Envestnet Asset Management Inc. lessened its holdings in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 30.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,903 shares of the insurance provider’s stock after selling 19,938 shares during the period. Envestnet Asset Management Inc.’s holdings in Hartford Financial Services Group were worth $2,539,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Andra AP fonden grew its stake in Hartford Financial Services Group by 1.6% during the 2nd quarter. Andra AP fonden now owns 113,300 shares of the insurance provider’s stock valued at $5,956,000 after acquiring an additional 1,800 shares in the last quarter. PGGM Investments grew its stake in Hartford Financial Services Group by 195.7% during the 3rd quarter. PGGM Investments now owns 752,785 shares of the insurance provider’s stock valued at $41,727,000 after acquiring an additional 498,249 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in Hartford Financial Services Group during the 2nd quarter valued at about $30,080,000. Carret Asset Management LLC grew its stake in Hartford Financial Services Group by 20.8% during the 2nd quarter. Carret Asset Management LLC now owns 82,380 shares of the insurance provider’s stock valued at $4,331,000 after acquiring an additional 14,188 shares in the last quarter. Finally, Bellwether Investment Group LLC purchased a new stake in Hartford Financial Services Group during the 2nd quarter valued at about $332,000. 88.62% of the stock is owned by institutional investors.

Hartford Financial Services Group Inc (NYSE HIG) opened at $55.55 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.28. The firm has a market cap of $19,986.95, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.65 and a beta of 0.98. Hartford Financial Services Group Inc has a fifty-two week low of $46.35 and a fifty-two week 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 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the previous year, the business posted $1.06 EPS. Hartford Financial Services Group’s revenue was down .7% on a year-over-year basis. equities research analysts predict that Hartford Financial Services Group Inc will post 3.57 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be issued a $0.25 dividend. This is a positive change from Hartford Financial Services Group’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Thursday, November 30th. Hartford Financial Services Group’s dividend payout ratio is currently 76.34%.

Several equities analysts have weighed in on HIG shares. Goldman Sachs Group started coverage on shares of Hartford Financial Services Group in a report on Monday, December 4th. They issued a “neutral” rating and a $59.00 target price on the stock. UBS boosted their target price on shares of Hartford Financial Services Group from $58.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Wells Fargo & Company set a $55.00 target price on shares of Hartford Financial Services Group and gave the company a “hold” rating in a report on Thursday, November 16th. Zacks Investment Research upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Thursday, September 14th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $60.00 target price on shares of Hartford Financial Services Group in a report on Tuesday, October 3rd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Hartford Financial Services Group presently has a consensus rating of “Buy” and a consensus price target of $57.75.

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Hartford Financial Services Group Profile

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

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