Hartford Financial Services Group Inc (HIG) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 28.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,735 shares of the insurance provider’s stock after buying an additional 6,081 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hartford Financial Services Group were worth $1,333,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the stock. Commerce Bank raised its position in Hartford Financial Services Group by 10.2% in the first quarter. Commerce Bank now owns 10,315 shares of the insurance provider’s stock valued at $496,000 after buying an additional 955 shares during the period. Karp Capital Management Corp acquired a new position in Hartford Financial Services Group during the first quarter valued at approximately $10,398,000. Goelzer Investment Management Inc. raised its position in Hartford Financial Services Group by 3.8% in the first quarter. Goelzer Investment Management Inc. now owns 94,121 shares of the insurance provider’s stock valued at $4,524,000 after buying an additional 3,435 shares during the period. Intrust Bank NA raised its position in Hartford Financial Services Group by 4.6% in the first quarter. Intrust Bank NA now owns 17,634 shares of the insurance provider’s stock valued at $847,000 after buying an additional 769 shares during the period. Finally, British Columbia Investment Management Corp raised its position in Hartford Financial Services Group by 11.8% in the first quarter. British Columbia Investment Management Corp now owns 333,293 shares of the insurance provider’s stock valued at $16,021,000 after buying an additional 35,250 shares during the period. 89.59% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Hartford Financial Services Group Inc (NYSE:HIG) traded down 0.55% during trading on Friday, hitting $48.42. The company’s stock had a trading volume of 2,267,168 shares. Hartford Financial Services Group Inc has a 52 week low of $38.92 and a 52 week high of $50.26. The company has a market cap of $17.79 billion, a PE ratio of 19.69 and a beta of 1.22. The firm’s 50 day moving average price is $48.40 and its 200-day moving average price is $47.99.

Hartford Financial Services Group (NYSE:HIG) last issued its earnings results on Thursday, April 27th. The insurance provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by $0.02. The company had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.90 billion. Hartford Financial Services Group had a net margin of 4.90% and a return on equity of 7.40%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. On average, analysts predict that Hartford Financial Services Group Inc will post $4.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 1st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.89%. Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 41.26%.

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Several equities analysts recently commented on the company. Credit Suisse Group AG set a $51.00 target price on Hartford Financial Services Group and gave the company a “hold” rating in a report on Sunday, April 30th. Wells Fargo & Co reissued a “hold” rating on shares of Hartford Financial Services Group in a report on Tuesday, April 18th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Hartford Financial Services Group in a report on Thursday, April 6th. Zacks Investment Research lowered Hartford Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Finally, JPMorgan Chase & Co. dropped their target price on Hartford Financial Services Group from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, April 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $50.36.

In related news, Director Teresa Wynn Roseborough bought 1,005 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were acquired at an average price of $49.72 per share, for a total transaction of $49,968.60. Following the purchase, the director now owns 5,755 shares in the company, valued at approximately $286,138.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.23% of the company’s stock.

Hartford Financial Services Group Company Profile

5 Day Chart for NYSE:HIG

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