Clear Harbor Asset Management LLC Cuts Stake in Hartford Financial Services Group Inc (HIG)

Clear Harbor Asset Management LLC reduced its stake in Hartford Financial Services Group Inc (NYSE:HIG) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,830 shares of the insurance provider’s stock after selling 9,438 shares during the period. Hartford Financial Services Group accounts for about 1.8% of Clear Harbor Asset Management LLC’s holdings, making the stock its 11th biggest position. Clear Harbor Asset Management LLC’s holdings in Hartford Financial Services Group were worth $9,614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in HIG. PGGM Investments grew its position in shares of Hartford Financial Services Group by 195.7% during the third quarter. PGGM Investments now owns 752,785 shares of the insurance provider’s stock worth $41,727,000 after acquiring an additional 498,249 shares during the last quarter. Marathon Asset Management LLP grew its position in shares of Hartford Financial Services Group by 3.6% during the fourth quarter. Marathon Asset Management LLP now owns 965,265 shares of the insurance provider’s stock worth $54,552,000 after acquiring an additional 33,367 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Hartford Financial Services Group by 3.7% during the third quarter. California Public Employees Retirement System now owns 1,174,021 shares of the insurance provider’s stock worth $65,076,000 after acquiring an additional 42,330 shares during the last quarter. Carret Asset Management LLC grew its position in shares of Hartford Financial Services Group by 20.8% during the second quarter. Carret Asset Management LLC now owns 82,380 shares of the insurance provider’s stock worth $4,331,000 after acquiring an additional 14,188 shares during the last quarter. Finally, AMP Capital Investors Ltd grew its position in shares of Hartford Financial Services Group by 2.2% during the third quarter. AMP Capital Investors Ltd now owns 273,812 shares of the insurance provider’s stock worth $15,175,000 after acquiring an additional 5,830 shares during the last quarter. Institutional investors own 87.59% of the company’s stock.

Hartford Financial Services Group Inc (NYSE HIG) traded up $0.56 during trading on Wednesday, reaching $54.53. The company’s stock had a trading volume of 1,952,562 shares, compared to its average volume of 2,490,000. 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 firm has a market capitalization of $19,450.00, a P/E ratio of -5,453.00, a P/E/G ratio of 1.27 and a beta of 0.93.

Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, February 8th. The insurance provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. Hartford Financial Services Group had a positive return on equity of 7.89% and a negative net margin of 16.79%. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the company earned $1.08 earnings per share. Hartford Financial Services Group’s quarterly revenue was up 14.1% compared to the same quarter last year. equities analysts anticipate that Hartford Financial Services Group Inc will post 4.43 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Hartford Financial Services Group from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Hartford Financial Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Wells Fargo & Co set a $56.00 price objective on shares of Hartford Financial Services Group and gave the company a “hold” rating in a research report on Friday, February 9th. Credit Suisse Group upgraded shares of Hartford Financial Services Group from a “neutral” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research report on Tuesday, December 19th. Finally, Goldman Sachs Group began coverage on shares of Hartford Financial Services Group in a research report on Monday, December 4th. They issued a “neutral” rating and a $59.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $59.00.

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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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