Hartford Financial Services Group Inc (NYSE:HIG) Shares Purchased by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lifted its stake in Hartford Financial Services Group Inc (NYSE:HIG) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,552,254 shares of the insurance provider’s stock after purchasing an additional 6,717 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.43% of Hartford Financial Services Group worth $86,492,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. NuWave Investment Management LLC increased its holdings in shares of Hartford Financial Services Group by 950.0% in the second quarter. NuWave Investment Management LLC now owns 504 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 456 shares during the last quarter. Rational Advisors LLC increased its stake in Hartford Financial Services Group by 950.0% during the second quarter. Rational Advisors LLC now owns 504 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 456 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in Hartford Financial Services Group during the first quarter worth $33,000. Redhawk Wealth Advisors Inc. acquired a new stake in Hartford Financial Services Group during the second quarter worth $40,000. Finally, Mirova acquired a new stake in Hartford Financial Services Group during the second quarter worth $62,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

NYSE HIG traded up $0.53 during trading on Friday, reaching $60.46. 640,804 shares of the company’s stock were exchanged, compared to its average volume of 1,637,154. The stock has a market cap of $21.84 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 1.19 and a beta of 0.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.28 and a current ratio of 0.28. The company has a 50 day moving average price of $58.43 and a two-hundred day moving average price of $54.00. Hartford Financial Services Group Inc has a 1 year low of $40.54 and a 1 year high of $60.77.

Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, August 1st. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.22. The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.07 billion. Hartford Financial Services Group had a return on equity of 12.44% and a net margin of 8.36%. Hartford Financial Services Group’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 EPS. Research analysts forecast that Hartford Financial Services Group Inc will post 5.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, August 30th. Hartford Financial Services Group’s dividend payout ratio (DPR) is 27.71%.

In other news, EVP David C. Robinson sold 6,978 shares of Hartford Financial Services Group stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $60.04, for a total transaction of $418,959.12. Following the sale, the executive vice president now owns 22,040 shares in the company, valued at $1,323,281.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Beth Ann Costello sold 5,000 shares of Hartford Financial Services Group stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $57.19, for a total value of $285,950.00. Following the sale, the chief financial officer now owns 51,245 shares in the company, valued at approximately $2,930,701.55. The disclosure for this sale can be found here. Insiders have sold a total of 108,109 shares of company stock valued at $6,084,135 over the last ninety days. 1.70% of the stock is owned by company insiders.

Several equities research analysts have issued reports on HIG shares. B. Riley raised their target price on Hartford Financial Services Group from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Royal Bank of Canada raised their target price on Hartford Financial Services Group to $68.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Buckingham Research raised their target price on Hartford Financial Services Group from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research lowered Hartford Financial Services Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Finally, Barclays set a $70.00 target price on Hartford Financial Services Group and gave the company a “buy” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. Hartford Financial Services Group presently has a consensus rating of “Buy” and an average price target of $62.08.

Hartford Financial Services Group Profile

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.

Featured Article: Quantitative Easing

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

Receive News & Ratings for Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit