Campbell & CO Investment Adviser LLC Acquires Shares of 12,910 Hartford Financial Services Group Inc (NYSE:HIG)

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,910 shares of the insurance provider’s stock, valued at approximately $476,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nachman Norwood & Parrott Inc acquired a new position in shares of Hartford Financial Services Group in the 3rd quarter worth $33,000. Orion Portfolio Solutions LLC grew its holdings in shares of Hartford Financial Services Group by 82.0% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 892 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 402 shares during the last quarter. Manchester Financial Inc. acquired a new position in shares of Hartford Financial Services Group in the 2nd quarter worth $35,000. Hall Laurie J Trustee acquired a new position in shares of Hartford Financial Services Group in the 3rd quarter worth $37,000. Finally, CENTRAL TRUST Co grew its holdings in shares of Hartford Financial Services Group by 58.3% in the 2nd quarter. CENTRAL TRUST Co now owns 1,630 shares of the insurance provider’s stock worth $63,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

In related news, CEO Christopher Swift purchased 6,975 shares of Hartford Financial Services Group stock in a transaction on Wednesday, September 23rd. The stock was bought at an average price of $35.98 per share, with a total value of $250,960.50. Following the completion of the transaction, the chief executive officer now directly owns 227,309 shares of the company’s stock, valued at $8,178,577.82. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by insiders.

A number of brokerages have recently weighed in on HIG. Royal Bank of Canada lifted their price target on Hartford Financial Services Group from $43.00 to $46.00 and gave the company a “sector perform” rating in a report on Monday, August 3rd. Credit Suisse Group lifted their price target on Hartford Financial Services Group from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Bank of America lowered their price target on Hartford Financial Services Group from $57.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, September 17th. Finally, Morgan Stanley lifted their price target on Hartford Financial Services Group from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Hartford Financial Services Group has a consensus rating of “Buy” and an average target price of $54.29.

Shares of NYSE HIG opened at $37.70 on Friday. The business’s 50-day moving average price is $38.48 and its two-hundred day moving average price is $38.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32. Hartford Financial Services Group Inc has a one year low of $19.04 and a one year high of $62.75. The company has a market capitalization of $13.50 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97.

Hartford Financial Services Group (NYSE:HIG) last issued its earnings results on Thursday, July 30th. The insurance provider reported $1.22 EPS for the quarter, meeting analysts’ consensus estimates of $1.22. Hartford Financial Services Group had a return on equity of 12.62% and a net margin of 8.80%. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.15 billion. On average, equities analysts anticipate that Hartford Financial Services Group Inc will post 4.68 EPS for the current year.

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. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.

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

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