Hartford Financial Services Group Inc (HIG) Shares Sold by Creative Planning

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Creative Planning lessened its position in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 3.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 42,843 shares of the insurance provider’s stock after selling 1,541 shares during the quarter. Creative Planning’s holdings in Hartford Financial Services Group were worth $2,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Hartford Financial Services Group by 8,566.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,080 shares of the insurance provider’s stock valued at $106,000 after buying an additional 2,056 shares in the last quarter. First Mercantile Trust Co. purchased a new position in Hartford Financial Services Group during the 2nd quarter valued at approximately $133,000. Hartford Financial Management Inc. purchased a new position in Hartford Financial Services Group during the 2nd quarter valued at approximately $143,000. BTIM Corp. purchased a new position in Hartford Financial Services Group during the 2nd quarter valued at approximately $211,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Hartford Financial Services Group during the 2nd quarter valued at approximately $215,000. Institutional investors and hedge funds own 89.54% of the company’s stock.

Several equities analysts have weighed in on HIG shares. Wells Fargo & Co cut their price target on Hartford Financial Services Group from $58.00 to $56.00 and set a “market perform” rating for the company in a report on Tuesday, October 9th. Sandler O’Neill started coverage on Hartford Financial Services Group in a report on Monday, September 10th. They set a “buy” rating and a $60.00 price target for the company. Zacks Investment Research cut Hartford Financial Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 5th. B. Riley upgraded Hartford Financial Services Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $55.00 to $60.00 in a report on Monday, September 24th. Finally, Credit Suisse Group started coverage on Hartford Financial Services Group in a report on Tuesday, August 7th. They set a “neutral” rating and a $57.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $58.17.

NYSE:HIG opened at $45.14 on Wednesday. The company has a market capitalization of $16.18 billion, a PE ratio of 10.22, a P/E/G ratio of 1.00 and a beta of 0.93. Hartford Financial Services Group Inc has a 1 year low of $43.31 and a 1 year high of $59.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.29 and a quick ratio of 0.29.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.11. The business had revenue of $4.80 billion during the quarter. Hartford Financial Services Group had a positive return on equity of 12.20% and a negative net margin of 11.09%. Research analysts expect that Hartford Financial Services Group Inc will post 4.73 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, November 30th. Hartford Financial Services Group’s payout ratio is 43.80%.

About Hartford Financial Services Group

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.

Further Reading: NASDAQ

Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hartford Financial Services Group Inc (NYSE:HIG).

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

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