Carillon Tower Advisers Inc. Grows Holdings in Hartford Financial Services Group Inc (HIG)

Carillon Tower Advisers Inc. grew its position in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 42.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 387,875 shares of the insurance provider’s stock after purchasing an additional 116,275 shares during the period. Carillon Tower Advisers Inc. owned approximately 0.11% of Hartford Financial Services Group worth $19,378,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Hartford Financial Services Group by 8,566.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,080 shares of the insurance provider’s stock valued at $106,000 after acquiring an additional 2,056 shares in the last quarter. Hartford Financial Management Inc. acquired a new stake in shares of Hartford Financial Services Group in the second quarter valued at $143,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Hartford Financial Services Group in the second quarter valued at $215,000. Dupont Capital Management Corp raised its stake in shares of Hartford Financial Services Group by 52.2% in the second quarter. Dupont Capital Management Corp now owns 4,200 shares of the insurance provider’s stock valued at $215,000 after acquiring an additional 1,441 shares in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Hartford Financial Services Group in the third quarter valued at $250,000. Institutional investors and hedge funds own 89.36% of the company’s stock.

HIG has been the topic of several recent analyst reports. ValuEngine lowered Hartford Financial Services Group from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Zacks Investment Research lowered Hartford Financial Services Group from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Credit Suisse Group initiated coverage on Hartford Financial Services Group in a report on Tuesday, August 7th. They issued a “neutral” rating and a $57.00 target price on the stock. B. Riley increased their target price on Hartford Financial Services Group from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Finally, Sandler O’Neill initiated coverage on Hartford Financial Services Group in a report on Monday, September 10th. They issued a “buy” rating and a $60.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $57.23.

In other Hartford Financial Services Group news, EVP David C. Robinson sold 2,395 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $45.62, for a total transaction of $109,259.90. Following the transaction, the executive vice president now owns 19,003 shares of the company’s stock, valued at $866,916.86. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Shares of HIG stock opened at $44.28 on Friday. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 1.02 and a beta of 0.94. Hartford Financial Services Group Inc has a 1 year low of $43.31 and a 1 year high of $59.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.11. The company had revenue of $4.80 billion for the quarter. Hartford Financial Services Group had a positive return on equity of 12.20% and a negative net margin of 11.09%. Analysts predict that Hartford Financial Services Group Inc will post 4.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 3rd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, November 30th. Hartford Financial Services Group’s payout ratio is 43.80%.

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Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

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

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