Hartford Financial Services Group Inc (HIG) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its position in Hartford Financial Services Group Inc (NYSE:HIG) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,349,563 shares of the insurance provider’s stock after selling 338,982 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.50% of Hartford Financial Services Group worth $296,515,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. grew its stake in Hartford Financial Services Group by 1.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,111 shares of the insurance provider’s stock valued at $216,000 after buying an additional 48 shares during the last quarter. First Allied Advisory Services Inc. grew its stake in Hartford Financial Services Group by 0.5% in the 2nd quarter. First Allied Advisory Services Inc. now owns 12,501 shares of the insurance provider’s stock valued at $659,000 after buying an additional 58 shares during the last quarter. Scotia Capital Inc. grew its stake in Hartford Financial Services Group by 0.3% in the 2nd quarter. Scotia Capital Inc. now owns 33,319 shares of the insurance provider’s stock valued at $1,751,000 after buying an additional 102 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Hartford Financial Services Group by 3.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,166 shares of the insurance provider’s stock valued at $219,000 after buying an additional 127 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Hartford Financial Services Group by 0.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 58,257 shares of the insurance provider’s stock valued at $3,065,000 after buying an additional 149 shares during the last quarter. Institutional investors and hedge funds own 88.62% of the company’s stock.

A number of research analysts recently issued reports on HIG shares. Goldman Sachs Group started coverage on shares of Hartford Financial Services Group in a research note on Monday, December 4th. They issued a “neutral” rating and a $59.00 target price on the stock. UBS raised their target price on shares of Hartford Financial Services Group from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. BidaskClub upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Wells Fargo & Company set a $55.00 price target on shares of Hartford Financial Services Group and gave the stock a “hold” rating in a research report on Thursday, November 16th. Finally, Zacks Investment Research upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Thursday, September 14th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Hartford Financial Services Group has a consensus rating of “Buy” and an average price target of $57.75.

Shares of Hartford Financial Services Group Inc (HIG) opened at $55.17 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.28. The stock has a market cap of $19,680.19, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.61 and a beta of 0.98. Hartford Financial Services Group Inc has a 12-month low of $46.35 and a 12-month high of $58.61.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.68 billion. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business posted $1.06 EPS. sell-side analysts predict that Hartford Financial Services Group Inc will post 3.57 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, November 30th. Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 76.34%.

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Hartford Financial Services Group Profile

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

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