Hartford Financial Services Group Inc (HIG) Shares Sold by Eaton Vance Management

Eaton Vance Management lowered its position in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,782 shares of the insurance provider’s stock after selling 5,201 shares during the quarter. Eaton Vance Management’s holdings in Hartford Financial Services Group were worth $3,836,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dupont Capital Management Corp increased its stake in 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 purchasing an additional 1,441 shares during the last quarter. TD Asset Management Inc. increased its stake in Hartford Financial Services Group by 6.8% in the second quarter. TD Asset Management Inc. now owns 108,433 shares of the insurance provider’s stock valued at $5,544,000 after purchasing an additional 6,874 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Hartford Financial Services Group by 7.5% in the second quarter. Commonwealth Equity Services LLC now owns 62,677 shares of the insurance provider’s stock valued at $3,205,000 after purchasing an additional 4,378 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Hartford Financial Services Group in the second quarter valued at approximately $4,929,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in 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 purchasing an additional 2,056 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.

HIG stock opened at $41.63 on Friday. The company has a market capitalization of $15.19 billion, a PE ratio of 9.71, a PEG ratio of 0.98 and a beta of 0.92. Hartford Financial Services Group Inc has a twelve month low of $41.13 and a twelve month high of $59.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.29 and a quick ratio of 0.29.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.11. Hartford Financial Services Group had a positive return on equity of 12.20% and a negative net margin of 11.09%. The business had revenue of $4.80 billion during the quarter. On average, sell-side analysts predict that Hartford Financial Services Group Inc will post 4.53 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors 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 2.88%. The ex-dividend date of this dividend is Friday, November 30th. Hartford Financial Services Group’s dividend payout ratio is presently 43.80%.

In related news, EVP David C. Robinson sold 2,395 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $45.62, for a total transaction of $109,259.90. Following the completion of the sale, the executive vice president now directly 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 available through the SEC website. 1.50% of the stock is owned by company insiders.

Several research firms have recently weighed in on HIG. Wells Fargo & Co set a $53.00 price objective on Hartford Financial Services Group and gave the company a “hold” rating in a report on Wednesday. Credit Suisse Group decreased their price objective on Hartford Financial Services Group from $56.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday. Langen Mcalenn raised Hartford Financial Services Group from a “neutral” rating to a “buy” rating in a report on Tuesday. Janney Montgomery Scott raised Hartford Financial Services Group from a “neutral” rating to a “buy” rating in a report on Tuesday. Finally, Morgan Stanley decreased their price objective on Hartford Financial Services Group from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, November 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $57.00.

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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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