Private Management Group Inc. Has $10.01 Million Holdings in Hartford Financial Services Group, Inc. (The) (HIG)

Private Management Group Inc. lessened its position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 42.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 180,629 shares of the insurance provider’s stock after selling 134,405 shares during the period. Private Management Group Inc. owned about 0.05% of Hartford Financial Services Group, Inc. (The) worth $10,012,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dupont Capital Management Corp acquired a new position in shares of Hartford Financial Services Group, Inc. (The) in the 2nd quarter valued at $119,000. Sun Life Financial INC boosted its holdings in shares of Hartford Financial Services Group, Inc. (The) by 26,810.0% in the 2nd quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after buying an additional 2,681 shares in the last quarter. Hartford Financial Management Inc. boosted its holdings in shares of Hartford Financial Services Group, Inc. (The) by 5.7% in the 2nd quarter. Hartford Financial Management Inc. now owns 2,803 shares of the insurance provider’s stock valued at $147,000 after buying an additional 150 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in shares of Hartford Financial Services Group, Inc. (The) in the 2nd quarter valued at $148,000. Finally, HM Capital Management LLC acquired a new position in shares of Hartford Financial Services Group, Inc. (The) in the 2nd quarter valued at $205,000. Institutional investors own 90.32% of the company’s stock.

Shares of Hartford Financial Services Group, Inc. (HIG) traded up $0.45 during trading on Thursday, reaching $56.67. 2,386,700 shares of the company’s stock were exchanged, compared to its average volume of 2,370,008. The stock has a market cap of $20,054.72, a P/E ratio of 15.11, a P/E/G ratio of 1.61 and a beta of 0.98. 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. has a 52 week low of $46.30 and a 52 week high of $57.16.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share (EPS) 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 EPS. equities analysts anticipate that Hartford Financial Services Group, Inc. will post 3.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is currently 70.23%.

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Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $60.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a report on Thursday, August 31st. Zacks Investment Research cut shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Barclays PLC upped their target price on shares of Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, August 11th. Wells Fargo & Company restated a “hold” rating and issued a $55.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, October 23rd. Finally, BidaskClub cut shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Hartford Financial Services Group, Inc. (The) currently has an average rating of “Buy” and an average price target of $57.42.

Hartford Financial Services Group, Inc. (The) Profile

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

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