Dynamic Technology Lab Private Ltd purchased a new position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,353 shares of the insurance provider’s stock, valued at approximately $796,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Hartford Financial Services Group, Inc. (The) by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 36,517,346 shares of the insurance provider’s stock worth $1,919,716,000 after acquiring an additional 158,023 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Hartford Financial Services Group, Inc. (The) by 10.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock worth $1,580,827,000 after acquiring an additional 2,730,796 shares during the period. Bank of New York Mellon Corp increased its position in shares of Hartford Financial Services Group, Inc. (The) by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,528,791 shares of the insurance provider’s stock worth $395,789,000 after purchasing an additional 53,677 shares during the last quarter. FMR LLC increased its position in shares of Hartford Financial Services Group, Inc. (The) by 22.2% during the 2nd quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock worth $372,144,000 after purchasing an additional 1,284,664 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in shares of Hartford Financial Services Group, Inc. (The) by 0.3% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 6,161,222 shares of the insurance provider’s stock worth $323,895,000 after purchasing an additional 21,037 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

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Shares of Hartford Financial Services Group, Inc. (HIG) traded down $0.31 during trading hours on Friday, hitting $55.78. The company had a trading volume of 1,129,100 shares, compared to its average volume of 2,354,142. The firm has a market cap of $19,897.77, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 1.62 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.28. Hartford Financial Services Group, Inc. has a 1 year low of $46.35 and a 1 year high of $57.16.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.68 billion. Hartford Financial Services Group, Inc. (The) had a return on equity of 8.21% and a net margin of 2.63%. Hartford Financial Services Group, Inc. (The)’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS. sell-side analysts expect that Hartford Financial Services Group, Inc. will post 3.63 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be given a $0.25 dividend. This is an increase from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, November 30th. Hartford Financial Services Group, Inc. (The)’s payout ratio is currently 70.23%.

HIG has been the subject of a number of recent analyst reports. Wells Fargo & Company reissued a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a research report on Friday, July 28th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $58.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a research report on Sunday, July 30th. Zacks Investment Research raised Hartford Financial Services Group, Inc. (The) from a “sell” rating to a “hold” rating and set a $62.00 price objective for the company in a research report on Monday, July 31st. Deutsche Bank AG reissued a “buy” rating and set a $61.00 price objective (up from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, August 1st. Finally, Barclays PLC raised their price objective on Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $57.42.

Hartford Financial Services Group, Inc. (The) Profile

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

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