Seven Bridges Advisors LLC reduced its position in shares of The Hartford Financial Services Group Inc. (NYSE:HIG) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 40,946 shares of the company’s stock after selling 1,188 shares during the period. The Hartford Financial Services Group accounts for approximately 1.6% of Seven Bridges Advisors LLC’s portfolio, making the stock its 13th largest position. Seven Bridges Advisors LLC’s holdings in The Hartford Financial Services Group were worth $1,817,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Stratos Wealth Partners LTD. boosted its stake in shares of The Hartford Financial Services Group by 1.2% in the first quarter. Stratos Wealth Partners LTD. now owns 4,961 shares of the company’s stock worth $229,000 after buying an additional 57 shares during the period. YHB Investment Advisors Inc. acquired a new stake in shares of The Hartford Financial Services Group during the second quarter worth approximately $230,000. Acadian Asset Management LLC boosted its stake in shares of The Hartford Financial Services Group by 170.5% in the first quarter. Acadian Asset Management LLC now owns 5,488 shares of the company’s stock worth $253,000 after buying an additional 3,459 shares during the period. Vigilant Capital Management LLC boosted its stake in shares of The Hartford Financial Services Group by 3.0% in the second quarter. Vigilant Capital Management LLC now owns 6,180 shares of the company’s stock worth $274,000 after buying an additional 180 shares during the period. Finally, Bremer Trust National Association boosted its stake in shares of The Hartford Financial Services Group by 18.4% in the second quarter. Bremer Trust National Association now owns 6,836 shares of the company’s stock worth $303,000 after buying an additional 1,060 shares during the period. Institutional investors and hedge funds own 89.94% of the company’s stock.

Shares of The Hartford Financial Services Group Inc. (NYSE:HIG) traded up 0.57% on Monday, reaching $42.04. 3,699,449 shares of the company’s stock traded hands. The stock has a market capitalization of $16.23 billion, a price-to-earnings ratio of 12.89 and a beta of 1.44. The stock’s 50-day moving average price is $40.69 and its 200-day moving average price is $43.54. The Hartford Financial Services Group Inc. has a 52 week low of $36.54 and a 52 week high of $49.41.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.80 by $0.49. The Hartford Financial Services Group had a return on equity of 7.27% and a net margin of 7.39%. The business earned $1.88 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The Hartford Financial Services Group’s quarterly revenue was down .2% on a year-over-year basis. Equities analysts predict that The Hartford Financial Services Group Inc. will post $3.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 1st will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.84 annualized dividend and a dividend yield of 2.00%. The Hartford Financial Services Group’s dividend payout ratio is presently 25.93%.

A number of equities research analysts have recently commented on HIG shares. FBR & Co reiterated a “buy” rating on shares of The Hartford Financial Services Group in a research report on Friday, July 29th. Credit Suisse Group AG reiterated a “buy” rating on shares of The Hartford Financial Services Group in a research report on Monday, June 13th. MKM Partners reduced their target price on shares of The Hartford Financial Services Group from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Mizuho increased their target price on shares of The Hartford Financial Services Group from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Finally, Evercore ISI began coverage on shares of The Hartford Financial Services Group in a research report on Wednesday, July 6th. They issued a “hold” rating and a $47.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $47.85.

In related news, Director H Patrick Swygert sold 7,500 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $40.35, for a total value of $302,625.00. Following the sale, the director now directly owns 34,745 shares in the company, valued at approximately $1,401,960.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.23% of the stock is currently owned by corporate insiders.

The Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc is a holding company. The Company operates through six segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

5 Day Chart for NYSE:HIG

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