Signature Estate & Investment Advisors LLC held its position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the insurance provider’s stock at the end of the 2nd quarter. Signature Estate & Investment Advisors LLC’s holdings in Hartford Financial Services Group, Inc. (The) were worth $158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Hartford Financial Services Group, Inc. (The) by 10.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock worth $1,580,827,000 after acquiring an additional 2,730,796 shares during the period. FMR LLC increased its holdings in Hartford Financial Services Group, Inc. (The) by 22.2% during the 2nd quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock worth $372,144,000 after acquiring an additional 1,284,664 shares during the period. Vanguard Group Inc. increased its holdings in Hartford Financial Services Group, Inc. (The) by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 36,359,323 shares of the insurance provider’s stock worth $1,747,791,000 after acquiring an additional 1,177,520 shares during the period. Point72 Asset Management L.P. bought a new stake in Hartford Financial Services Group, Inc. (The) during the 1st quarter worth approximately $42,367,000. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in Hartford Financial Services Group, Inc. (The) by 1,154.0% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 947,754 shares of the insurance provider’s stock worth $42,061,000 after acquiring an additional 872,174 shares during the period. 88.23% of the stock is currently owned by institutional investors.

Shares of Hartford Financial Services Group, Inc. (HIG) traded up 0.56% during midday trading on Friday, hitting $55.43. 1,315,562 shares of the stock were exchanged. Hartford Financial Services Group, Inc. has a 1-year low of $42.12 and a 1-year high of $57.16. The company has a market capitalization of $20.19 billion, a P/E ratio of 30.42 and a beta of 0.92. The firm has a 50-day moving average of $54.81 and a 200-day moving average of $51.29.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts expect that Hartford Financial Services Group, Inc. will post $4.20 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is presently 51.40%.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Buckingham Research assumed coverage on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, September 11th. They set a “buy” rating and a $63.00 target price on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $60.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a report on Thursday, August 31st. BidaskClub lowered shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, Barclays PLC upped 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 report on Friday, August 11th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Hartford Financial Services Group, Inc. (The) currently has an average rating of “Buy” and a consensus target price of $57.00.

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About Hartford Financial Services Group, Inc. (The)

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

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