Acadian Asset Management LLC increased its position in Hartford Financial Services Group Inc (NYSE:HIG) by 126.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,967 shares of the insurance provider’s stock after buying an additional 7,233 shares during the period. Acadian Asset Management LLC’s holdings in Hartford Financial Services Group were worth $682,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HIG. Quadrant Capital Group LLC boosted its stake in shares of Hartford Financial Services Group by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 2,293 shares of the insurance provider’s stock worth $106,000 after buying an additional 10 shares in the last quarter. Huntington National Bank boosted its stake in shares of Hartford Financial Services Group by 0.4% in the first quarter. Huntington National Bank now owns 6,886 shares of the insurance provider’s stock worth $331,000 after buying an additional 30 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in shares of Hartford Financial Services Group by 1.2% in the first quarter. Jaffetilchin Investment Partners LLC now owns 8,147 shares of the insurance provider’s stock worth $392,000 after buying an additional 97 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of Hartford Financial Services Group by 2.0% in the first quarter. Wetherby Asset Management Inc. now owns 6,605 shares of the insurance provider’s stock worth $318,000 after buying an additional 129 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in shares of Hartford Financial Services Group by 4.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,063 shares of the insurance provider’s stock worth $195,000 after buying an additional 168 shares in the last quarter. 90.85% of the stock is owned by institutional investors.

Hartford Financial Services Group Inc (NYSE:HIG) traded up 0.56% during trading on Friday, hitting $56.04. The stock had a trading volume of 1,789,183 shares. The company has a market capitalization of $20.42 billion, a price-to-earnings ratio of 30.76 and a beta of 0.93. Hartford Financial Services Group Inc has a 12-month low of $39.68 and a 12-month high of $56.60. The stock has a 50 day moving average price of $53.87 and a 200 day moving average price of $50.13.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.10. The firm had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.30 billion. Hartford Financial Services Group had a negative net margin of 0.84% and a negative return on equity of 0.94%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.31 earnings per share. Equities research analysts forecast that Hartford Financial Services Group Inc will post $4.26 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.92 annualized dividend and a yield of 1.64%. Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 51.40%.

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A number of analysts have weighed in on the company. UBS AG reaffirmed a “buy” rating and issued a $58.00 price target (up previously from $54.00) on shares of Hartford Financial Services Group in a research report on Monday, June 26th. Credit Suisse Group set a $51.00 price target on Hartford Financial Services Group and gave the stock a “hold” rating in a research report on Sunday, April 30th. Barclays PLC boosted their price target on Hartford Financial Services Group from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday. BidaskClub raised Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $58.00 price target on shares of Hartford Financial Services Group in a research report on Wednesday, June 28th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $56.30.

About Hartford Financial Services Group

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

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