Ajo LP decreased its position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 99.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,677 shares of the insurance provider’s stock after selling 2,331,353 shares during the period. Ajo LP’s holdings in Hartford Financial Services Group, Inc. (The) were worth $456,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its position in Hartford Financial Services Group, Inc. (The) by 85.8% during the 1st quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock worth $103,000 after acquiring an additional 1,000 shares during the last quarter. Dupont Capital Management Corp acquired a new position in Hartford Financial Services Group, Inc. (The) during the 2nd quarter worth $119,000. Hartford Financial Management Inc. lifted its position 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 worth $147,000 after acquiring an additional 150 shares during the last quarter. Ledyard National Bank lifted its position 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 worth $176,000 after acquiring an additional 2,100 shares during the last quarter. Finally, HM Capital Management LLC acquired a new position in Hartford Financial Services Group, Inc. (The) during the 2nd quarter worth $205,000. 88.23% of the stock is owned by hedge funds and other institutional investors.

Hartford Financial Services Group, Inc. (HIG) opened at 54.35 on Friday. The firm has a market cap of $19.80 billion, a price-to-earnings ratio of 29.83 and a beta of 0.92. Hartford Financial Services Group, Inc. has a 12 month low of $42.10 and a 12 month high of $57.16. The stock’s 50 day moving average is $54.81 and its 200-day moving average is $51.29.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.10. The company had revenue of $4.77 billion during 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%. Hartford Financial Services Group, Inc. (The)’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. On average, analysts anticipate that Hartford Financial Services Group, Inc. will post $4.20 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is presently 51.40%.

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A number of research firms have weighed in on HIG. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, July 4th. ValuEngine raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Deutsche Bank AG began coverage on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, June 6th. They set a “buy” rating and a $60.00 target price for the company. BidaskClub raised shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Finally, Barclays PLC boosted their target price on shares of Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $56.91.

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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