Hartford Financial Services Group Inc (NYSE:HIG) Shares Acquired by Pictet Asset Management Ltd.

Share on StockTwits

Pictet Asset Management Ltd. lifted its stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 7.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,363 shares of the insurance provider’s stock after purchasing an additional 15,148 shares during the period. Pictet Asset Management Ltd.’s holdings in Hartford Financial Services Group were worth $13,235,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in shares of Hartford Financial Services Group by 14.3% during the 3rd quarter. First Trust Advisors LP now owns 1,199,437 shares of the insurance provider’s stock worth $72,698,000 after purchasing an additional 150,178 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Hartford Financial Services Group by 46.0% during the 2nd quarter. Schroder Investment Management Group now owns 75,841 shares of the insurance provider’s stock worth $4,226,000 after purchasing an additional 23,879 shares during the last quarter. CSat Investment Advisory L.P. boosted its holdings in shares of Hartford Financial Services Group by 135.9% during the 2nd quarter. CSat Investment Advisory L.P. now owns 821 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 473 shares during the last quarter. Tyers Asset Management LLC boosted its holdings in shares of Hartford Financial Services Group by 64.7% during the 2nd quarter. Tyers Asset Management LLC now owns 26,664 shares of the insurance provider’s stock worth $1,486,000 after purchasing an additional 10,472 shares during the last quarter. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Hartford Financial Services Group during the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 90.27% of the company’s stock.

In other Hartford Financial Services Group news, CEO Christopher Swift sold 30,979 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $61.80, for a total transaction of $1,914,502.20. Also, EVP Jonathan R. Bennett sold 22,427 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $61.80, for a total value of $1,385,988.60. Insiders have sold 112,071 shares of company stock worth $6,807,896 over the last 90 days. 1.70% of the stock is owned by insiders.

NYSE:HIG opened at $61.86 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average is $59.75 and its two-hundred day moving average is $57.75. Hartford Financial Services Group Inc has a 52 week low of $40.54 and a 52 week high of $62.75. The stock has a market capitalization of $22.53 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.20 and a beta of 0.62.

Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.26. Hartford Financial Services Group had a return on equity of 12.69% and a net margin of 8.66%. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the firm earned $1.15 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts expect that Hartford Financial Services Group Inc will post 5.5 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, November 29th. Hartford Financial Services Group’s dividend payout ratio (DPR) is 27.71%.

A number of research analysts recently commented on HIG shares. Evercore ISI upgraded Hartford Financial Services Group from an “in-line” rating to an “outperform” rating in a report on Wednesday, October 16th. Zacks Investment Research upgraded Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Thursday, November 7th. MKM Partners upped their price objective on Hartford Financial Services Group to $70.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. ValuEngine upgraded Hartford Financial Services Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 5th. Finally, Barclays set a $70.00 price objective on Hartford Financial Services Group and gave the company a “buy” rating in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $63.75.

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. 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.

Featured Story: Stop Order

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)

Receive News & Ratings for Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.