Hartford Financial Services Group Inc (NYSE:HIG) Stock Position Raised by Northern Trust Corp

Northern Trust Corp increased its stake in Hartford Financial Services Group Inc (NYSE:HIG) by 6.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,380,692 shares of the insurance provider’s stock after acquiring an additional 270,903 shares during the quarter. Northern Trust Corp owned approximately 1.21% of Hartford Financial Services Group worth $244,093,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NuWave Investment Management LLC increased its position in Hartford Financial Services Group by 950.0% during the second quarter. NuWave Investment Management LLC now owns 504 shares of the insurance provider’s stock worth $28,000 after buying an additional 456 shares during the last quarter. Rational Advisors LLC boosted its holdings in Hartford Financial Services Group by 950.0% during the second quarter. Rational Advisors LLC now owns 504 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 456 shares during the period. Harvest Group Wealth Management LLC acquired a new stake in shares of Hartford Financial Services Group in the first quarter valued at about $33,000. Icon Wealth Partners LLC acquired a new stake in shares of Hartford Financial Services Group in the first quarter valued at about $33,000. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in shares of Hartford Financial Services Group in the second quarter valued at about $40,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Shares of NYSE HIG traded down $0.50 during trading on Wednesday, reaching $58.80. The company had a trading volume of 36,550 shares, compared to its average volume of 1,601,164. Hartford Financial Services Group Inc has a 52 week low of $40.54 and a 52 week high of $60.77. The business’s 50 day moving average price is $58.39 and its 200-day moving average price is $53.95. The stock has a market cap of $21.42 billion, a PE ratio of 13.60, a PEG ratio of 1.21 and a beta of 0.64. 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 (NYSE:HIG) last issued its quarterly earnings results on Thursday, August 1st. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.22. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.07 billion. Hartford Financial Services Group had a return on equity of 12.44% and a net margin of 8.36%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 earnings per share. Equities analysts anticipate that Hartford Financial Services Group Inc will post 5.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.20 annualized dividend and a yield of 2.04%. Hartford Financial Services Group’s dividend payout ratio is currently 27.71%.

Several research firms have issued reports on HIG. Barclays set a $70.00 price target on shares of Hartford Financial Services Group and gave the stock a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada increased their price objective on shares of Hartford Financial Services Group to $68.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. B. Riley raised their price target on shares of Hartford Financial Services Group from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. ValuEngine downgraded Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Zacks Investment Research lowered Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Hartford Financial Services Group presently has an average rating of “Buy” and an average price target of $62.08.

In other Hartford Financial Services Group news, Director Robert B. Allardice III sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $58.71, for a total value of $205,485.00. Following the transaction, the director now directly owns 21,684 shares of the company’s stock, valued at $1,273,067.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Beth Ann Costello sold 5,000 shares of Hartford Financial Services Group stock in a transaction on Monday, August 5th. The stock was sold at an average price of $57.19, for a total transaction of $285,950.00. Following the sale, the chief financial officer now directly owns 51,245 shares of the company’s stock, valued at approximately $2,930,701.55. The disclosure for this sale can be found here. Insiders have sold a total of 108,109 shares of company stock valued at $6,084,135 over the last three months. Company insiders own 1.70% of the company’s stock.

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.

Featured Story: Certificate of Deposit (CD)

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.