Brant Point Investment Management LLC Has $3.83 Million Holdings in Hartford Financial Services Group Inc (HIG)

Brant Point Investment Management LLC cut its position in Hartford Financial Services Group Inc (NYSE:HIG) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,600 shares of the insurance provider’s stock after selling 2,300 shares during the period. Brant Point Investment Management LLC’s holdings in Hartford Financial Services Group were worth $3,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Franklin Resources Inc. raised its holdings in Hartford Financial Services Group by 24.7% in the third quarter. Franklin Resources Inc. now owns 16,176,288 shares of the insurance provider’s stock worth $808,166,000 after purchasing an additional 3,207,962 shares during the period. FMR LLC raised its holdings in Hartford Financial Services Group by 1.8% in the second quarter. FMR LLC now owns 10,496,071 shares of the insurance provider’s stock worth $536,664,000 after purchasing an additional 184,389 shares during the period. Bank of New York Mellon Corp raised its holdings in Hartford Financial Services Group by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 6,684,831 shares of the insurance provider’s stock worth $333,975,000 after purchasing an additional 189,017 shares during the period. Dimensional Fund Advisors LP raised its holdings in Hartford Financial Services Group by 8.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,543,885 shares of the insurance provider’s stock worth $227,000,000 after purchasing an additional 335,433 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its holdings in Hartford Financial Services Group by 29.8% in the third quarter. Diamond Hill Capital Management Inc. now owns 3,856,174 shares of the insurance provider’s stock worth $192,654,000 after purchasing an additional 885,619 shares during the period. Institutional investors own 89.36% of the company’s stock.

In related news, EVP David C. Robinson sold 2,395 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $45.62, for a total transaction of $109,259.90. Following the sale, the executive vice president now directly owns 19,003 shares in the company, valued at $866,916.86. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

Shares of NYSE:HIG opened at $44.19 on Friday. Hartford Financial Services Group Inc has a 12 month low of $43.31 and a 12 month high of $59.20. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. The firm has a market cap of $15.85 billion, a P/E ratio of 10.14, a P/E/G ratio of 1.00 and a beta of 0.94.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. Hartford Financial Services Group had a negative net margin of 11.09% and a positive return on equity of 12.20%. The business had revenue of $4.80 billion for the quarter. Research analysts predict that Hartford Financial Services Group Inc will post 4.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.72%. Hartford Financial Services Group’s payout ratio is 43.80%.

Several equities research analysts have weighed in on the stock. B. Riley increased their target price on shares of Hartford Financial Services Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Credit Suisse Group assumed coverage on shares of Hartford Financial Services Group in a report on Tuesday, August 7th. They issued a “neutral” rating and a $57.00 target price on the stock. Wells Fargo & Co cut their target price on shares of Hartford Financial Services Group from $58.00 to $56.00 and set a “market perform” rating on the stock in a report on Tuesday, October 9th. Zacks Investment Research upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Monday, August 27th. Finally, Bank of America upgraded shares of Hartford Financial Services Group from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Tuesday, October 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Hartford Financial Services Group currently has an average rating of “Hold” and an average target price of $57.23.

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Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

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

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