Seeyond cut its position in Hartford Financial Services Group Inc (NYSE:HIG) by 7.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 15,183 shares of the insurance provider’s stock after selling 1,185 shares during the quarter. Seeyond’s holdings in Hartford Financial Services Group were worth $846,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HIG. NuWave Investment Management LLC grew its holdings in shares of Hartford Financial Services Group by 950.0% during the 2nd quarter. NuWave Investment Management LLC now owns 504 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 456 shares during the last quarter. Rational Advisors LLC grew its holdings in shares of Hartford Financial Services Group by 950.0% during the 2nd quarter. Rational Advisors LLC now owns 504 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 456 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Hartford Financial Services Group during the 1st quarter valued at approximately $33,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of Hartford Financial Services Group during the 2nd quarter valued at approximately $40,000. Finally, Mirova bought a new stake in shares of Hartford Financial Services Group during the 2nd quarter valued at approximately $62,000. Institutional investors own 91.60% of the company’s stock.

Shares of NYSE:HIG traded up $0.45 during trading on Friday, reaching $60.38. The stock had a trading volume of 570,615 shares, compared to its average volume of 1,637,154. The firm’s fifty day moving average is $58.43 and its 200 day moving average is $54.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.28 and a current ratio of 0.28. Hartford Financial Services Group Inc has a 52 week low of $40.54 and a 52 week high of $60.77. The stock has a market cap of $21.44 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 1.19 and a beta of 0.64.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, August 1st. The insurance provider reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.22. Hartford Financial Services Group had a net margin of 8.36% and a return on equity of 12.44%. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period in the prior year, the firm posted $1.13 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, research analysts forecast that Hartford Financial Services Group Inc will post 5.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Friday, August 30th. Hartford Financial Services Group’s dividend payout ratio is currently 27.71%.

In related news, insider Brion S. Johnson sold 32,094 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $55.22, for a total transaction of $1,772,230.68. Following the transaction, the insider now owns 62,819 shares in the company, valued at approximately $3,468,865.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David C. Robinson sold 6,978 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $60.04, for a total transaction of $418,959.12. Following the transaction, the executive vice president now owns 22,040 shares in the company, valued at approximately $1,323,281.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,109 shares of company stock worth $6,084,135. Insiders own 1.70% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Hartford Financial Services Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. UBS Group boosted their target price on shares of Hartford Financial Services Group from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Barclays set a $70.00 target price on shares of Hartford Financial Services Group and gave the stock a “buy” rating in a report on Monday, August 12th. B. Riley boosted their target price on shares of Hartford Financial Services Group from $66.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, ValuEngine lowered shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $62.08.

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. 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.

Further Reading: Quiet Period

Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hartford Financial Services Group Inc (NYSE:HIG).

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

Receive News & Ratings for Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.