Janus Henderson Group PLC Has $167.27 Million Stake in Hartford Financial Services Group, Inc. (The) (HIG)

Janus Henderson Group PLC increased its position in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 5,984.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,181,908 shares of the insurance provider’s stock after acquiring an additional 3,129,613 shares during the quarter. Janus Henderson Group PLC owned about 0.87% of Hartford Financial Services Group, Inc. (The) worth $167,272,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HIG. Neuberger Berman Group LLC grew its holdings in Hartford Financial Services Group, Inc. (The) by 4.2% during the 1st quarter. Neuberger Berman Group LLC now owns 50,621 shares of the insurance provider’s stock valued at $2,433,000 after buying an additional 2,061 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hartford Financial Services Group, Inc. (The) during the first quarter worth about $240,000. LMR Partners LLP purchased a new position in shares of Hartford Financial Services Group, Inc. (The) during the first quarter worth about $578,000. Rafferty Asset Management LLC grew its holdings in shares of Hartford Financial Services Group, Inc. (The) by 260.5% during the first quarter. Rafferty Asset Management LLC now owns 71,048 shares of the insurance provider’s stock worth $3,415,000 after purchasing an additional 51,340 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its holdings in shares of Hartford Financial Services Group, Inc. (The) by 8.3% during the first quarter. OppenheimerFunds Inc. now owns 54,576 shares of the insurance provider’s stock worth $2,623,000 after purchasing an additional 4,200 shares in the last quarter. 88.36% of the stock is owned by institutional investors and hedge funds.

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Several analysts have weighed in on the company. UBS AG reiterated a “buy” rating and issued a $58.00 price objective (up previously from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a research report on Monday, June 26th. BidaskClub upgraded Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Buckingham Research assumed coverage on Hartford Financial Services Group, Inc. (The) in a research note on Monday, September 11th. They issued a “buy” rating and a $63.00 price target on the stock. Barclays PLC upped their price target on Hartford Financial Services Group, Inc. (The) from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $58.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research note on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $57.27.

Hartford Financial Services Group, Inc. (NYSE:HIG) traded down 0.09% during trading on Tuesday, reaching $56.03. The company’s stock had a trading volume of 242,055 shares. The firm has a market capitalization of $20.41 billion, a P/E ratio of 30.75 and a beta of 0.91. The stock has a 50-day moving average of $54.54 and a 200 day moving average of $52.18. Hartford Financial Services Group, Inc. has a one year low of $42.30 and a one year high of $57.16.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The firm had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the company earned $0.31 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts predict that Hartford Financial Services Group, Inc. will post $3.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 1st were paid a $0.23 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.64%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is presently 51.40%.

About Hartford Financial Services Group, Inc. (The)

Institutional Ownership by Quarter for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

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