Hartford Financial Services Group, Inc. (The) (HIG) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its holdings in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 757,759 shares of the insurance provider’s stock after acquiring an additional 8,333 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.21% of Hartford Financial Services Group, Inc. (The) worth $39,836,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HIG. Aperio Group LLC lifted its position in Hartford Financial Services Group, Inc. (The) by 10.0% in the 2nd quarter. Aperio Group LLC now owns 237,939 shares of the insurance provider’s stock worth $12,508,000 after buying an additional 21,637 shares during the last quarter. Andra AP fonden lifted its position in Hartford Financial Services Group, Inc. (The) by 1.6% in the 2nd quarter. Andra AP fonden now owns 113,300 shares of the insurance provider’s stock worth $5,956,000 after buying an additional 1,800 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in Hartford Financial Services Group, Inc. (The) in the 2nd quarter worth approximately $30,080,000. Bellwether Investment Group LLC bought a new stake in Hartford Financial Services Group, Inc. (The) in the 2nd quarter worth approximately $332,000. Finally, HM Capital Management LLC bought a new stake in Hartford Financial Services Group, Inc. (The) in the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 88.23% of the company’s stock.

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A number of analysts recently weighed in on the company. 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 research report on Tuesday, October 3rd. Zacks Investment Research downgraded Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Buckingham Research assumed coverage on Hartford Financial Services Group, Inc. (The) in a research report on Monday, September 11th. They issued a “buy” rating and a $63.00 target price for the company. BidaskClub downgraded Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Barclays PLC boosted their target price on 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $57.00.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.10. The business had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.31 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 1st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s payout ratio is 51.40%.

About Hartford Financial Services Group, Inc. (The)

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

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