Cambria Investment Management L.P. lessened its holdings in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 12.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,577 shares of the insurance provider’s stock after selling 3,280 shares during the period. Cambria Investment Management L.P.’s holdings in Hartford Financial Services Group, Inc. (The) were worth $1,239,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HIG. UBS Asset Management Americas Inc. raised its position in Hartford Financial Services Group, Inc. (The) by 14.4% in the first quarter. UBS Asset Management Americas Inc. now owns 1,632,946 shares of the insurance provider’s stock worth $78,496,000 after purchasing an additional 205,558 shares in the last quarter. Pacer Advisors Inc. raised its position in Hartford Financial Services Group, Inc. (The) by 3.2% in the first quarter. Pacer Advisors Inc. now owns 7,194 shares of the insurance provider’s stock worth $346,000 after purchasing an additional 226 shares in the last quarter. Stifel Financial Corp raised its position in Hartford Financial Services Group, Inc. (The) by 4.0% in the first quarter. Stifel Financial Corp now owns 58,777 shares of the insurance provider’s stock worth $2,825,000 after purchasing an additional 2,252 shares in the last quarter. Neuberger Berman Group LLC raised its position in Hartford Financial Services Group, Inc. (The) by 4.2% in the first quarter. Neuberger Berman Group LLC now owns 50,621 shares of the insurance provider’s stock worth $2,433,000 after purchasing an additional 2,061 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Hartford Financial Services Group, Inc. (The) in the first quarter worth about $240,000. 88.23% of the stock is owned by hedge funds and other institutional investors.

Hartford Financial Services Group, Inc. (NYSE:HIG) traded up 0.20% during mid-day trading on Thursday, hitting $55.79. 306,312 shares of the stock traded hands. Hartford Financial Services Group, Inc. has a one year low of $42.30 and a one year high of $57.16. The company has a 50 day moving average price of $54.50 and a 200-day moving average price of $51.74. The stock has a market capitalization of $20.32 billion, a PE ratio of 30.62 and a beta of 0.91.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its earnings results on Thursday, July 27th. The insurance provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.94 by $0.10. The company had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS. Equities analysts anticipate that Hartford Financial Services Group, Inc. will post $3.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 1st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s payout ratio is presently 51.40%.

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Several research analysts recently issued reports on HIG shares. BidaskClub lowered shares of Hartford Financial Services Group, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $58.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a report on Wednesday, June 28th. UBS AG reaffirmed a “buy” rating and set a $58.00 price objective (up previously from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, June 26th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a report on Wednesday, July 12th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $61.00 price objective (up previously from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $57.00.

Hartford Financial Services Group, Inc. (The) Profile

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Institutional Ownership by Quarter for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

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