Caxton Associates LP lowered its holdings in Hartford Financial Services Group Inc (NYSE:HIG) by 92.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,000 shares of the insurance provider’s stock after selling 148,900 shares during the period. Caxton Associates LP’s holdings in Hartford Financial Services Group were worth $665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Hartford Financial Services Group by 1.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,111 shares of the insurance provider’s stock valued at $216,000 after purchasing an additional 48 shares in the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of Hartford Financial Services Group by 0.5% in the second quarter. First Allied Advisory Services Inc. now owns 12,501 shares of the insurance provider’s stock valued at $659,000 after purchasing an additional 58 shares in the last quarter. Scotia Capital Inc. lifted its holdings in shares of Hartford Financial Services Group by 0.3% in the second quarter. Scotia Capital Inc. now owns 33,319 shares of the insurance provider’s stock valued at $1,751,000 after purchasing an additional 102 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Hartford Financial Services Group by 3.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,166 shares of the insurance provider’s stock valued at $219,000 after purchasing an additional 127 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Hartford Financial Services Group by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 58,257 shares of the insurance provider’s stock valued at $3,065,000 after purchasing an additional 149 shares in the last quarter. Institutional investors own 88.62% of the company’s stock.

Hartford Financial Services Group Inc (HIG) opened at $55.17 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. The company has a market cap of $19,680.17, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.63 and a beta of 0.98. Hartford Financial Services Group Inc has a 1 year low of $46.35 and a 1 year high of $58.61.

Hartford Financial Services Group (NYSE:HIG) last posted its earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.68 billion. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 earnings per share. equities analysts anticipate that Hartford Financial Services Group Inc will post 3.57 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.23. Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 76.34%.

A number of analysts have recently issued reports on HIG shares. BidaskClub lowered Hartford Financial Services Group from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Zacks Investment Research upgraded Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Thursday, September 14th. Wells Fargo & Company set a $55.00 target price on Hartford Financial Services Group and gave the company a “hold” rating in a report on Thursday, November 16th. UBS increased their target price on Hartford Financial Services Group from $60.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Barclays upped their price target on shares of Hartford Financial Services Group from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.75.

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Hartford Financial Services Group Profile

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

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