Trexquant Investment LP decreased its stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,207 shares of the insurance provider’s stock after selling 4,158 shares during the period. Trexquant Investment LP’s holdings in Hartford Financial Services Group were worth $3,487,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HIG. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Hartford Financial Services Group by 8,566.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,080 shares of the insurance provider’s stock worth $106,000 after purchasing an additional 2,056 shares during the last quarter. First Mercantile Trust Co. acquired a new position in shares of Hartford Financial Services Group in the 2nd quarter worth approximately $133,000. BTIM Corp. acquired a new position in shares of Hartford Financial Services Group in the 2nd quarter worth approximately $211,000. Piedmont Investment Advisors LLC acquired a new position in shares of Hartford Financial Services Group in the 2nd quarter worth approximately $215,000. Finally, Dupont Capital Management Corp grew its stake in shares of Hartford Financial Services Group by 52.2% in the 2nd quarter. Dupont Capital Management Corp now owns 4,200 shares of the insurance provider’s stock worth $215,000 after purchasing an additional 1,441 shares during the last quarter. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

In other Hartford Financial Services Group news, insider Brion S. Johnson sold 11,568 shares of the firm’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $53.60, for a total value of $620,044.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brion S. Johnson sold 11,569 shares of the firm’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $51.91, for a total transaction of $600,546.79. Following the completion of the transaction, the insider now owns 61,445 shares of the company’s stock, valued at $3,189,609.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,438 shares of company stock valued at $2,605,412. Corporate insiders own 1.50% of the company’s stock.

Several brokerages have recently issued reports on HIG. B. Riley lifted their price objective on shares of Hartford Financial Services Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Credit Suisse Group began coverage on shares of Hartford Financial Services Group in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $57.00 price objective on the stock. Zacks Investment Research cut shares of Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. ValuEngine cut shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, TheStreet raised shares of Hartford Financial Services Group from a “c” rating to a “b” rating in a research note on Thursday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $59.00.

Shares of HIG opened at $51.96 on Friday. Hartford Financial Services Group Inc has a 12-month low of $49.67 and a 12-month high of $59.20. The company has a market capitalization of $18.52 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.29 and a current ratio of 0.29.

Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Thursday, July 26th. The insurance provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.02 by $0.11. Hartford Financial Services Group had a negative net margin of 12.24% and a positive return on equity of 9.84%. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same period last year, the company posted $0.81 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. research analysts forecast that Hartford Financial Services Group Inc will post 4.7 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Tuesday, September 4th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.31%. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, August 31st. Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 36.50%.

Hartford Financial Services Group Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

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

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