Fisher Asset Management LLC Purchases 245 Shares of Hartford Financial Services Group, Inc. (The) (HIG)

Fisher Asset Management LLC increased its stake in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,671 shares of the insurance provider’s stock after buying an additional 245 shares during the period. Fisher Asset Management LLC’s holdings in Hartford Financial Services Group, Inc. (The) were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HIG. Westside Investment Management Inc. raised its position in shares of Hartford Financial Services Group, Inc. (The) by 85.8% in the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock valued at $103,000 after buying an additional 1,000 shares during the period. Quadrant Capital Group LLC raised its position in shares of Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 2,293 shares of the insurance provider’s stock valued at $106,000 after buying an additional 10 shares during the period. Hartford Financial Management Inc. raised its position in shares of Hartford Financial Services Group, Inc. (The) by 489.6% in the first quarter. Hartford Financial Management Inc. now owns 2,653 shares of the insurance provider’s stock valued at $127,000 after buying an additional 2,203 shares during the period. Advisory Services Network LLC bought a new position in shares of Hartford Financial Services Group, Inc. (The) during the first quarter valued at approximately $163,000. Finally, Coconut Grove Bank raised its position in shares of Hartford Financial Services Group, Inc. (The) by 65.4% in the first quarter. Coconut Grove Bank now owns 3,440 shares of the insurance provider’s stock valued at $165,000 after buying an additional 1,360 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Shares of Hartford Financial Services Group, Inc. (HIG) traded down 0.07% during mid-day trading on Friday, reaching $55.56. 4,524,540 shares of the company traded hands. The firm has a 50 day moving average of $54.43 and a 200-day moving average of $50.40. The stock has a market capitalization of $20.24 billion, a PE ratio of 30.49 and a beta of 0.93. Hartford Financial Services Group, Inc. has a 52 week low of $39.68 and a 52 week 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.10. The business had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. On average, equities research analysts expect that Hartford Financial Services Group, Inc. will post $4.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 1.66%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is presently 51.40%.

TRADEMARK VIOLATION WARNING: “Fisher Asset Management LLC Purchases 245 Shares of Hartford Financial Services Group, Inc. (The) (HIG)” was posted by BNB Daily and is owned by of BNB Daily. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.baseball-news-blog.com/2017/08/19/hartford-financial-services-group-inc-the-hig-position-raised-by-fisher-asset-management-llc-updated-updated-updated.html.

Several brokerages have commented on HIG. UBS AG restated a “buy” rating and issued a $58.00 price objective (up from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, June 26th. Credit Suisse Group set a $51.00 price objective on shares of Hartford Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a report on Sunday, April 30th. Barclays PLC upped their target price on shares of 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. BidaskClub raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Hartford Financial Services Group, Inc. (The) currently has an average rating of “Buy” and an average target price of $56.30.

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

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

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

Latest News

Leave a Reply