Amundi reduced its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG – Get Rating) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,520,263 shares of the insurance provider’s stock after selling 21,979 shares during the quarter. Amundi owned approximately 0.79% of The Hartford Financial Services Group worth $191,490,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in HIG. Cambridge Investment Research Advisors Inc. increased its position in The Hartford Financial Services Group by 7.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,704 shares of the insurance provider’s stock valued at $1,271,000 after purchasing an additional 1,185 shares during the period. D.A. Davidson & CO. grew its position in shares of The Hartford Financial Services Group by 9.1% in the 1st quarter. D.A. Davidson & CO. now owns 3,952 shares of the insurance provider’s stock worth $284,000 after buying an additional 330 shares during the period. Prudential PLC purchased a new stake in shares of The Hartford Financial Services Group in the 1st quarter worth about $674,000. Cetera Investment Advisers grew its position in shares of The Hartford Financial Services Group by 88.6% in the 1st quarter. Cetera Investment Advisers now owns 11,238 shares of the insurance provider’s stock worth $807,000 after buying an additional 5,278 shares during the period. Finally, Zions Bancorporation N.A. grew its position in shares of The Hartford Financial Services Group by 235.4% in the 1st quarter. Zions Bancorporation N.A. now owns 1,070 shares of the insurance provider’s stock worth $77,000 after buying an additional 751 shares during the period. 89.93% of the stock is owned by hedge funds and other institutional investors.
The Hartford Financial Services Group Trading Up 0.2 %
Shares of HIG opened at $71.44 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.32 and a quick ratio of 0.32. The Hartford Financial Services Group, Inc. has a 1 year low of $60.17 and a 1 year high of $79.44. The company has a 50 day simple moving average of $69.99 and a two-hundred day simple moving average of $72.99. The firm has a market cap of $22.16 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 1.29 and a beta of 0.86.
The Hartford Financial Services Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Wednesday, May 31st. The Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 29.26%.
Analyst Upgrades and Downgrades
HIG has been the topic of a number of recent research reports. 888 reaffirmed a “reiterates” rating on shares of The Hartford Financial Services Group in a research report on Monday, May 1st. Wells Fargo & Company upped their price target on shares of The Hartford Financial Services Group from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 5th. JPMorgan Chase & Co. upped their price target on shares of The Hartford Financial Services Group from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, March 31st. Credit Suisse Group restated an “outperform” rating and set a $104.00 target price on shares of The Hartford Financial Services Group in a research note on Monday, April 17th. Finally, Evercore ISI lowered their price objective on shares of The Hartford Financial Services Group from $85.00 to $80.00 and set an “in-line” rating on the stock in a research note on Thursday, April 13th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.15.
The Hartford Financial Services Group Profile
The Hartford Financial Services Group, Inc provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.
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