Wealthfront Inc. Has $624,000 Holdings in Hartford Financial Services Group Inc (HIG)

Wealthfront Inc. reduced its position in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,087 shares of the insurance provider’s stock after selling 2,019 shares during the period. Wealthfront Inc.’s holdings in Hartford Financial Services Group were worth $624,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HIG. Principal Financial Group Inc. boosted its stake in shares of Hartford Financial Services Group by 226.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,921,539 shares of the insurance provider’s stock worth $106,511,000 after purchasing an additional 1,333,127 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Hartford Financial Services Group by 31.7% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,202,001 shares of the insurance provider’s stock worth $232,917,000 after purchasing an additional 1,012,591 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Hartford Financial Services Group by 31.0% during the 3rd quarter. Janus Henderson Group PLC now owns 4,168,047 shares of the insurance provider’s stock worth $231,034,000 after purchasing an additional 986,139 shares during the last quarter. Virtus Fund Advisers LLC boosted its stake in shares of Hartford Financial Services Group by 120.8% during the 4th quarter. Virtus Fund Advisers LLC now owns 1,215,200 shares of the insurance provider’s stock worth $68,660,000 after purchasing an additional 664,900 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Hartford Financial Services Group during the 3rd quarter worth about $31,242,000. 87.06% of the stock is currently owned by institutional investors.

Hartford Financial Services Group Inc (NYSE:HIG) opened at $53.95 on Thursday. Hartford Financial Services Group Inc has a 1-year low of $46.35 and a 1-year high of $59.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.27 and a quick ratio of 0.40. The company has a market cap of $19,202.97, a P/E ratio of 15.60, a P/E/G ratio of 1.29 and a beta of 0.93.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. Hartford Financial Services Group had a negative net margin of 16.79% and a positive return on equity of 7.89%. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the firm posted $1.08 earnings per share. Hartford Financial Services Group’s revenue for the quarter was up 14.1% compared to the same quarter last year. equities analysts expect that Hartford Financial Services Group Inc will post 4.41 EPS for the current fiscal year.

Several equities research analysts have issued reports on the stock. ValuEngine raised shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Goldman Sachs Group began coverage on shares of Hartford Financial Services Group in a report on Monday, December 4th. They set a “neutral” rating and a $59.00 price objective on the stock. Wells Fargo & Co set a $55.00 price objective on shares of Hartford Financial Services Group and gave the stock a “hold” rating in a report on Monday, December 4th. Citigroup began coverage on shares of Hartford Financial Services Group in a report on Wednesday, December 20th. They set a “neutral” rating and a $59.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Hartford Financial Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.00.

TRADEMARK VIOLATION NOTICE: “Wealthfront Inc. Has $624,000 Holdings in Hartford Financial Services Group Inc (HIG)” was first reported by BBNS and is the property of of BBNS. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://baseballnewssource.com/markets/wealthfront-inc-has-624000-holdings-in-hartford-financial-services-group-inc-hig/1905388.html.

About Hartford Financial Services Group

The Hartford Financial Services Group, Inc is a holding company for insurance and financial services subsidiaries. The Company’s segments include Commercial Lines, which provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the United States; Personal Lines, which provides automobile, homeowners and personal umbrella coverages to individuals across the United States; Group Benefits, which provides group life, accident and disability coverage, and other products and services; Property & Casualty Other Operations, which includes certain property and casualty operations; Mutual Funds, which provides investment management, administration, product distribution and related services to investors; Talcott Resolution, which consists of the run-off of the Company’s the United States individual and institutional annuity, and Private Placement Life Insurance (PPLI) businesses, and Corporate.

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

Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped


Leave a Reply

 
© 2006-2018 BBNS.