Livforsakringsbolaget Skandia Omsesidigt Sells 4,000 Shares of Hartford Financial Services Group Inc (HIG)

Livforsakringsbolaget Skandia Omsesidigt cut its stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 9.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 39,914 shares of the insurance provider’s stock after selling 4,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Hartford Financial Services Group were worth $2,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in HIG. Nationwide Fund Advisors grew its stake in shares of Hartford Financial Services Group by 15.4% during the 2nd quarter. Nationwide Fund Advisors now owns 192,381 shares of the insurance provider’s stock valued at $10,113,000 after acquiring an additional 25,645 shares during the period. BT Investment Management Ltd bought a new position in shares of Hartford Financial Services Group during the 2nd quarter valued at approximately $745,000. PNC Financial Services Group Inc. grew its stake in shares of Hartford Financial Services Group by 0.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 58,257 shares of the insurance provider’s stock valued at $3,065,000 after acquiring an additional 149 shares during the period. D.A. Davidson & CO. grew its stake in shares of Hartford Financial Services Group by 49.0% during the 2nd quarter. D.A. Davidson & CO. now owns 5,332 shares of the insurance provider’s stock valued at $280,000 after acquiring an additional 1,754 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Hartford Financial Services Group by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 36,517,346 shares of the insurance provider’s stock valued at $1,919,716,000 after acquiring an additional 158,023 shares during the period. Institutional investors own 88.25% of the company’s stock.

Hartford Financial Services Group Inc (NYSE:HIG) opened at $56.09 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.28. Hartford Financial Services Group Inc has a twelve month low of $46.35 and a twelve month high of $58.61. The company has a market capitalization of $20,058.29, a P/E ratio of 42.82, a P/E/G ratio of 1.36 and a beta of 0.99.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. Hartford Financial Services Group had a return on equity of 8.21% and a net margin of 2.63%. The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the firm earned $1.06 EPS. The firm’s revenue was down .7% compared to the same quarter last year. analysts anticipate that Hartford Financial Services Group Inc will post 3.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 1st were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.78%. Hartford Financial Services Group’s payout ratio is currently 76.34%.

A number of brokerages recently issued reports on HIG. Barclays boosted their price objective on Hartford Financial Services Group from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $60.00 price objective on shares of Hartford Financial Services Group in a research note on Tuesday, October 3rd. Goldman Sachs Group began coverage on Hartford Financial Services Group in a research note on Monday, December 4th. They set a “neutral” rating and a $59.00 price objective for the company. Zacks Investment Research downgraded Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, B. Riley reiterated a “neutral” rating on shares of Hartford Financial Services Group in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. Hartford Financial Services Group has a consensus rating of “Hold” and an average target price of $58.92.

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About Hartford Financial Services Group

The Hartford Financial Services Group, Inc is a holding company for insurance and financial services subsidiaries. The Company’s segments include Commercial Lines, which provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the United States; Personal Lines, which provides automobile, homeowners and personal umbrella coverages to individuals across the United States; Group Benefits, which provides group life, accident and disability coverage, and other products and services; Property & Casualty Other Operations, which includes certain property and casualty operations; Mutual Funds, which provides investment management, administration, product distribution and related services to investors; Talcott Resolution, which consists of the run-off of the Company’s the United States individual and institutional annuity, and Private Placement Life Insurance (PPLI) businesses, and Corporate.

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Institutional Ownership by Quarter for Hartford Financial Services Group (NYSE:HIG)

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