Hartford Financial Services Group Inc (HIG) Stake Lifted by Invictus RG

Invictus RG lifted its holdings in Hartford Financial Services Group Inc (NYSE:HIG) by 145.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,679 shares of the insurance provider’s stock after acquiring an additional 3,362 shares during the quarter. Invictus RG’s holdings in Hartford Financial Services Group were worth $315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Andra AP fonden raised its position in Hartford Financial Services Group by 1.6% in the 2nd quarter. Andra AP fonden now owns 113,300 shares of the insurance provider’s stock worth $5,956,000 after purchasing an additional 1,800 shares during the last quarter. PGGM Investments raised its position in Hartford Financial Services Group by 195.7% in the 3rd quarter. PGGM Investments now owns 752,785 shares of the insurance provider’s stock worth $41,727,000 after purchasing an additional 498,249 shares during the last quarter. Quantitative Investment Management LLC bought a new position in Hartford Financial Services Group in the 2nd quarter worth approximately $30,080,000. Carret Asset Management LLC raised its position in Hartford Financial Services Group by 20.8% in the 2nd quarter. Carret Asset Management LLC now owns 82,380 shares of the insurance provider’s stock worth $4,331,000 after purchasing an additional 14,188 shares during the last quarter. Finally, Bellwether Investment Group LLC bought a new stake in shares of Hartford Financial Services Group during the 2nd quarter valued at $332,000. 88.62% of the stock is currently owned by institutional investors and hedge funds.

HIG has been the subject of several recent research reports. Barclays upped their target price on shares of Hartford Financial Services Group from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. BidaskClub upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $60.00 target price on shares of Hartford Financial Services Group in a research report on Thursday, August 31st. Buckingham Research initiated coverage on shares of Hartford Financial Services Group in a research report on Monday, September 11th. They set a “buy” rating and a $63.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Thursday, September 14th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Hartford Financial Services Group currently has an average rating of “Buy” and a consensus price target of $57.54.

Shares of Hartford Financial Services Group Inc (HIG) traded up $0.28 during midday trading on Thursday, reaching $54.92. 3,541,300 shares of the company were exchanged, compared to its average volume of 2,357,228. The firm has a market cap of $19,491.11, a price-to-earnings ratio of 14.69, a PEG ratio of 1.25 and a beta of 0.98. 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 has a 12-month low of $46.35 and a 12-month high of $58.61.

Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.68 billion. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 EPS. analysts expect that Hartford Financial Services Group Inc will post 3.65 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 30th. 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 1.82%. Hartford Financial Services Group’s dividend payout ratio is presently 76.34%.

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Hartford Financial Services Group Profile

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

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