Hartford Financial Services Group Inc (HIG) Stake Boosted by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV increased its stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,593 shares of the insurance provider’s stock after buying an additional 284 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Hartford Financial Services Group were worth $317,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HIG. Zurich Insurance Group Ltd FI acquired a new stake in shares of Hartford Financial Services Group during the fourth quarter valued at about $2,824,000. Wealth Enhancement Advisory Services LLC boosted its stake in Hartford Financial Services Group by 45.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 60,839 shares of the insurance provider’s stock valued at $2,898,000 after buying an additional 18,918 shares during the last quarter. World Asset Management Inc raised its position in shares of Hartford Financial Services Group by 0.4% in the third quarter. World Asset Management Inc now owns 40,274 shares of the insurance provider’s stock valued at $1,725,000 after buying an additional 142 shares during the last quarter. Cigna Investments Inc. New acquired a new position in shares of Hartford Financial Services Group during the fourth quarter valued at about $672,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Hartford Financial Services Group during the fourth quarter worth $5,956,000. Institutional investors own 89.59% of the company’s stock.

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

Shares of Hartford Financial Services Group Inc (NYSE:HIG) traded down 0.55% during trading on Friday, reaching $48.42. 2,267,168 shares of the company’s stock were exchanged. Hartford Financial Services Group Inc has a 12-month low of $38.92 and a 12-month high of $50.26. The company has a 50 day moving average of $48.40 and a 200 day moving average of $47.99. The stock has a market cap of $17.79 billion, a P/E ratio of 19.69 and a beta of 1.22.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, April 27th. The insurance provider reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.02 by $0.02. Hartford Financial Services Group had a return on equity of 7.40% and a net margin of 4.90%. The company had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the prior year, the firm posted $0.78 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that Hartford Financial Services Group Inc will post $4.17 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.89%. Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 41.26%.

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HIG has been the topic of a number of recent analyst reports. Credit Suisse Group AG reissued a “hold” rating and issued a $53.00 price objective on shares of Hartford Financial Services Group in a research note on Sunday, February 5th. FBR & Co reaffirmed a “hold” rating on shares of Hartford Financial Services Group in a report on Friday, February 3rd. Wells Fargo & Co reiterated a “hold” rating on shares of Hartford Financial Services Group in a research note on Tuesday, April 18th. Zacks Investment Research downgraded Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. Finally, JPMorgan Chase & Co. lowered their price objective on Hartford Financial Services Group from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $50.36.

In other Hartford Financial Services Group news, Director Teresa Wynn Roseborough purchased 1,005 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were purchased at an average price of $49.72 per share, for a total transaction of $49,968.60. Following the completion of the acquisition, the director now owns 5,755 shares of the company’s stock, valued at approximately $286,138.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.23% of the stock is currently owned by corporate insiders.

Hartford Financial Services Group Company Profile

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