AIA Group Ltd Has $243,000 Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

AIA Group Ltd increased its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIGGet Rating) by 46.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,383 shares of the insurance provider’s stock after acquiring an additional 1,079 shares during the quarter. AIA Group Ltd’s holdings in The Hartford Financial Services Group were worth $243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC grew its holdings in The Hartford Financial Services Group by 4.0% in the 4th quarter. Nuveen Asset Management LLC now owns 2,435,271 shares of the insurance provider’s stock valued at $168,131,000 after buying an additional 94,622 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in The Hartford Financial Services Group by 2.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 6,725 shares of the insurance provider’s stock valued at $483,000 after buying an additional 162 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in The Hartford Financial Services Group in the 4th quarter valued at $1,464,000. HHM Wealth Advisors LLC acquired a new position in The Hartford Financial Services Group in the 1st quarter valued at $73,000. Finally, WINTON GROUP Ltd grew its holdings in The Hartford Financial Services Group by 104.7% in the 4th quarter. WINTON GROUP Ltd now owns 20,842 shares of the insurance provider’s stock valued at $1,439,000 after buying an additional 10,660 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

The Hartford Financial Services Group Price Performance

The Hartford Financial Services Group stock opened at $64.16 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $20.73 billion, a PE ratio of 10.55, a P/E/G ratio of 1.26 and a beta of 0.92. The Hartford Financial Services Group, Inc. has a 12 month low of $61.59 and a 12 month high of $78.17. The stock has a 50-day moving average price of $65.93 and a two-hundred day moving average price of $69.11.

The Hartford Financial Services Group (NYSE:HIGGet Rating) last posted its earnings results on Thursday, July 28th. The insurance provider reported $2.15 EPS for the quarter, beating the consensus estimate of $1.52 by $0.63. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $5.53 billion. The Hartford Financial Services Group had a return on equity of 15.03% and a net margin of 9.42%. During the same period last year, the company earned $2.33 earnings per share. Analysts expect that The Hartford Financial Services Group, Inc. will post 7.15 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Thursday, September 1st will be given a $0.385 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $1.54 annualized dividend and a yield of 2.40%. The Hartford Financial Services Group’s dividend payout ratio is presently 25.33%.

Analysts Set New Price Targets

HIG has been the topic of several analyst reports. Citigroup initiated coverage on The Hartford Financial Services Group in a report on Monday, May 23rd. They set a “buy” rating and a $81.00 target price on the stock. Morgan Stanley reduced their target price on The Hartford Financial Services Group from $77.00 to $73.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. Credit Suisse Group increased their target price on The Hartford Financial Services Group from $93.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, June 3rd. Jefferies Financial Group reduced their target price on The Hartford Financial Services Group from $77.00 to $72.00 and set a “hold” rating on the stock in a report on Tuesday, July 12th. Finally, Royal Bank of Canada reduced their target price on The Hartford Financial Services Group from $77.00 to $71.00 and set a “sector perform” rating on the stock in a report on Monday, August 1st. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Hartford Financial Services Group has an average rating of “Moderate Buy” and an average target price of $80.27.

The Hartford Financial Services Group Profile

(Get Rating)

The Hartford Financial Services Group, Inc provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

See Also

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

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