth $1,077,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HIG. Quadrant Capital Group LLC boosted its position in Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 2,293 shares of the insurance provider’s stock valued at $106,000 after buying an additional 10 shares during the period. Huntington National Bank boosted its position in Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter. Huntington National Bank now owns 6,886 shares of the insurance provider’s stock valued at $331,000 after buying an additional 30 shares during the period. Jaffetilchin Investment Partners LLC boosted its position in Hartford Financial Services Group, Inc. (The) by 1.2% in the first quarter. Jaffetilchin Investment Partners LLC now owns 8,147 shares of the insurance provider’s stock valued at $392,000 after buying an additional 97 shares during the period. Wetherby Asset Management Inc. boosted its position in Hartford Financial Services Group, Inc. (The) by 2.0% in the first quarter. Wetherby Asset Management Inc. now owns 6,605 shares of the insurance provider’s stock valued at $318,000 after buying an additional 129 shares during the period. Finally, Bronfman E.L. Rothschild L.P. boosted its position in Hartford Financial Services Group, Inc. (The) by 4.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,063 shares of the insurance provider’s stock valued at $195,000 after buying an additional 168 shares during the period. 89.75% of the stock is owned by institutional investors.

Shares of Hartford Financial Services Group, Inc. (NYSE HIG) traded up 0.41% during mid-day trading on Monday, reaching $53.58. The company’s stock had a trading volume of 1,645,442 shares. The company has a 50 day moving average price of $50.46 and a 200 day moving average price of $48.86. Hartford Financial Services Group, Inc. has a 12 month low of $38.92 and a 12 month high of $53.66. The stock has a market capitalization of $19.68 billion, a P/E ratio of 21.79 and a beta of 0.93.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its earnings results on Thursday, April 27th. The insurance provider reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by $0.02. Hartford Financial Services Group, Inc. (The) had a return on equity of 7.48% and a net margin of 5.12%. The firm had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the business earned $0.78 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that Hartford Financial Services Group, Inc. will post $4.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 1st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Tuesday, May 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is presently 37.70%.

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Several research analysts recently commented on the company. FBR & Co boosted their price target on Hartford Financial Services Group, Inc. (The) from $49.00 to $54.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, July 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $54.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research note on Wednesday, July 12th. BidaskClub cut Hartford Financial Services Group, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Zacks Investment Research cut Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $54.25.

About Hartford Financial Services Group, Inc. (The)

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

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