KBC Group NV Sells 11,535 Shares of Hartford Financial Services Group Inc (HIG)

KBC Group NV cut its holdings in Hartford Financial Services Group Inc (NYSE:HIG) by 21.6% in the fourth quarter, HoldingsChannel reports. The firm owned 41,949 shares of the insurance provider’s stock after selling 11,535 shares during the quarter. KBC Group NV’s holdings in Hartford Financial Services Group were worth $2,360,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HIG. Marathon Asset Management LLP lifted its position in Hartford Financial Services Group by 3.6% in the fourth quarter. Marathon Asset Management LLP now owns 965,265 shares of the insurance provider’s stock worth $54,552,000 after buying an additional 33,367 shares during the last quarter. California Public Employees Retirement System lifted its position in Hartford Financial Services Group by 3.7% in 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 buying an additional 42,330 shares during the last quarter. AMP Capital Investors Ltd lifted its position in Hartford Financial Services Group by 2.2% in the third quarter. AMP Capital Investors Ltd now owns 273,812 shares of the insurance provider’s stock worth $15,175,000 after buying an additional 5,830 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Hartford Financial Services Group by 5.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 77,207 shares of the insurance provider’s stock worth $4,280,000 after buying an additional 4,299 shares during the last quarter. Finally, St. Louis Trust Co bought a new stake in Hartford Financial Services Group in the fourth quarter worth $512,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

HIG has been the subject of a number of analyst reports. Wells Fargo & Co set a $55.00 price target on Hartford Financial Services Group and gave the stock a “hold” rating in a research report on Thursday, November 16th. Citigroup initiated coverage on Hartford Financial Services Group in a research report on Wednesday, December 20th. They issued a “neutral” rating and a $59.00 price target for the company. UBS Group raised their price target on Hartford Financial Services Group from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. ValuEngine upgraded Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research downgraded Hartford Financial Services Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 26th. 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. The stock presently has an average rating of “Hold” and an average price target of $59.00.

Shares of Hartford Financial Services Group Inc (NYSE HIG) opened at $53.82 on Wednesday. Hartford Financial Services Group Inc has a 52-week low of $46.35 and a 52-week high of $59.20. The firm has a market capitalization of $19,317.15, a price-to-earnings ratio of 15.69, a PEG ratio of 1.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.40 and a current ratio of 0.27.

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