Hartford Financial Services Group, Inc. (The) (HIG) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 169,460 shares of the insurance provider’s stock after selling 10,670 shares during the period. Public Employees Retirement System of Ohio’s holdings in Hartford Financial Services Group, Inc. (The) were worth $8,146,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. boosted its stake in shares of Hartford Financial Services Group, Inc. (The) by 85.8% in the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock worth $103,000 after buying an additional 1,000 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 2,293 shares of the insurance provider’s stock worth $106,000 after buying an additional 10 shares during the period. Hartford Financial Management Inc. boosted its stake in shares of Hartford Financial Services Group, Inc. (The) by 489.6% in the first quarter. Hartford Financial Management Inc. now owns 2,653 shares of the insurance provider’s stock worth $127,000 after buying an additional 2,203 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Hartford Financial Services Group, Inc. (The) during the first quarter worth approximately $163,000. Finally, Coconut Grove Bank boosted its stake in shares of Hartford Financial Services Group, Inc. (The) by 65.4% in the first quarter. Coconut Grove Bank now owns 3,440 shares of the insurance provider’s stock worth $165,000 after buying an additional 1,360 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hartford Financial Services Group, Inc. (HIG) traded up 3.59% during midday trading on Friday, hitting $54.82. 4,663,891 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $52.61 and its 200 day moving average price is $49.56. Hartford Financial Services Group, Inc. has a one year low of $38.92 and a one year high of $55.20. The firm has a market cap of $20.14 billion, a PE ratio of 22.29 and a beta of 0.93.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.10. The company had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a net margin of 5.12% and a return on equity of 7.48%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. Equities research analysts forecast that Hartford Financial Services Group, Inc. will post $4.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be issued a $0.23 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 1.68%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is 37.70%.

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A number of brokerages have recently commented on HIG. Credit Suisse Group set a $53.00 target price on shares of Hartford Financial Services Group, Inc. (The) and gave the company a “hold” rating in a research report on Saturday, April 1st. UBS AG reiterated a “buy” rating and issued a $58.00 target price (up from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a research report on Monday, June 26th. Wells Fargo & Company reiterated a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a research report on Friday. BidaskClub upgraded shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $58.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research report on Wednesday, June 28th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $54.25.

About Hartford Financial Services Group, Inc. (The)

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

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