Hartford Financial Services Group Inc (NYSE:HIG) Shares Bought by Neuburgh Advisers LLC

Neuburgh Advisers LLC grew its stake in Hartford Financial Services Group Inc (NYSE:HIG) by 23.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,024 shares of the insurance provider’s stock after acquiring an additional 4,692 shares during the period. Neuburgh Advisers LLC’s holdings in Hartford Financial Services Group were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its stake in shares of Hartford Financial Services Group by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the insurance provider’s stock worth $945,000 after acquiring an additional 200 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Hartford Financial Services Group by 11.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,140 shares of the insurance provider’s stock worth $95,000 after acquiring an additional 224 shares during the last quarter. Palladium Partners LLC raised its stake in shares of Hartford Financial Services Group by 1.3% in the first quarter. Palladium Partners LLC now owns 19,128 shares of the insurance provider’s stock worth $951,000 after acquiring an additional 250 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Hartford Financial Services Group by 20.0% in the fourth quarter. Parallel Advisors LLC now owns 1,553 shares of the insurance provider’s stock worth $69,000 after acquiring an additional 259 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Hartford Financial Services Group by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 84,776 shares of the insurance provider’s stock worth $4,215,000 after acquiring an additional 295 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $56.00 target price on shares of Hartford Financial Services Group in a research note on Thursday, May 2nd. Goldman Sachs Group raised shares of Hartford Financial Services Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $53.00 to $64.00 in a research note on Wednesday, May 29th. Barclays boosted their price target on shares of Hartford Financial Services Group from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Finally, ValuEngine raised shares of Hartford Financial Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $58.25.

HIG opened at $54.95 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The company has a market cap of $19.71 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 1.13 and a beta of 0.68. Hartford Financial Services Group Inc has a fifty-two week low of $40.54 and a fifty-two week high of $55.42.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.15. The business had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.84 billion. Hartford Financial Services Group had a net margin of 9.58% and a return on equity of 12.46%. Hartford Financial Services Group’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.27 earnings per share. On average, equities research analysts anticipate that Hartford Financial Services Group Inc will post 5.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, May 31st. Hartford Financial Services Group’s dividend payout ratio (DPR) is 27.71%.

In other news, Director Trevor Fetter acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average price of $52.19 per share, for a total transaction of $521,900.00. Following the completion of the acquisition, the director now owns 50,945 shares in the company, valued at $2,658,819.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert B. Allardice III sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $54.44, for a total transaction of $353,860.00. Following the transaction, the director now owns 30,684 shares of the company’s stock, valued at approximately $1,670,436.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,539 shares of company stock valued at $1,132,272. 1.70% of the stock is currently owned by insiders.

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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. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.

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

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