Bellwether Investment Group LLC bought a new position in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) during the second quarter, according to its most recent filing with the SEC. The firm bought 6,308 shares of the insurance provider’s stock, valued at approximately $332,000. Hartford Financial Services Group, Inc. (The) comprises 1.5% of Bellwether Investment Group LLC’s portfolio, making the stock its 23rd largest position.

Other institutional investors also recently made changes to their positions in the company. Westside Investment Management Inc. raised its position in shares of Hartford Financial Services Group, Inc. (The) by 85.8% in the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock worth $103,000 after buying an additional 1,000 shares during the last quarter. Dupont Capital Management Corp bought a new position in shares of Hartford Financial Services Group, Inc. (The) during the second quarter worth $119,000. Hartford Financial Management Inc. raised its position in shares of Hartford Financial Services Group, Inc. (The) by 5.7% in the second quarter. Hartford Financial Management Inc. now owns 2,803 shares of the insurance provider’s stock worth $147,000 after buying an additional 150 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Hartford Financial Services Group, Inc. (The) during the first quarter worth $163,000. Finally, North Star Investment Management Corp. raised its position in shares of Hartford Financial Services Group, Inc. (The) by 41.4% in the first quarter. North Star Investment Management Corp. now owns 3,535 shares of the insurance provider’s stock worth $170,000 after buying an additional 1,035 shares during the last quarter. 88.25% of the stock is owned by hedge funds and other institutional investors.

Hartford Financial Services Group, Inc. (NYSE:HIG) opened at 54.13 on Tuesday. The stock’s 50 day moving average is $54.73 and its 200-day moving average is $50.66. The firm has a market capitalization of $19.72 billion, a P/E ratio of 29.71 and a beta of 0.93. Hartford Financial Services Group, Inc. has a 1-year low of $39.68 and a 1-year high of $57.16. Hartford Financial Services Group, Inc. (The) also saw some unusual options trading activity on Monday. Investors bought 8,941 put options on the stock. This is an increase of 766% compared to the average volume of 1,033 put options.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The company had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the firm posted $0.31 EPS. Hartford Financial Services Group, Inc. (The)’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts forecast that Hartford Financial Services Group, Inc. will post $4.26 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is 51.40%.

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A number of equities analysts recently weighed in on HIG shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $54.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research note on Wednesday, July 12th. BidaskClub lowered shares of Hartford Financial Services Group, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $58.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday, June 28th. Finally, UBS AG reaffirmed a “buy” rating and issued a $58.00 target price (up from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday, June 26th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $56.30.

Hartford Financial Services Group, Inc. (The) Company Profile

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Institutional Ownership by Quarter for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

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