Atalanta Sosnoff Capital LLC Sells 1,067,652 Shares of Hartford Financial Services Group Inc (HIG)

Atalanta Sosnoff Capital LLC reduced its stake in Hartford Financial Services Group Inc (NYSE:HIG) by 99.5% during the 4th quarter, Holdings Channel reports. The firm owned 5,632 shares of the insurance provider’s stock after selling 1,067,652 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in Hartford Financial Services Group were worth $317,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sun Life Financial INC boosted its position in shares of Hartford Financial Services Group by 26,810.0% in the 2nd quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock worth $141,000 after purchasing an additional 2,681 shares during the last quarter. Howard Hughes Medical Institute bought a new position in Hartford Financial Services Group during the second quarter worth about $148,000. Wesbanco Bank Inc. bought a new position in Hartford Financial Services Group during the third quarter worth about $206,000. Tdam USA Inc. bought a new position in Hartford Financial Services Group during the third quarter worth about $208,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Hartford Financial Services Group by 3.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,166 shares of the insurance provider’s stock worth $219,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Several research analysts have weighed in on the company. Zacks Investment Research lowered Hartford Financial Services Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 26th. Citigroup assumed coverage on Hartford Financial Services Group in a report on Wednesday, December 20th. They set a “neutral” rating and a $59.00 target price on the stock. Credit Suisse Group upgraded Hartford Financial Services Group from a “neutral” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Tuesday, December 19th. Wells Fargo & Co set a $55.00 target price on Hartford Financial Services Group and gave the stock a “hold” rating in a report on Monday, December 4th. Finally, Goldman Sachs Group assumed coverage on Hartford Financial Services Group in a report on Monday, December 4th. They set a “neutral” rating and a $59.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $58.92.

Shares of Hartford Financial Services Group Inc (NYSE:HIG) traded up $0.19 during trading on Tuesday, hitting $54.97. The stock had a trading volume of 2,313,811 shares, compared to its average volume of 1,904,418. The company has a market capitalization of $19,690.00, a price-to-earnings ratio of 41.96, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. Hartford Financial Services Group Inc has a 12 month low of $46.35 and a 12 month high of $58.61. 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 issued its quarterly 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 company 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%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 earnings per share. analysts expect that Hartford Financial Services Group Inc will post 3.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. This is a positive change from Hartford Financial Services Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, November 30th. Hartford Financial Services Group’s payout ratio is 76.34%.

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About Hartford Financial Services Group

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

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