Toronto Dominion Bank Has $7.70 Million Position in Hartford Financial Services Group, Inc. (The) (HIG)

Toronto Dominion Bank grew its holdings in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,995 shares of the insurance provider’s stock after acquiring an additional 13,834 shares during the period. Toronto Dominion Bank’s holdings in Hartford Financial Services Group, Inc. (The) were worth $7,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of HIG. Dupont Capital Management Corp purchased a new stake in shares of Hartford Financial Services Group, Inc. (The) during the 2nd quarter worth $119,000. Sun Life Financial INC increased its stake 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 purchasing an additional 2,681 shares during the period. Hartford Financial Management Inc. increased its stake 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 purchasing an additional 150 shares during the period. Howard Hughes Medical Institute acquired a new position in shares of Hartford Financial Services Group, Inc. (The) during the second quarter worth about $148,000. Finally, Wesbanco Bank Inc. purchased a new stake in shares of Hartford Financial Services Group, Inc. (The) in the third quarter valued at about $206,000. 90.32% of the stock is currently owned by hedge funds and other institutional investors.

Hartford Financial Services Group, Inc. (NYSE HIG) opened at $56.01 on Friday. The company has a market capitalization of $20,215.25, a P/E ratio of 15.23, a PEG ratio of 1.62 and a beta of 0.98. Hartford Financial Services Group, Inc. has a 52 week low of $46.33 and a 52 week high of $57.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 0.40.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Hartford Financial Services Group, Inc. (The) had a return on equity of 8.21% and a net margin of 2.63%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 earnings per share. sell-side analysts forecast that Hartford Financial Services Group, Inc. will post 3.67 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.79%. This is an increase from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, November 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is presently 70.23%.

Several brokerages recently issued reports on HIG. Buckingham Research assumed coverage on shares of Hartford Financial Services Group, Inc. (The) in a research report on Monday, September 11th. They set a “buy” rating and a $63.00 price target on the stock. BidaskClub upgraded Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Wells Fargo & Company set a $55.00 price objective on Hartford Financial Services Group, Inc. (The) and gave the company a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods reissued a “buy” rating and set a $58.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research note on Sunday, July 30th. Finally, Zacks Investment Research upgraded Hartford Financial Services Group, Inc. (The) from a “sell” rating to a “hold” rating and set a $62.00 price target for the company in a report on Monday, July 31st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Hartford Financial Services Group, Inc. (The) has a consensus rating of “Buy” and an average target price of $57.42.

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

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

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