American International Group Inc. Sells 47,654 Shares of Hartford Financial Services Group Inc (HIG)

American International Group Inc. trimmed its stake in Hartford Financial Services Group Inc (NYSE:HIG) by 30.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 108,616 shares of the insurance provider’s stock after selling 47,654 shares during the quarter. American International Group Inc.’s holdings in Hartford Financial Services Group were worth $6,021,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HIG. Janus Henderson Group PLC increased its holdings in shares of Hartford Financial Services Group by 5,984.5% during the second quarter. Janus Henderson Group PLC now owns 3,181,908 shares of the insurance provider’s stock valued at $167,272,000 after purchasing an additional 3,129,613 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Hartford Financial Services Group by 10.0% during the second quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock valued at $1,580,827,000 after purchasing an additional 2,730,796 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Hartford Financial Services Group by 226.6% during the third quarter. Principal Financial Group Inc. now owns 1,921,539 shares of the insurance provider’s stock valued at $106,511,000 after purchasing an additional 1,333,127 shares during the period. FMR LLC increased its holdings in shares of Hartford Financial Services Group by 22.2% during the second quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock valued at $372,144,000 after purchasing an additional 1,284,664 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Hartford Financial Services Group by 1,154.0% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 947,754 shares of the insurance provider’s stock valued at $42,061,000 after purchasing an additional 872,174 shares during the period. Institutional investors own 88.62% of the company’s stock.

HIG has been the topic of a number of research analyst reports. Goldman Sachs Group initiated coverage on Hartford Financial Services Group in a report on Monday. They set a “neutral” rating and a $59.00 price target on the stock. UBS raised their price target on Hartford Financial Services Group from $58.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. BidaskClub raised Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Wells Fargo & Company set a $55.00 price target on Hartford Financial Services Group and gave the company a “hold” rating in a report on Thursday, November 16th. Finally, Zacks Investment Research raised Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, September 14th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $57.54.

Hartford Financial Services Group Inc (NYSE:HIG) traded down $0.37 during trading hours on Monday, reaching $57.06. The company had a trading volume of 1,611,731 shares, compared to its average volume of 2,333,983. The firm has a market capitalization of $20,486.35, a price-to-earnings ratio of 15.44, a P/E/G ratio of 1.67 and a beta of 0.98. Hartford Financial Services Group Inc has a 1 year low of $46.35 and a 1 year high of $58.16. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28.

Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.68 billion. Hartford Financial Services Group had a return on equity of 8.21% and a net margin of 2.63%. Hartford Financial Services Group’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 earnings per share. equities analysts anticipate that Hartford Financial Services Group Inc will post 3.63 earnings per share for the current fiscal 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 issued a dividend of $0.25 per share. This is a positive change from Hartford Financial Services Group’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, November 30th. Hartford Financial Services Group’s payout ratio is presently 76.34%.

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About Hartford Financial Services Group

Institutional Ownership by Quarter for Hartford Financial Services Group (NYSE:HIG)

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