Rampart Investment Management Company LLC Buys 3,798 Shares of Hartford Financial Services Group Inc (HIG)

Rampart Investment Management Company LLC boosted its stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 104.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,427 shares of the insurance provider’s stock after purchasing an additional 3,798 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Hartford Financial Services Group were worth $179,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. boosted its holdings in Hartford Financial Services Group by 24.7% in the third quarter. Franklin Resources Inc. now owns 16,176,288 shares of the insurance provider’s stock worth $808,166,000 after acquiring an additional 3,207,962 shares in the last quarter. FMR LLC boosted its holdings in Hartford Financial Services Group by 1.8% in the second quarter. FMR LLC now owns 10,496,071 shares of the insurance provider’s stock worth $536,664,000 after acquiring an additional 184,389 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Hartford Financial Services Group by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 6,684,831 shares of the insurance provider’s stock worth $333,975,000 after acquiring an additional 189,017 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hartford Financial Services Group by 8.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,543,885 shares of the insurance provider’s stock worth $227,000,000 after acquiring an additional 335,433 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in Hartford Financial Services Group by 29.8% in the third quarter. Diamond Hill Capital Management Inc. now owns 3,856,174 shares of the insurance provider’s stock worth $192,654,000 after acquiring an additional 885,619 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Hartford Financial Services Group stock opened at $41.27 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.29 and a quick ratio of 0.29. Hartford Financial Services Group Inc has a 52 week low of $40.59 and a 52 week high of $59.20. The stock has a market cap of $14.80 billion, a P/E ratio of 15.06, a PEG ratio of 0.98 and a beta of 0.92.

Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, October 25th. The insurance provider reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.11. Hartford Financial Services Group had a positive return on equity of 12.20% and a negative net margin of 11.09%. The firm had revenue of $4.80 billion during the quarter. On average, equities analysts anticipate that Hartford Financial Services Group Inc will post 4.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, November 30th. Hartford Financial Services Group’s dividend payout ratio (DPR) is 43.80%.

In related news, EVP David C. Robinson sold 2,395 shares of Hartford Financial Services Group stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $45.62, for a total transaction of $109,259.90. Following the completion of the sale, the executive vice president now owns 19,003 shares of the company’s stock, valued at $866,916.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Julie Richardson bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The shares were purchased at an average cost of $41.44 per share, with a total value of $207,200.00. Following the acquisition, the director now directly owns 17,213 shares of the company’s stock, valued at $713,306.72. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

HIG has been the subject of several recent analyst reports. Zacks Investment Research downgraded Hartford Financial Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 5th. Buckingham Research set a $58.00 price target on Hartford Financial Services Group and gave the stock a “buy” rating in a report on Monday, October 29th. Credit Suisse Group set a $56.00 price target on Hartford Financial Services Group and gave the stock a “hold” rating in a report on Wednesday, November 14th. Janney Montgomery Scott raised Hartford Financial Services Group from a “neutral” rating to a “buy” rating in a report on Tuesday, December 4th. Finally, Wells Fargo & Co set a $53.00 price target on Hartford Financial Services Group and gave the stock a “hold” rating in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $56.83.

WARNING: “Rampart Investment Management Company LLC Buys 3,798 Shares of Hartford Financial Services Group Inc (HIG)” was first posted by WKRB News and is the property of of WKRB News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.wkrb13.com/2018/12/16/rampart-investment-management-company-llc-buys-3798-shares-of-hartford-financial-services-group-inc-hig.html.

Hartford Financial Services Group Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

Featured Article: How to use beta for portfolio diversification

Institutional Ownership by Quarter for Hartford Financial Services Group (NYSE:HIG)

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

Leave a Reply