8,885 Shares in Hartford Financial Services Group Inc (NYSE:HIG) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in Hartford Financial Services Group Inc (NYSE:HIG) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,885 shares of the insurance provider’s stock, valued at approximately $492,000.

Other hedge funds also recently made changes to their positions in the company. First Allied Advisory Services Inc. raised its holdings in Hartford Financial Services Group by 0.5% in the second quarter. First Allied Advisory Services Inc. now owns 12,501 shares of the insurance provider’s stock worth $659,000 after purchasing an additional 58 shares in the last quarter. Scotia Capital Inc. raised its holdings in Hartford Financial Services Group by 0.3% in the second quarter. Scotia Capital Inc. now owns 33,319 shares of the insurance provider’s stock worth $1,751,000 after purchasing an additional 102 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Hartford Financial Services Group by 3.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,166 shares of the insurance provider’s stock worth $219,000 after purchasing an additional 127 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Hartford Financial Services Group by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 58,257 shares of the insurance provider’s stock worth $3,065,000 after purchasing an additional 149 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in Hartford Financial Services Group by 8.7% in the second quarter. Blair William & Co. IL now owns 5,018 shares of the insurance provider’s stock worth $264,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Shares of Hartford Financial Services Group Inc (HIG) opened at $55.04 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $19,630.00, a price-to-earnings ratio of 42.02, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. Hartford Financial Services Group Inc has a 1 year low of $46.35 and a 1 year high of $58.61.

Hartford Financial Services Group (NYSE:HIG) last issued its earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.03. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.68 billion. Hartford Financial Services Group had a return on equity of 8.21% and a net margin of 2.63%. Hartford Financial Services Group’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 EPS. equities research analysts predict that Hartford Financial Services Group Inc will post 3.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.82%. This is a positive change from Hartford Financial Services Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, November 30th. Hartford Financial Services Group’s payout ratio is presently 76.34%.

A number of research firms have recently commented on HIG. Zacks Investment Research raised Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Thursday, September 14th. Wells Fargo & Co set a $55.00 target price on Hartford Financial Services Group and gave the stock a “hold” rating in a research note on Thursday, November 16th. UBS Group increased their price objective on Hartford Financial Services Group from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Citigroup assumed coverage on Hartford Financial Services Group in a research report on Wednesday, December 20th. They set a “neutral” rating and a $59.00 price objective on the stock. Finally, B. Riley reaffirmed a “neutral” rating on shares of Hartford Financial Services Group in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $58.92.

TRADEMARK VIOLATION NOTICE: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/11/gsa-capital-partners-llp-acquires-new-position-in-hartford-financial-services-group-inc-hig.html.

Hartford Financial Services Group Company Profile

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

Receive News & Ratings for Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply