Cipher Capital LP increased its position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 122.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,652 shares of the insurance provider’s stock after acquiring an additional 46,083 shares during the quarter. Cipher Capital LP’s holdings in Hartford Financial Services Group, Inc. (The) were worth $4,637,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new stake in shares of Hartford Financial Services Group, Inc. (The) during the second quarter valued at approximately $119,000. Sun Life Financial INC raised its holdings in shares of Hartford Financial Services Group, Inc. (The) by 26,810.0% during the second quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after acquiring an additional 2,681 shares during the period. Hartford Financial Management Inc. raised its holdings in shares of Hartford Financial Services Group, Inc. (The) by 5.7% during the second quarter. Hartford Financial Management Inc. now owns 2,803 shares of the insurance provider’s stock valued at $147,000 after acquiring an additional 150 shares during the period. Howard Hughes Medical Institute acquired a new stake in shares of Hartford Financial Services Group, Inc. (The) during the second quarter valued at approximately $148,000. Finally, HM Capital Management LLC acquired a new stake in shares of Hartford Financial Services Group, Inc. (The) during the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 90.32% of the company’s stock.

WARNING: “Hartford Financial Services Group, Inc. (The) (HIG) Stake Raised by Cipher Capital LP” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/hartford-financial-services-group-inc-the-hig-stake-raised-by-cipher-capital-lp/1712177.html.

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $60.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a report on Thursday, August 31st. Zacks Investment Research lowered shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Barclays PLC upped their price objective 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. Wells Fargo & Company reiterated a “hold” rating and issued a $55.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday, October 23rd. Finally, BidaskClub lowered shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $57.42.

Hartford Financial Services Group, Inc. (NYSE:HIG) traded up $0.13 during mid-day trading on Friday, reaching $56.14. 1,418,057 shares of the company’s stock traded hands, compared to its average volume of 2,364,844. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $20,020.00, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 1.61 and a beta of 0.98. Hartford Financial Services Group, Inc. has a 12 month low of $46.35 and a 12 month high of $57.16.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.68 billion. Hartford Financial Services Group, Inc. (The) had a net margin of 2.63% and a return on equity of 8.21%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 earnings per share. sell-side analysts expect that Hartford Financial Services Group, Inc. will post 3.67 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.78%. This is an increase from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, November 30th. Hartford Financial Services Group, Inc. (The)’s payout ratio is currently 70.23%.

About Hartford Financial Services Group, Inc. (The)

Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hartford Financial Services Group, Inc. (The) (NYSE:HIG).

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

Receive News & Ratings for Hartford Financial Services Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group Inc. (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.