Hartford Financial Services Group Inc (NYSE:HIG) Shares Sold by State Treasurer State of Michigan

State Treasurer State of Michigan lessened its stake in Hartford Financial Services Group Inc (NYSE:HIG) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,575 shares of the insurance provider’s stock after selling 6,000 shares during the period. State Treasurer State of Michigan’s holdings in Hartford Financial Services Group were worth $5,885,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HIG. First Manhattan Co. increased its position in shares of Hartford Financial Services Group by 103.2% in the 4th quarter. First Manhattan Co. now owns 1,969 shares of the insurance provider’s stock valued at $110,000 after buying an additional 1,000 shares in the last quarter. Cerebellum GP LLC acquired a new position in Hartford Financial Services Group in the 4th quarter worth $129,000. Wesbanco Bank Inc. acquired a new position in shares of Hartford Financial Services Group during the 3rd quarter worth about $206,000. Tdam USA Inc. acquired a new position in shares of Hartford Financial Services Group during the 3rd quarter worth about $208,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Hartford Financial Services Group during the 4th quarter worth about $233,000. Hedge funds and other institutional investors own 87.59% of the company’s stock.

A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Wells Fargo & Co set a $56.00 price target on shares of Hartford Financial Services Group and gave the company a “hold” rating in a report on Friday. B. Riley reissued a “neutral” rating on shares of Hartford Financial Services Group in a report on Monday, November 6th. Citigroup initiated coverage on shares of Hartford Financial Services Group in a report on Wednesday, December 20th. They set a “neutral” rating and a $59.00 target price on the stock. Finally, Credit Suisse Group raised shares of Hartford Financial Services Group from a “neutral” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Tuesday, December 19th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Hartford Financial Services Group has an average rating of “Buy” and a consensus price target of $59.00.

Hartford Financial Services Group Inc (NYSE:HIG) traded up $0.01 on Tuesday, reaching $53.51. 393,600 shares of the company’s stock traded hands, compared to its average volume of 2,440,889. Hartford Financial Services Group Inc has a 12-month low of $46.35 and a 12-month high of $59.20. The company has a current ratio of 0.27, a quick ratio of 0.40 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $19,260.06, a P/E ratio of -6.05, a P/E/G ratio of 1.30 and a beta of 0.93.

Hartford Financial Services Group (NYSE:HIG) last posted its earnings results on Thursday, February 8th. The insurance provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. Hartford Financial Services Group had a negative net margin of 16.79% and a positive return on equity of 7.89%. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. analysts forecast that Hartford Financial Services Group Inc will post 4.38 earnings per share for the current fiscal year.

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Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc is a holding company for insurance and financial services subsidiaries. The Company’s segments include Commercial Lines, which provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the United States; Personal Lines, which provides automobile, homeowners and personal umbrella coverages to individuals across the United States; Group Benefits, which provides group life, accident and disability coverage, and other products and services; Property & Casualty Other Operations, which includes certain property and casualty operations; Mutual Funds, which provides investment management, administration, product distribution and related services to investors; Talcott Resolution, which consists of the run-off of the Company’s the United States individual and institutional annuity, and Private Placement Life Insurance (PPLI) businesses, and Corporate.

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

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