Hartford Financial Services Group, Inc. (The) (HIG) Position Boosted by Intrust Bank NA

Intrust Bank NA lifted its position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 7.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,998 shares of the insurance provider’s stock after buying an additional 1,044 shares during the period. Intrust Bank NA’s holdings in Hartford Financial Services Group, Inc. (The) were worth $887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in HIG. Bronfman E.L. Rothschild L.P. raised its stake in Hartford Financial Services Group, Inc. (The) by 1.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,111 shares of the insurance provider’s stock worth $216,000 after purchasing an additional 48 shares during the period. First Allied Advisory Services Inc. raised its stake in Hartford Financial Services Group, Inc. (The) by 0.5% during 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 during the period. Scotia Capital Inc. raised its stake in Hartford Financial Services Group, Inc. (The) by 0.3% during 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 during the period. Northwestern Mutual Wealth Management Co. raised its stake in Hartford Financial Services Group, Inc. (The) by 3.1% during 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 during the period. Finally, Stratos Wealth Partners LTD. raised its stake in Hartford Financial Services Group, Inc. (The) by 2.3% during the second quarter. Stratos Wealth Partners LTD. now owns 6,526 shares of the insurance provider’s stock worth $343,000 after purchasing an additional 144 shares during the period. 90.32% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms have recently issued reports on HIG. Buckingham Research began coverage on shares of Hartford Financial Services Group, Inc. (The) in a research report on Monday, September 11th. They issued a “buy” rating and a $63.00 price objective for the company. BidaskClub raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $58.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a research report on Sunday, July 30th. Zacks Investment Research lowered shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Barclays PLC increased their price objective on shares of Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Hartford Financial Services Group, Inc. (The) has a consensus rating of “Buy” and an average target price of $57.42.

Hartford Financial Services Group, Inc. (NYSE:HIG) traded up $0.16 on Monday, reaching $55.68. 281,128 shares of the company were exchanged, compared to its average volume of 2,375,430. The firm has a market cap of $19,805.02, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98. Hartford Financial Services Group, Inc. has a 1-year low of $46.05 and a 1-year high of $57.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 0.40.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its quarterly 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, Inc. (The) had a net margin of 2.63% and a return on equity of 8.21%. The business’s revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $1.06 EPS. analysts forecast that Hartford Financial Services Group, Inc. will post 3.68 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. This is a positive change from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, November 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is presently 70.23%.

Hartford Financial Services Group, Inc. (The) Company Profile

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Institutional Ownership by Quarter for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

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