Hartford Financial Services Group Inc (HIG) Position Lowered by LPL Financial LLC

LPL Financial LLC lessened its position in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 37.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,897 shares of the insurance provider’s stock after selling 9,052 shares during the quarter. LPL Financial LLC’s holdings in Hartford Financial Services Group were worth $744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFM Investors Pty Ltd increased its stake in Hartford Financial Services Group by 14.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 18,781 shares of the insurance provider’s stock valued at $938,000 after purchasing an additional 2,384 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Hartford Financial Services Group by 14.2% in the 2nd quarter. California Public Employees Retirement System now owns 1,330,087 shares of the insurance provider’s stock valued at $68,007,000 after acquiring an additional 164,973 shares during the last quarter. Lourd Capital LLC purchased a new stake in shares of Hartford Financial Services Group in the 3rd quarter valued at $285,000. GSA Capital Partners LLP boosted its holdings in shares of Hartford Financial Services Group by 85.9% in the 3rd quarter. GSA Capital Partners LLP now owns 95,348 shares of the insurance provider’s stock valued at $4,764,000 after acquiring an additional 44,051 shares during the last quarter. Finally, ING Groep NV boosted its holdings in shares of Hartford Financial Services Group by 12.3% in the 3rd quarter. ING Groep NV now owns 43,081 shares of the insurance provider’s stock valued at $2,152,000 after acquiring an additional 4,733 shares during the last quarter. Hedge funds and other institutional investors own 89.26% of the company’s stock.

In other news, CEO Christopher Swift purchased 11,423 shares of the stock in a transaction that occurred on Thursday, January 10th. The shares were purchased at an average cost of $43.73 per share, with a total value of $499,527.79. Following the completion of the acquisition, the chief executive officer now owns 135,389 shares of the company’s stock, valued at approximately $5,920,560.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julie Richardson purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, December 11th. The shares were purchased at an average cost of $41.44 per share, for a total transaction of $207,200.00. Following the completion of the acquisition, the director now directly owns 17,213 shares of the company’s stock, valued at approximately $713,306.72. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.

Several analysts have recently commented on the stock. Bank of America raised shares of Hartford Financial Services Group from a “neutral” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Tuesday, October 9th. They noted that the move was a valuation call. B. Riley raised shares of Hartford Financial Services Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $60.00 in a report on Monday, September 24th. Langen Mcalenn raised shares of Hartford Financial Services Group from a “neutral” rating to a “buy” rating in a report on Tuesday, December 4th. Wells Fargo & Co set a $53.00 price objective on shares of Hartford Financial Services Group and gave the company a “hold” rating in a report on Wednesday, December 5th. Finally, Royal Bank of Canada dropped their price objective on shares of Hartford Financial Services Group to $58.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $56.83.

Shares of NYSE HIG opened at $44.46 on Friday. Hartford Financial Services Group Inc has a 1 year low of $40.54 and a 1 year high of $59.20. The firm has a market cap of $15.70 billion, a P/E ratio of 16.23, a PEG ratio of 0.92 and a beta of 0.77. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33.

Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, October 25th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.11. Hartford Financial Services Group had a negative net margin of 11.09% and a positive return on equity of 12.20%. The firm had revenue of $4.80 billion for the quarter. On average, research analysts anticipate that Hartford Financial Services Group Inc will post 4.18 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Friday, November 30th. Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 43.80%.

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Hartford Financial Services Group Company 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.

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

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