Hartford Financial Services Group, Inc. (The) (NYSE:HIG) was the target of unusually large options trading activity on Wednesday. Stock traders bought 4,009 put options on the company. This is an increase of approximately 748% compared to the typical volume of 473 put options.

Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) opened at $55.64 on Friday. Hartford Financial Services Group, Inc. has a 1-year low of $46.35 and a 1-year high of $57.16. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. The company has a market cap of $19,897.77, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.62 and a beta of 0.98.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.03. Hartford Financial Services Group, Inc. (The) had a net margin of 2.63% and a return on equity of 8.21%. The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same period in the prior year, the business posted $1.06 EPS. The firm’s revenue was down .7% compared to the same quarter last year. equities analysts anticipate that Hartford Financial Services Group, Inc. will post 3.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.80%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is 70.23%.

A number of hedge funds and other institutional investors have recently modified their holdings of HIG. Janus Henderson Group PLC raised its holdings in Hartford Financial Services Group, Inc. (The) by 5,984.5% in the 2nd quarter. Janus Henderson Group PLC now owns 3,181,908 shares of the insurance provider’s stock worth $167,272,000 after purchasing an additional 3,129,613 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Hartford Financial Services Group, Inc. (The) by 10.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock worth $1,580,827,000 after purchasing an additional 2,730,796 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Hartford Financial Services Group, Inc. (The) by 226.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,921,539 shares of the insurance provider’s stock worth $106,511,000 after purchasing an additional 1,333,127 shares in the last quarter. FMR LLC raised its holdings in Hartford Financial Services Group, Inc. (The) by 22.2% in the 2nd quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock worth $372,144,000 after purchasing an additional 1,284,664 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in Hartford Financial Services Group, Inc. (The) by 31.7% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,202,001 shares of the insurance provider’s stock worth $232,917,000 after purchasing an additional 1,012,591 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

A number of research firms have commented on HIG. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $60.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research note on Thursday, August 31st. Zacks Investment Research cut 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 boosted their price target 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 note on Friday, August 11th. Wells Fargo & Company reaffirmed 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 cut 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $57.42.

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About Hartford Financial Services Group, Inc. (The)

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