Oppenheimer & Co. Inc. lowered its position in The Hartford Financial Services Group Inc. (NYSE:HIG) by 34.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,042 shares of the company’s stock after selling 4,692 shares during the period. Oppenheimer & Co. Inc.’s holdings in The Hartford Financial Services Group were worth $402,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Ropes Wealth Advisors LLC acquired a new position in The Hartford Financial Services Group during the second quarter worth $608,000. Norinchukin Bank The boosted its position in The Hartford Financial Services Group by 0.6% in the second quarter. Norinchukin Bank The now owns 41,003 shares of the company’s stock worth $1,820,000 after buying an additional 230 shares in the last quarter. Pax World Management LLC acquired a new position in The Hartford Financial Services Group during the second quarter worth $8,099,000. Gyroscope Capital Management Group LLC boosted its position in The Hartford Financial Services Group by 0.8% in the second quarter. Gyroscope Capital Management Group LLC now owns 14,031 shares of the company’s stock worth $623,000 after buying an additional 107 shares in the last quarter. Finally, Moors & Cabot Inc. acquired a new position in The Hartford Financial Services Group during the second quarter worth $494,000. 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% during midday trading on Monday, hitting $42.04. The stock had a trading volume of 3,698,781 shares. The company has a market cap of $16.23 billion, a P/E ratio of 12.89 and a beta of 1.44. The stock has a 50 day moving average of $40.81 and a 200-day moving average of $43.57. The Hartford Financial Services Group Inc. has a one year low of $36.54 and a one year high of $49.41.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.49. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $4.71 billion. The Hartford Financial Services Group had a return on equity of 7.27% and a net margin of 7.39%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. Analysts forecast that The Hartford Financial Services Group Inc. will post $3.27 EPS for the current fiscal year.

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

A number of equities analysts have recently weighed in on the company. Credit Suisse Group AG set a $51.00 price target on The Hartford Financial Services Group and gave the stock a “buy” rating in a report on Monday, September 12th. Mizuho increased their price target on The Hartford Financial Services Group from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Atlantic Securities restated a “neutral” rating on shares of The Hartford Financial Services Group in a report on Wednesday, August 10th. FBR & Co lowered their target price on The Hartford Financial Services Group from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, August 10th. Finally, Keefe, Bruyette & Woods lowered their target price on The Hartford Financial Services Group from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, August 1st. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $47.85.

In other The Hartford Financial Services Group news, Director H Patrick Swygert sold 7,500 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $40.35, for a total transaction of $302,625.00. Following the completion of the sale, the director now directly owns 34,745 shares in the company, valued at $1,401,960.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.23% of the company’s stock.

About The Hartford Financial Services Group

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.

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