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

Orrstown Financial Services Inc. reduced its position in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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.

A number of other institutional investors also recently made changes to their positions in HIG. Westside Investment Management Inc. boosted its stake in shares of Hartford Financial Services Group, Inc. (The) by 85.8% in the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock worth $103,000 after buying an additional 1,000 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of 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 worth $106,000 after buying an additional 10 shares during the last quarter. Hartford Financial Management Inc. boosted its stake in shares of Hartford Financial Services Group, Inc. (The) by 489.6% in the first quarter. Hartford Financial Management Inc. now owns 2,653 shares of the insurance provider’s stock worth $127,000 after buying an additional 2,203 shares during the last quarter. Advisory Services Network LLC bought a new position in Hartford Financial Services Group, Inc. (The) during the first quarter valued at approximately $163,000. Finally, Coconut Grove Bank boosted its position in Hartford Financial Services Group, Inc. (The) by 65.4% in the first quarter. Coconut Grove Bank now owns 3,440 shares of the insurance provider’s stock valued at $165,000 after buying an additional 1,360 shares during the last quarter. Hedge funds and other institutional investors own 90.85% of the company’s stock.

Shares of Hartford Financial Services Group, Inc. (HIG) opened at 56.04 on Friday. Hartford Financial Services Group, Inc. has a 12-month low of $39.68 and a 12-month high of $56.60. The company has a 50 day moving average price of $53.87 and a 200-day moving average price of $50.13. The firm has a market cap of $20.42 billion, a PE ratio of 30.76 and a beta of 0.93.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The company had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Hartford Financial Services Group, Inc. will post $4.26 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is 51.40%.

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Several research analysts have recently issued reports on the company. Wells Fargo & Company reissued a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, April 18th. Deutsche Bank AG initiated coverage on Hartford Financial Services Group, Inc. (The) in a report on Tuesday, June 6th. They issued a “buy” rating and a $60.00 target price for the company. ValuEngine raised Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $54.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a report on Wednesday, July 12th. Finally, Credit Suisse Group set a $51.00 price objective on Hartford Financial Services Group, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, June 6th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $56.30.

About Hartford Financial Services Group, Inc. (The)

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

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