Twin Tree Management LP Takes $674,000 Position in Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

Twin Tree Management LP acquired a new stake in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,817 shares of the insurance provider’s stock, valued at approximately $674,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Hartford Financial Services Group, Inc. (The) by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 36,359,323 shares of the insurance provider’s stock valued at $1,747,791,000 after acquiring an additional 1,177,520 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Hartford Financial Services Group, Inc. (The) by 10.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock valued at $1,580,827,000 after buying an additional 2,730,796 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Hartford Financial Services Group, Inc. (The) by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,528,791 shares of the insurance provider’s stock valued at $395,789,000 after buying an additional 53,677 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Hartford Financial Services Group, Inc. (The) by 0.3% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 6,161,222 shares of the insurance provider’s stock valued at $323,895,000 after buying an additional 21,037 shares during the last quarter. Finally, LSV Asset Management grew its holdings in shares of Hartford Financial Services Group, Inc. (The) by 1.1% during the 2nd quarter. LSV Asset Management now owns 5,879,555 shares of the insurance provider’s stock worth $309,088,000 after purchasing an additional 64,299 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) traded up 0.347% during midday trading on Friday, hitting $53.515. The company had a trading volume of 1,013,769 shares. The stock’s 50-day moving average price is $54.83 and its 200-day moving average price is $51.15. The stock has a market capitalization of $19.50 billion, a price-to-earnings ratio of 29.372 and a beta of 0.92. Hartford Financial Services Group, Inc. has a one year low of $41.61 and a one year high of $57.16.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.10. The business had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. Hartford Financial Services Group, Inc. (The)’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. Analysts predict that Hartford Financial Services Group, Inc. will post $4.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is currently 51.40%.

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, July 4th. ValuEngine upgraded Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Deutsche Bank AG assumed coverage on Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, June 6th. They set a “buy” rating and a $60.00 target price for the company. BidaskClub upgraded Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Finally, Barclays PLC raised their target price on Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Hartford Financial Services Group, Inc. (The) has an average rating of “Buy” and an average price target of $56.91.

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Hartford Financial Services Group, Inc. (The) Company Profile

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

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