LMR Partners LLP increased its position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 308.9% during the second quarter, Holdings Channel reports. The institutional investor owned 49,165 shares of the insurance provider’s stock after buying an additional 37,140 shares during the period. LMR Partners LLP’s holdings in Hartford Financial Services Group, Inc. (The) were worth $2,585,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Westside Investment Management Inc. raised its stake in shares of Hartford Financial Services Group, Inc. (The) by 85.8% in the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock worth $103,000 after buying an additional 1,000 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Hartford Financial Services Group, Inc. (The) during the second quarter worth $119,000. Hartford Financial Management Inc. raised its stake in shares of Hartford Financial Services Group, Inc. (The) by 489.6% in the first quarter. Hartford Financial Management Inc. now owns 2,653 shares of the insurance provider’s stock worth $127,000 after buying an additional 2,203 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Hartford Financial Services Group, Inc. (The) during the first quarter worth $163,000. Finally, Coconut Grove Bank raised its stake in shares of Hartford Financial Services Group, Inc. (The) by 65.4% in the first quarter. Coconut Grove Bank now owns 3,440 shares of the insurance provider’s stock worth $165,000 after buying an additional 1,360 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Shares of Hartford Financial Services Group, Inc. (NYSE HIG) opened at 56.81 on Wednesday. Hartford Financial Services Group, Inc. has a 1-year low of $39.68 and a 1-year high of $56.99. The company has a market capitalization of $20.70 billion, a P/E ratio of 31.18 and a beta of 0.93. The firm has a 50-day moving average of $54.15 and a 200 day moving average of $50.27.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The business had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the business earned $0.31 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts expect that Hartford Financial Services Group, Inc. will post $4.26 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be issued a $0.23 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.92 annualized dividend and a yield of 1.62%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is presently 51.40%.

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Several research firms have recently issued reports on HIG. BidaskClub raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays PLC raised their price target on shares of Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Deutsche Bank AG reaffirmed a “buy” rating and set a $61.00 price target (up previously from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $58.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research note on Sunday, July 30th. Finally, Zacks Investment Research raised shares of Hartford Financial Services Group, Inc. (The) from a “sell” rating to a “hold” rating and set a $62.00 price target for the company in a research note on Monday, July 31st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $56.30.

About Hartford Financial Services Group, Inc. (The)

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

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