Gulf International Bank UK Ltd Has $3.54 Million Holdings in Hartford Financial Services Group Inc (HIG)

Gulf International Bank UK Ltd lessened its stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 30.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 79,697 shares of the insurance provider’s stock after selling 34,891 shares during the period. Gulf International Bank UK Ltd’s holdings in Hartford Financial Services Group were worth $3,542,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HIG. Honkamp Krueger Financial Services Inc. acquired a new stake in Hartford Financial Services Group during the 3rd quarter valued at $125,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Hartford Financial Services Group by 84.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,834 shares of the insurance provider’s stock valued at $192,000 after buying an additional 1,754 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in Hartford Financial Services Group during the 3rd quarter valued at $213,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Hartford Financial Services Group during the 3rd quarter valued at $250,000. Finally, Exane Asset Management acquired a new stake in Hartford Financial Services Group during the 3rd quarter valued at $259,000. Hedge funds and other institutional investors own 89.26% of the company’s stock.

Shares of HIG opened at $44.46 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $15.70 billion, a P/E ratio of 16.23, a PEG ratio of 0.92 and a beta of 0.77. Hartford Financial Services Group Inc has a twelve month low of $40.54 and a twelve month high of $59.20.

Hartford Financial Services Group (NYSE:HIG) last issued its earnings results on Thursday, October 25th. The insurance provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.11. The business had revenue of $4.80 billion for the quarter. Hartford Financial Services Group had a positive return on equity of 12.20% and a negative net margin of 11.09%. Equities research analysts expect that Hartford Financial Services Group Inc will post 4.18 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Friday, November 30th. Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 43.80%.

In other Hartford Financial Services Group news, EVP David C. Robinson sold 2,395 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $45.62, for a total value of $109,259.90. Following the transaction, the executive vice president now directly owns 19,003 shares of the company’s stock, valued at $866,916.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Julie Richardson acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 11th. The stock was bought at an average cost of $41.44 per share, for a total transaction of $207,200.00. Following the completion of the transaction, the director now directly owns 17,213 shares of the company’s stock, valued at $713,306.72. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.

Several equities research analysts have recently issued reports on HIG shares. B. Riley upgraded Hartford Financial Services Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $55.00 to $60.00 in a report on Monday, September 24th. Bank of America upgraded Hartford Financial Services Group from a “neutral” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Tuesday, October 9th. They noted that the move was a valuation call. Wells Fargo & Co decreased their price objective on 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. Credit Suisse Group set a $56.00 price objective on Hartford Financial Services Group and gave the stock a “hold” rating in a report on Tuesday, October 9th. Finally, Royal Bank of Canada decreased their price objective on Hartford Financial Services Group to $58.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Hartford Financial Services Group presently has a consensus rating of “Buy” and a consensus target price of $56.83.

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About Hartford Financial Services Group

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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Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hartford Financial Services Group Inc (NYSE:HIG).

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

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