Stoneridge Investment Partners LLC Has $7.27 Million Stake in Hartford Financial Services Group, Inc. (The) (HIG)

Stoneridge Investment Partners LLC cut its stake in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 0.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 138,307 shares of the insurance provider’s stock after selling 488 shares during the period. Hartford Financial Services Group, Inc. (The) accounts for approximately 1.1% of Stoneridge Investment Partners LLC’s investment portfolio, making the stock its 27th largest position. Stoneridge Investment Partners LLC’s holdings in Hartford Financial Services Group, Inc. (The) were worth $7,271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. boosted its position in shares of Hartford Financial Services Group, Inc. (The) by 2.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 323,947 shares of the insurance provider’s stock valued at $15,571,000 after buying an additional 6,688 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Hartford Financial Services Group, Inc. (The) by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 123,645 shares of the insurance provider’s stock valued at $5,943,000 after buying an additional 1,200 shares in the last quarter. Quadrant Capital Group LLC boosted its position 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 valued at $106,000 after buying an additional 10 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Hartford Financial Services Group, Inc. (The) by 30.8% in the first quarter. Bank of Montreal Can now owns 307,483 shares of the insurance provider’s stock valued at $14,781,000 after buying an additional 72,432 shares in the last quarter. Finally, Spirit of America Management Corp NY boosted its position in shares of Hartford Financial Services Group, Inc. (The) by 7.1% in the first quarter. Spirit of America Management Corp NY now owns 15,000 shares of the insurance provider’s stock valued at $721,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) traded down 0.07% during trading on Friday, reaching $55.56. The company’s stock had a trading volume of 4,524,540 shares. The company has a 50-day moving average price of $54.43 and a 200-day moving average price of $50.40. The stock has a market cap of $20.24 billion, a price-to-earnings ratio of 30.49 and a beta of 0.93. Hartford Financial Services Group, Inc. has a one year low of $39.68 and a one year high of $57.16.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. The business had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company earned $0.31 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Hartford Financial Services Group, Inc. will post $4.26 earnings per share for the current fiscal year.

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s payout ratio is 51.40%.

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HIG has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Wednesday, June 28th. Deutsche Bank AG reiterated a “buy” rating and issued a $61.00 price target (up previously from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, August 1st. ValuEngine upgraded shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Credit Suisse Group set a $51.00 price target on shares of Hartford Financial Services Group, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, June 6th. Finally, BidaskClub cut shares of Hartford Financial Services Group, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $56.30.

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

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

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