Hartford Financial Services Group, Inc. (The) (HIG) Shares Bought by Rothschild Asset Management Inc.

Rothschild Asset Management Inc. raised its position in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 19.6% during the second quarter, Holdings Channel reports. The institutional investor owned 14,035 shares of the insurance provider’s stock after buying an additional 2,297 shares during the period. Rothschild Asset Management Inc.’s holdings in Hartford Financial Services Group, Inc. (The) were worth $738,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bbva Compass Bancshares Inc. raised its stake in shares of Hartford Financial Services Group, Inc. (The) by 9.3% in the second quarter. Bbva Compass Bancshares Inc. now owns 123,647 shares of the insurance provider’s stock worth $6,500,000 after buying an additional 10,478 shares in the last quarter. IBM Retirement Fund raised its stake in shares of Hartford Financial Services Group, Inc. (The) by 115.3% in the second quarter. IBM Retirement Fund now owns 8,890 shares of the insurance provider’s stock worth $523,000 after buying an additional 4,761 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Hartford Financial Services Group, Inc. (The) by 0.3% in the second quarter. Diamond Hill Capital Management Inc. now owns 6,161,222 shares of the insurance provider’s stock worth $323,895,000 after buying an additional 21,037 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Hartford Financial Services Group, Inc. (The) by 23.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 74,844 shares of the insurance provider’s stock worth $3,964,000 after buying an additional 14,005 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its stake in shares of Hartford Financial Services Group, Inc. (The) by 5.3% in the second quarter. Aviance Capital Partners LLC now owns 7,320 shares of the insurance provider’s stock worth $385,000 after buying an additional 370 shares in the last quarter. 90.85% of the stock is owned by hedge funds and other institutional investors.

Hartford Financial Services Group, Inc. (HIG) opened at 55.73 on Friday. The stock has a market capitalization of $20.30 billion, a P/E ratio of 30.59 and a beta of 0.93. The firm’s 50-day moving average price is $53.74 and its 200 day moving average price is $50.07. Hartford Financial Services Group, Inc. has a 12-month low of $39.68 and a 12-month high of $56.60.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. The company had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Hartford Financial Services Group, Inc. will post $4.26 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is 51.40%.

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A number of brokerages recently issued reports on HIG. Deutsche Bank AG reissued a “buy” rating and set a $61.00 price target (up from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, August 1st. Zacks Investment Research raised Hartford Financial Services Group, Inc. (The) from a “sell” rating to a “hold” rating and set a $62.00 price target for the company in a research note on Monday, July 31st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $58.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research note on Sunday, July 30th. Wells Fargo & Company reissued a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $54.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research note on Wednesday, July 12th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $55.55.

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

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).

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

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