Schwab Charles Investment Management Inc. raised its holdings in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 20.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,599,579 shares of the insurance provider’s stock after purchasing an additional 273,474 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.45% of Hartford Financial Services Group worth $88,665,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Dupont Capital Management Corp purchased a new stake in Hartford Financial Services Group during the 2nd quarter valued at $119,000. Sun Life Financial INC boosted its stake in Hartford Financial Services Group by 26,810.0% during the 2nd quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after purchasing an additional 2,681 shares during the last quarter. Howard Hughes Medical Institute purchased a new stake in Hartford Financial Services Group during the 2nd quarter valued at $148,000. Wesbanco Bank Inc. purchased a new stake in Hartford Financial Services Group during the 3rd quarter valued at $206,000. Finally, Bahl & Gaynor Inc. purchased a new stake in Hartford Financial Services Group during the 2nd quarter valued at $207,000. Institutional investors and hedge funds own 88.61% of the company’s stock.

A number of research firms have recently issued reports on HIG. Barclays raised their price target on Hartford Financial Services Group from $59.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. BidaskClub upgraded Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. B. Riley restated a “neutral” rating on shares of Hartford Financial Services Group in a research note on Monday, November 6th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $60.00 price target on shares of Hartford Financial Services Group in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $57.42.

Hartford Financial Services Group Inc (NYSE HIG) opened at $57.43 on Friday. The stock has a market capitalization of $20,489.92, a price-to-earnings ratio of 15.44, a PEG ratio of 1.67 and a beta of 0.98. Hartford Financial Services Group Inc has a 52 week low of $46.35 and a 52 week high of $58.16. 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 (NYSE:HIG) last announced its earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. Hartford Financial Services Group had a return on equity of 8.21% and a net margin of 2.63%. The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period last year, the firm earned $1.06 EPS. Hartford Financial Services Group’s revenue for the quarter was down .7% compared to the same quarter last year. research analysts predict that Hartford Financial Services Group Inc will post 3.63 earnings per share for the current 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 issued a $0.25 dividend. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, November 30th. Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 76.34%.

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About Hartford Financial Services Group

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

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