First Allied Advisory Services Inc. raised its holdings in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,501 shares of the insurance provider’s stock after purchasing an additional 58 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Hartford Financial Services Group, Inc. (The) were worth $659,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Stifel Financial Corp lifted its position in Hartford Financial Services Group, Inc. (The) by 16.8% during the second quarter. Stifel Financial Corp now owns 68,626 shares of the insurance provider’s stock valued at $3,616,000 after purchasing an additional 9,849 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in Hartford Financial Services Group, Inc. (The) during the second quarter valued at $386,000. Ontario Teachers Pension Plan Board lifted its position in Hartford Financial Services Group, Inc. (The) by 21.8% during the second quarter. Ontario Teachers Pension Plan Board now owns 214,027 shares of the insurance provider’s stock valued at $11,251,000 after purchasing an additional 38,352 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Hartford Financial Services Group, Inc. (The) by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 5,688,545 shares of the insurance provider’s stock valued at $299,059,000 after purchasing an additional 64,113 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Hartford Financial Services Group, Inc. (The) during the second quarter valued at $12,307,000. Institutional investors and hedge funds own 88.23% of the company’s stock.

Shares of Hartford Financial Services Group, Inc. (NYSE HIG) opened at 55.68 on Thursday. Hartford Financial Services Group, Inc. has a 52 week low of $42.30 and a 52 week high of $57.16. The stock has a market cap of $20.28 billion, a P/E ratio of 30.56 and a beta of 0.91. The stock has a 50 day moving average of $54.50 and a 200 day moving average of $51.74.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.10. The firm had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. On average, analysts expect that Hartford Financial Services Group, Inc. will post $3.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 1st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 1.65%. Hartford Financial Services Group, Inc. (The)’s payout ratio is 51.40%.

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Several equities analysts have commented on HIG shares. UBS AG reiterated a “buy” rating and set a $58.00 price objective (up previously from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a research report on Monday, June 26th. Keefe, Bruyette & Woods reiterated 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. BidaskClub lowered shares of Hartford Financial Services Group, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research lowered shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $61.00 price objective (up previously from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $57.00.

About Hartford Financial Services Group, Inc. (The)

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

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