The Hartford Financial Services Group Inc. (NYSE:HIG) shares saw an uptick in trading volume on Wednesday . 4,328,178 shares were traded during trading, an increase of 24% from the previous session’s volume of 3,480,921 shares.The stock last traded at $42.47 and had previously closed at $41.97.

A number of equities analysts have weighed in on the stock. Atlantic Securities downgraded shares of The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $45.00 in a research note on Wednesday, August 10th. Barclays PLC cut their price target on shares of The Hartford Financial Services Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, July 29th. Zacks Investment Research raised shares of The Hartford Financial Services Group from a “sell” rating to a “hold” rating in a research note on Friday, May 27th. MKM Partners cut their price target on shares of The Hartford Financial Services Group from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Finally, FBR & Co cut their price target on shares of The Hartford Financial Services Group from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 10th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The Hartford Financial Services Group has a consensus rating of “Buy” and an average target price of $47.85.

The stock has a 50 day moving average of $40.82 and a 200-day moving average of $43.52. The stock has a market cap of $16.40 billion, a PE ratio of 13.03 and a beta of 1.44.

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The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.49. The Hartford Financial Services Group had a net margin of 7.39% and a return on equity of 7.27%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts expect that The Hartford Financial Services Group Inc. will post $3.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Tuesday, August 30th. The Hartford Financial Services Group’s payout ratio is presently 25.93%.

In related news, Director H Patrick Swygert sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $40.35, for a total transaction of $302,625.00. Following the transaction, the director now directly owns 34,745 shares of the company’s stock, valued at $1,401,960.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.23% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in HIG. Investec Asset Management LTD acquired a new stake in The Hartford Financial Services Group during the first quarter valued at approximately $137,465,000. Credit Suisse AG increased its stake in The Hartford Financial Services Group by 139.2% in the second quarter. Credit Suisse AG now owns 712,911 shares of the company’s stock valued at $31,640,000 after buying an additional 2,533,792 shares in the last quarter. Norges Bank acquired a new stake in The Hartford Financial Services Group during the fourth quarter valued at approximately $87,432,000. JPMorgan Chase & Co. increased its stake in The Hartford Financial Services Group by 4.8% in the second quarter. JPMorgan Chase & Co. now owns 21,003,913 shares of the company’s stock valued at $932,154,000 after buying an additional 970,635 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in The Hartford Financial Services Group during the second quarter valued at approximately $40,632,000. 89.58% of the stock is currently owned by hedge funds and other institutional investors.

About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc is a holding company. The Company operates through six segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

5 Day Chart for NYSE:HIG

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