BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 13.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,776 shares of the insurance provider’s stock after selling 33,267 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Hartford Financial Services Group worth $10,730,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Hartford Financial Services Group by 8,566.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,080 shares of the insurance provider’s stock worth $106,000 after purchasing an additional 2,056 shares during the period. Honkamp Krueger Financial Services Inc. bought a new position in shares of Hartford Financial Services Group in the third quarter worth about $125,000. Hartford Financial Management Inc. bought a new position in shares of Hartford Financial Services Group in the second quarter worth about $143,000. Piedmont Investment Advisors LLC bought a new position in shares of Hartford Financial Services Group in the second quarter worth about $215,000. Finally, Dupont Capital Management Corp increased its stake in shares of Hartford Financial Services Group by 52.2% in the second quarter. Dupont Capital Management Corp now owns 4,200 shares of the insurance provider’s stock worth $215,000 after purchasing an additional 1,441 shares during the period. Institutional investors own 89.39% of the company’s stock.

In related news, EVP David C. Robinson sold 2,395 shares of Hartford Financial Services Group stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $45.62, for a total transaction of $109,259.90. Following the sale, the executive vice president now directly owns 19,003 shares of the company’s stock, valued at $866,916.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.50% of the stock is owned by company insiders.

A number of equities analysts have recently commented on the company. Royal Bank of Canada dropped their price objective on Hartford Financial Services Group to $58.00 and set an “outperform” rating on the stock in a research note on Monday, October 29th. They noted that the move was a valuation call. Wells Fargo & Co set a $53.00 price objective on Hartford Financial Services Group and gave the stock a “hold” rating in a research note on Wednesday. Sandler O’Neill assumed coverage on Hartford Financial Services Group in a research note on Monday, September 10th. They issued a “buy” rating and a $60.00 price objective on the stock. Morgan Stanley dropped their price objective on Hartford Financial Services Group from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 14th. Finally, Credit Suisse Group set a $56.00 price objective on Hartford Financial Services Group and gave the stock a “hold” rating in a research note on Tuesday, October 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $57.00.

HIG stock opened at $42.35 on Friday. Hartford Financial Services Group Inc has a twelve month low of $41.13 and a twelve month high of $59.20. The stock has a market cap of $15.36 billion, a P/E ratio of 15.46, a PEG ratio of 0.97 and a beta of 0.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29.

Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, October 25th. The insurance provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. Hartford Financial Services Group had a positive return on equity of 12.20% and a negative net margin of 11.09%. The business had revenue of $4.80 billion for the quarter. On average, sell-side analysts predict that Hartford Financial Services Group Inc will post 4.65 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, November 30th. Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 43.80%.

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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. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

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

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