Cleararc Capital Inc. Sells 33 Shares of Hartford Financial Services Group, Inc. (The) (HIG)

Cleararc Capital Inc. cut its stake in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 0.4% during the first quarter, Holdings Channel reports. The fund owned 9,145 shares of the insurance provider’s stock after selling 33 shares during the period. Cleararc Capital Inc.’s holdings in Hartford Financial Services Group, Inc. (The) were worth $440,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HIG. Massachusetts Financial Services Co. MA increased its stake in shares of Hartford Financial Services Group, Inc. (The) by 10.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,286,261 shares of the insurance provider’s stock valued at $109,901,000 after buying an additional 222,398 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Hartford Financial Services Group, Inc. (The) by 4.8% in the first quarter. Teacher Retirement System of Texas now owns 1,673,017 shares of the insurance provider’s stock valued at $80,422,000 after buying an additional 76,590 shares during the last quarter. Rothschild Asset Management Inc. purchased a new stake in shares of Hartford Financial Services Group, Inc. (The) during the first quarter valued at $564,000. Anchor Capital Advisors LLC increased its stake in shares of Hartford Financial Services Group, Inc. (The) by 0.3% in the first quarter. Anchor Capital Advisors LLC now owns 753,504 shares of the insurance provider’s stock valued at $36,221,000 after buying an additional 2,083 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Hartford Financial Services Group, Inc. (The) by 4.4% in the first quarter. Legal & General Group Plc now owns 1,974,551 shares of the insurance provider’s stock valued at $94,908,000 after buying an additional 82,564 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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

Hartford Financial Services Group, Inc. (NYSE:HIG) traded down 0.11% during trading on Tuesday, hitting $52.39. 358,642 shares of the stock were exchanged. Hartford Financial Services Group, Inc. has a 12-month low of $38.92 and a 12-month high of $52.66. The firm has a market cap of $19.25 billion, a PE ratio of 21.31 and a beta of 0.93. The stock’s 50-day moving average price is $49.81 and its 200-day moving average price is $48.63.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its earnings results on Thursday, April 27th. The insurance provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by $0.02. Hartford Financial Services Group, Inc. (The) had a return on equity of 7.48% and a net margin of 5.12%. The firm had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts expect that Hartford Financial Services Group, Inc. will post $4.18 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 1st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, May 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is 37.70%.

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Several brokerages have recently weighed in on HIG. BidaskClub raised shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “strong-buy” rating in a report on Saturday. Credit Suisse Group set a $51.00 target price on shares of Hartford Financial Services Group, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, June 6th. Deutsche Bank AG began coverage on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, June 6th. They issued a “buy” rating and a $60.00 target price on the stock. ValuEngine raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $51.17.

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

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Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hartford Financial Services Group, Inc. (The) (NYSE:HIG).

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