Hartford Financial Services Group Inc (HIG) Shares Sold by Bremer Trust National Association

Bremer Trust National Association cut its position in Hartford Financial Services Group Inc (NYSE:HIG) by 34.5% during the first quarter, Holdings Channel reports. The institutional investor owned 10,441 shares of the company’s stock after selling 5,504 shares during the period. Bremer Trust National Association’s holdings in Hartford Financial Services Group were worth $502,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HIG. JPMorgan Chase & Co. raised its stake in shares of Hartford Financial Services Group by 42.1% in the third quarter. JPMorgan Chase & Co. now owns 29,839,369 shares of the company’s stock worth $1,277,723,000 after buying an additional 8,835,456 shares in the last quarter. State Street Corp raised its stake in shares of Hartford Financial Services Group by 4.3% in the fourth quarter. State Street Corp now owns 25,144,247 shares of the company’s stock worth $1,198,530,000 after buying an additional 1,025,637 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Hartford Financial Services Group by 3.7% in the third quarter. BlackRock Fund Advisors now owns 6,407,528 shares of the company’s stock worth $274,370,000 after buying an additional 227,514 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hartford Financial Services Group by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,873,318 shares of the company’s stock worth $232,220,000 after buying an additional 96,701 shares in the last quarter. Finally, Prudential PLC raised its stake in shares of Hartford Financial Services Group by 5.4% in the fourth quarter. Prudential PLC now owns 4,066,574 shares of the company’s stock worth $193,772,000 after buying an additional 207,200 shares in the last quarter. 89.59% of the stock is owned by institutional investors.

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

Hartford Financial Services Group Inc (NYSE:HIG) traded up 0.13% during mid-day trading on Thursday, reaching $47.88. 1,516,153 shares of the company traded hands. The firm has a market cap of $17.72 billion, a PE ratio of 21.09 and a beta of 1.22. The stock’s 50-day moving average price is $48.45 and its 200-day moving average price is $47.01. Hartford Financial Services Group Inc has a one year low of $38.92 and a one year high of $50.26.

Hartford Financial Services Group (NYSE:HIG) last issued its earnings results on Thursday, February 2nd. The company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.14. The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.72 billion. Hartford Financial Services Group had a net margin of 4.90% and a return on equity of 7.40%. During the same period in the previous year, the company earned $1.07 earnings per share. Analysts forecast that Hartford Financial Services Group Inc will post $4.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Monday, March 6th were issued a dividend of $0.23 per share. The ex-dividend date was Thursday, March 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 1.92%. Hartford Financial Services Group’s payout ratio is 41.26%.

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A number of analysts have recently weighed in on HIG shares. Zacks Investment Research lowered shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Credit Suisse Group AG set a $53.00 price target on shares of Hartford Financial Services Group and gave the stock a “hold” rating in a research note on Saturday, April 1st. Barclays PLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of Hartford Financial Services Group in a research note on Monday, January 9th. FBR & Co reaffirmed a “hold” rating on shares of Hartford Financial Services Group in a research note on Friday, February 3rd. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Hartford Financial Services Group in a research note on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $50.55.

In other news, Director Teresa Wynn Roseborough bought 1,005 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were acquired at an average cost of $49.72 per share, for a total transaction of $49,968.60. Following the completion of the acquisition, the director now owns 5,755 shares in the company, valued at $286,138.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.23% of the stock is currently owned by insiders.

About Hartford Financial Services Group

5 Day Chart for NYSE:HIG

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).

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