Advisory Services Network LLC Has $304,000 Stake in Hartford Financial Services Group Inc (NYSE:HIG)

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Advisory Services Network LLC grew its holdings in Hartford Financial Services Group Inc (NYSE:HIG) by 11.9% in the 4th quarter, Holdings Channel reports. The fund owned 5,002 shares of the insurance provider’s stock after purchasing an additional 530 shares during the quarter. Advisory Services Network LLC’s holdings in Hartford Financial Services Group were worth $304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HIG. Prime Capital Investment Advisors LLC acquired a new position in shares of Hartford Financial Services Group in the 3rd quarter valued at approximately $25,000. Venturi Wealth Management LLC bought a new position in Hartford Financial Services Group in the third quarter valued at approximately $28,000. KCS Wealth Advisory bought a new position in Hartford Financial Services Group in the third quarter valued at approximately $32,000. Evoke Wealth LLC bought a new position in Hartford Financial Services Group in the third quarter valued at approximately $32,000. Finally, Thor Advisors LLC acquired a new position in shares of Hartford Financial Services Group in the third quarter valued at approximately $34,000. 90.57% of the stock is currently owned by institutional investors.

Shares of HIG opened at $59.10 on Friday. The stock has a market capitalization of $21.30 billion, a P/E ratio of 10.46, a P/E/G ratio of 1.14 and a beta of 0.60. Hartford Financial Services Group Inc has a twelve month low of $47.50 and a twelve month high of $62.75. The company has a 50 day moving average of $59.87 and a 200-day moving average of $59.66. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.30.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Monday, February 3rd. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.11. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.23 billion. Hartford Financial Services Group had a net margin of 10.05% and a return on equity of 13.60%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. On average, sell-side analysts anticipate that Hartford Financial Services Group Inc will post 5.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, March 2nd will be given a $0.325 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.30 dividend on an annualized basis and a yield of 2.20%. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.30. Hartford Financial Services Group’s dividend payout ratio (DPR) is 21.24%.

HIG has been the subject of several research reports. MKM Partners increased their price objective on shares of Hartford Financial Services Group to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Citigroup started coverage on shares of Hartford Financial Services Group in a research report on Tuesday, January 21st. They issued a “neutral” rating and a $67.00 price objective on the stock. Royal Bank of Canada cut shares of Hartford Financial Services Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $70.00 to $68.00 in a research report on Thursday, December 5th. Wells Fargo & Co assumed coverage on shares of Hartford Financial Services Group in a research note on Tuesday, February 4th. They issued a “hold” rating and a $65.00 target price for the company. Finally, ValuEngine cut Hartford Financial Services Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $66.00.

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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