Sciencast Management LP Buys New Holdings in Hartford Financial Services Group, Inc. (The) (HIG)

Sciencast Management LP acquired a new stake in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,500 shares of the insurance provider’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its holdings in 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 valued at $103,000 after acquiring an additional 1,000 shares during the last quarter. Dupont Capital Management Corp acquired a new position in Hartford Financial Services Group, Inc. (The) in the second quarter valued at approximately $119,000. Sun Life Financial INC lifted its holdings in Hartford Financial Services Group, Inc. (The) by 26,810.0% in the second quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after acquiring an additional 2,681 shares during the last quarter. Hartford Financial Management Inc. lifted its holdings in Hartford Financial Services Group, Inc. (The) by 5.7% in the second quarter. Hartford Financial Management Inc. now owns 2,803 shares of the insurance provider’s stock valued at $147,000 after acquiring an additional 150 shares during the last quarter. Finally, Howard Hughes Medical Institute acquired a new position in Hartford Financial Services Group, Inc. (The) in the second quarter valued at approximately $148,000. Hedge funds and other institutional investors own 88.23% of the company’s stock.

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Shares of Hartford Financial Services Group, Inc. (HIG) opened at 55.68 on Wednesday. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 30.56 and a beta of 0.91. The firm has a 50-day moving average price of $54.49 and a 200-day moving average price of $52.00. Hartford Financial Services Group, Inc. has a 12 month low of $42.30 and a 12 month high of $57.16.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.10. The company had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. Hartford Financial Services Group, Inc. (The)’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. Equities analysts expect that Hartford Financial Services Group, Inc. will post $3.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 1st were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.64%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is presently 51.40%.

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $60.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, October 3rd. Zacks Investment Research cut Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Buckingham Research assumed coverage on Hartford Financial Services Group, Inc. (The) in a report on Monday, September 11th. They issued a “buy” rating and a $63.00 price objective on the stock. BidaskClub cut Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, Barclays PLC upped their price objective on Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $57.00.

Hartford Financial Services Group, Inc. (The) Profile

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

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