Sun Life Financial INC lifted its position in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 26,810.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,691 shares of the insurance provider’s stock after purchasing an additional 2,681 shares during the quarter. Sun Life Financial INC’s holdings in Hartford Financial Services Group, Inc. (The) were worth $141,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Westside Investment Management Inc. boosted its stake in Hartford Financial Services Group, Inc. (The) by 85.8% during the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock valued at $103,000 after buying an additional 1,000 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Hartford Financial Services Group, Inc. (The) during the 2nd quarter valued at approximately $119,000. Hartford Financial Management Inc. grew its holdings in Hartford Financial Services Group, Inc. (The) by 5.7% during the 2nd quarter. Hartford Financial Management Inc. now owns 2,803 shares of the insurance provider’s stock valued at $147,000 after buying an additional 150 shares in the last quarter. Howard Hughes Medical Institute purchased a new position in Hartford Financial Services Group, Inc. (The) during the 2nd quarter valued at approximately $148,000. Finally, Ledyard National Bank grew its holdings in Hartford Financial Services Group, Inc. (The) by 168.9% during the 2nd quarter. Ledyard National Bank now owns 3,343 shares of the insurance provider’s stock valued at $176,000 after buying an additional 2,100 shares in the last quarter. 88.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) traded up 0.02% on Wednesday, hitting $55.43. The company’s stock had a trading volume of 61,838 shares. The firm has a market cap of $20.19 billion, a price-to-earnings ratio of 30.42 and a beta of 0.91. Hartford Financial Services Group, Inc. has a one year low of $42.30 and a one year high of $57.16. The stock has a 50-day moving average price of $54.53 and a 200 day moving average price of $51.71.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Hartford Financial Services Group, Inc. (The)’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts predict that Hartford Financial Services Group, Inc. will post $3.65 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 1st were issued a $0.23 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.92 annualized dividend and a yield of 1.66%. Hartford Financial Services Group, Inc. (The)’s payout ratio is 51.40%.

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday. Zacks Investment Research lowered shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday. Buckingham Research started coverage on shares of Hartford Financial Services Group, Inc. (The) in a research report on Monday, September 11th. They issued a “buy” rating and a $63.00 price target on the stock. BidaskClub cut shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Barclays PLC upped 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $57.00.

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Hartford Financial Services Group, Inc. (The) Profile

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

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