Hartford Financial Services Group Inc (HIG) Shares Bought by Morgan Stanley

Morgan Stanley raised its holdings in Hartford Financial Services Group Inc (NYSE:HIG) by 26.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,194,962 shares of the insurance provider’s stock after buying an additional 249,118 shares during the period. Morgan Stanley owned about 0.33% of Hartford Financial Services Group worth $59,700,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. California Public Employees Retirement System raised its stake in Hartford Financial Services Group by 14.2% in the second quarter. California Public Employees Retirement System now owns 1,330,087 shares of the insurance provider’s stock valued at $68,007,000 after buying an additional 164,973 shares during the period. IFM Investors Pty Ltd grew its position in shares of Hartford Financial Services Group by 14.5% in the third quarter. IFM Investors Pty Ltd now owns 18,781 shares of the insurance provider’s stock valued at $938,000 after purchasing an additional 2,384 shares during the last quarter. Lourd Capital LLC acquired a new position in shares of Hartford Financial Services Group in the third quarter valued at approximately $285,000. National Pension Service grew its position in shares of Hartford Financial Services Group by 0.4% in the third quarter. National Pension Service now owns 385,837 shares of the insurance provider’s stock valued at $19,276,000 after purchasing an additional 1,360 shares during the last quarter. Finally, ING Groep NV grew its position in shares of Hartford Financial Services Group by 12.3% in the third quarter. ING Groep NV now owns 43,081 shares of the insurance provider’s stock valued at $2,152,000 after purchasing an additional 4,733 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

HIG has been the topic of several research reports. Buckingham Research set a $58.00 target price on Hartford Financial Services Group and gave the company a “buy” rating in a research report on Monday, October 29th. Credit Suisse Group set a $56.00 target price on Hartford Financial Services Group and gave the company a “hold” rating in a research report on Wednesday, November 14th. Janney Montgomery Scott raised Hartford Financial Services Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 4th. Wells Fargo & Co set a $53.00 target price on Hartford Financial Services Group and gave the company a “hold” rating in a research report on Thursday, November 15th. Finally, TheStreet downgraded Hartford Financial Services Group from a “b-” rating to a “c+” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $56.83.

In related news, EVP David C. Robinson sold 2,395 shares of the stock in a transaction that occurred 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 sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Julie Richardson purchased 5,000 shares of Hartford Financial Services Group stock in a transaction that occurred on Tuesday, December 11th. The shares were bought at an average cost of $41.44 per share, for a total transaction of $207,200.00. Following the transaction, the director now directly owns 17,213 shares of the company’s stock, valued at $713,306.72. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.

Hartford Financial Services Group stock opened at $44.14 on Friday. Hartford Financial Services Group Inc has a 12 month low of $40.54 and a 12 month 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. The company has a market capitalization of $15.95 billion, a PE ratio of 16.11, a PEG ratio of 0.93 and a beta of 0.77.

Hartford Financial Services Group (NYSE:HIG) last posted its earnings results on Thursday, October 25th. The insurance provider reported $1.15 EPS for the quarter, beating 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%. On average, analysts anticipate that Hartford Financial Services Group Inc will post 4.44 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Friday, November 30th. Hartford Financial Services Group’s dividend payout ratio is currently 43.80%.

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Hartford Financial Services Group 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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