TCW Group Inc. Has $137.32 Million Holdings in Hartford Financial Services Group Inc (HIG)

TCW Group Inc. reduced its position in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,439,957 shares of the insurance provider’s stock after selling 237,334 shares during the quarter. Hartford Financial Services Group accounts for approximately 1.1% of TCW Group Inc.’s investment portfolio, making the stock its 29th biggest holding. TCW Group Inc.’s holdings in Hartford Financial Services Group were worth $137,321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Manhattan Co. raised its position in Hartford Financial Services Group by 103.2% during the fourth quarter. First Manhattan Co. now owns 1,969 shares of the insurance provider’s stock worth $110,000 after acquiring an additional 1,000 shares in the last quarter. Cerebellum GP LLC bought a new stake in Hartford Financial Services Group during the fourth quarter worth $129,000. Meyer Handelman Co. bought a new stake in Hartford Financial Services Group during the fourth quarter worth $203,000. Wesbanco Bank Inc. bought a new stake in Hartford Financial Services Group during the third quarter worth $206,000. Finally, Tdam USA Inc. bought a new stake in Hartford Financial Services Group during the third quarter worth $208,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. ValuEngine raised shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Goldman Sachs Group assumed coverage on shares of Hartford Financial Services Group in a research report on Monday, December 4th. They set a “neutral” rating and a $59.00 price target on the stock. Wells Fargo & Co 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 Monday, December 4th. Citigroup assumed coverage on shares of Hartford Financial Services Group in a research report on Wednesday, December 20th. They set a “neutral” rating and a $59.00 price target on the stock. Finally, Zacks Investment Research raised shares of Hartford Financial Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Hartford Financial Services Group currently has a consensus rating of “Hold” and an average price target of $59.00.

Hartford Financial Services Group Inc (HIG) opened at $54.14 on Monday. The firm has a market cap of $19,317.15, a PE ratio of 15.69, a PEG ratio of 1.30 and a beta of 0.93. Hartford Financial Services Group Inc has a 1 year low of $46.35 and a 1 year high of $59.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.27 and a quick ratio of 0.40.

Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the firm earned $1.08 earnings per share. Hartford Financial Services Group’s revenue for the quarter was up 14.1% compared to the same quarter last year. sell-side analysts predict that Hartford Financial Services Group Inc will post 4.39 EPS 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.

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

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