US Bancorp DE trimmed its stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,981 shares of the insurance provider’s stock after selling 1,486 shares during the quarter. US Bancorp DE’s holdings in Hartford Financial Services Group were worth $2,532,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. ETRADE Capital Management LLC raised its stake in shares of Hartford Financial Services Group by 11.8% during the 3rd quarter. ETRADE Capital Management LLC now owns 8,567 shares of the insurance provider’s stock valued at $475,000 after purchasing an additional 907 shares during the period. First Manhattan Co. raised its stake in shares of Hartford Financial Services Group by 103.2% during the 4th quarter. First Manhattan Co. now owns 1,969 shares of the insurance provider’s stock valued at $110,000 after purchasing an additional 1,000 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in shares of Hartford Financial Services Group by 0.3% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 319,038 shares of the insurance provider’s stock valued at $17,683,000 after purchasing an additional 1,027 shares during the period. Intrust Bank NA raised its stake in shares of Hartford Financial Services Group by 7.0% during the 3rd quarter. Intrust Bank NA now owns 15,998 shares of the insurance provider’s stock valued at $887,000 after purchasing an additional 1,044 shares during the period. Finally, BB&T Securities LLC raised its stake in shares of Hartford Financial Services Group by 3.9% during the 3rd quarter. BB&T Securities LLC now owns 28,158 shares of the insurance provider’s stock valued at $1,561,000 after purchasing an additional 1,044 shares during the period. Institutional investors own 87.59% of the company’s stock.

A number of research firms recently issued reports on HIG. Zacks Investment Research upgraded Hartford Financial Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. UBS Group boosted their price objective on Hartford Financial Services Group from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Wells Fargo & Co set a $56.00 price objective on Hartford Financial Services Group and gave the company a “hold” rating in a research note on Friday, February 9th. Credit Suisse Group upgraded Hartford Financial Services Group from a “neutral” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research note on Tuesday, December 19th. Finally, Goldman Sachs Group began coverage on Hartford Financial Services Group in a research note on Monday, December 4th. They set a “neutral” rating and a $59.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $59.00.

Hartford Financial Services Group Inc (HIG) opened at $54.53 on Thursday. The firm has a market capitalization of $19,450.00, a PE ratio of -5,453.00, a price-to-earnings-growth ratio of 1.27 and a beta of 0.93. The company has a quick ratio of 0.40, a current ratio of 0.27 and a debt-to-equity ratio of 0.37. Hartford Financial Services Group Inc has a one year low of $46.35 and a one year high of $59.20.

Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Thursday, February 8th. The insurance provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Hartford Financial Services Group had a positive return on equity of 7.89% and a negative net margin of 16.79%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 EPS. equities analysts predict that Hartford Financial Services Group Inc will post 4.43 earnings per share for the current fiscal year.

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Hartford Financial Services Group Profile

The Hartford Financial Services Group, Inc is a holding company for insurance and financial services subsidiaries. The Company’s segments include Commercial Lines, which provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the United States; Personal Lines, which provides automobile, homeowners and personal umbrella coverages to individuals across the United States; Group Benefits, which provides group life, accident and disability coverage, and other products and services; Property & Casualty Other Operations, which includes certain property and casualty operations; Mutual Funds, which provides investment management, administration, product distribution and related services to investors; Talcott Resolution, which consists of the run-off of the Company’s the United States individual and institutional annuity, and Private Placement Life Insurance (PPLI) businesses, and Corporate.

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

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