Skandinaviska Enskilda Banken AB publ Has $2.41 Million Holdings in Hartford Financial Services Group Inc (NYSE:HIG)

Skandinaviska Enskilda Banken AB publ boosted its stake in Hartford Financial Services Group Inc (NYSE:HIG) by 9.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,382 shares of the insurance provider’s stock after buying an additional 6,057 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Hartford Financial Services Group were worth $2,410,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Franklin Resources Inc. lifted its holdings in shares of Hartford Financial Services Group by 1.3% during the first quarter. Franklin Resources Inc. now owns 14,692,073 shares of the insurance provider’s stock valued at $517,749,000 after acquiring an additional 191,986 shares during the period. Geode Capital Management LLC lifted its stake in shares of Hartford Financial Services Group by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 6,276,455 shares of the insurance provider’s stock valued at $380,763,000 after purchasing an additional 231,272 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Hartford Financial Services Group by 20.3% in the 1st quarter. Nuveen Asset Management LLC now owns 5,609,039 shares of the insurance provider’s stock valued at $197,663,000 after purchasing an additional 944,792 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of Hartford Financial Services Group by 13.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 4,868,090 shares of the insurance provider’s stock worth $171,551,000 after purchasing an additional 559,356 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Hartford Financial Services Group during the fourth quarter worth $225,572,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

HIG has been the topic of several analyst reports. Deutsche Bank cut their target price on Hartford Financial Services Group from $63.00 to $53.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. ValuEngine upgraded shares of Hartford Financial Services Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 3rd. Morgan Stanley decreased their price objective on shares of Hartford Financial Services Group from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Wells Fargo & Co cut their target price on shares of Hartford Financial Services Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Finally, Royal Bank of Canada decreased their price target on shares of Hartford Financial Services Group from $66.00 to $39.00 and set a “sector perform” rating for the company in a report on Wednesday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $56.07.

HIG opened at $38.33 on Tuesday. The company has a market capitalization of $13.41 billion, a price-to-earnings ratio of 8.19, a P/E/G ratio of 1.16 and a beta of 0.96. The business’s 50-day moving average price is $38.90 and its two-hundred day moving average price is $47.24. Hartford Financial Services Group Inc has a 1 year low of $19.04 and a 1 year high of $62.75. The company has a debt-to-equity ratio of 0.29, 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 Wednesday, April 29th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.01. The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.24 billion. Hartford Financial Services Group had a return on equity of 13.25% and a net margin of 8.33%. Hartford Financial Services Group’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company earned $1.39 earnings per share. Sell-side analysts anticipate that Hartford Financial Services Group Inc will post 4.63 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Monday, June 1st will be issued a $0.325 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 3.39%. Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 23.01%.

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. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.

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

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