Duality Advisers LP acquired a new stake in Hartford Financial Services Group Inc (NYSE:HIG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 87,746 shares of the insurance provider’s stock, valued at approximately $3,383,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen Asset Management LLC grew its position in shares of Hartford Financial Services Group by 20.3% during the 1st quarter. Nuveen Asset Management LLC now owns 5,609,039 shares of the insurance provider’s stock worth $197,663,000 after buying an additional 944,792 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Hartford Financial Services Group by 47.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,295,917 shares of the insurance provider’s stock valued at $80,908,000 after acquiring an additional 742,777 shares during the last quarter. Samlyn Capital LLC grew its stake in shares of Hartford Financial Services Group by 96.6% in the first quarter. Samlyn Capital LLC now owns 1,345,128 shares of the insurance provider’s stock valued at $47,403,000 after buying an additional 661,003 shares in the last quarter. AQR Capital Management LLC increased its holdings in Hartford Financial Services Group by 46.5% during the first quarter. AQR Capital Management LLC now owns 2,054,063 shares of the insurance provider’s stock worth $72,282,000 after buying an additional 652,043 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Hartford Financial Services Group by 24.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,269,387 shares of the insurance provider’s stock worth $115,214,000 after purchasing an additional 639,157 shares during the last quarter. Institutional investors and hedge funds own 89.80% of the company’s stock.

NYSE:HIG opened at $42.32 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.29 and a current ratio of 0.29. Hartford Financial Services Group Inc has a fifty-two week low of $19.04 and a fifty-two week high of $62.75. The company has a 50 day simple moving average of $39.49 and a two-hundred day simple moving average of $43.84. The company has a market capitalization of $15.15 billion, a PE ratio of 8.55, a P/E/G ratio of 1.19 and a beta of 0.97.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, July 30th. The insurance provider reported $1.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.22. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. Hartford Financial Services Group had a net margin of 8.80% and a return on equity of 12.86%. Research analysts predict that Hartford Financial Services Group Inc will post 4.86 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 1st will be given a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Monday, August 31st. Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 23.01%.

Several brokerages have recently commented on HIG. Piper Sandler reduced their target price on Hartford Financial Services Group from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Credit Suisse Group reissued a “hold” rating and issued a $44.00 price objective on shares of Hartford Financial Services Group in a research report on Friday. Royal Bank of Canada reduced their target price on shares of Hartford Financial Services Group from $66.00 to $39.00 and set a “sector perform” rating for the company in a report on Wednesday, April 8th. Wells Fargo & Co lowered their price target on shares of Hartford Financial Services Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Finally, MKM Partners reduced their price objective on Hartford Financial Services Group from $70.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, April 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. Hartford Financial Services Group presently has an average rating of “Buy” and a consensus price target of $54.57.

Hartford Financial Services Group Company 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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