Hartford Financial Services Group Inc (HIG) Position Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 54,257 shares of the insurance provider’s stock after purchasing an additional 2,820 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Hartford Financial Services Group were worth $3,007,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HIG. Bronfman E.L. Rothschild L.P. lifted its position in shares of Hartford Financial Services Group by 1.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,111 shares of the insurance provider’s stock worth $216,000 after purchasing an additional 48 shares during the last quarter. First Allied Advisory Services Inc. raised its stake in shares of Hartford Financial Services Group by 0.5% during the 2nd quarter. First Allied Advisory Services Inc. now owns 12,501 shares of the insurance provider’s stock worth $659,000 after buying an additional 58 shares during the period. Scotia Capital Inc. raised its stake in shares of Hartford Financial Services Group by 0.3% during the 2nd quarter. Scotia Capital Inc. now owns 33,319 shares of the insurance provider’s stock worth $1,751,000 after buying an additional 102 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Hartford Financial Services Group by 3.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,166 shares of the insurance provider’s stock worth $219,000 after buying an additional 127 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Hartford Financial Services Group by 0.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 58,257 shares of the insurance provider’s stock worth $3,065,000 after buying an additional 149 shares during the period. 88.62% of the stock is currently owned by institutional investors.

Shares of Hartford Financial Services Group Inc (NYSE HIG) opened at $55.17 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 0.40. Hartford Financial Services Group Inc has a 12-month low of $46.35 and a 12-month high of $58.61. The company has a market capitalization of $19,680.17, a P/E ratio of 14.83, a P/E/G ratio of 1.63 and a beta of 0.98.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. Hartford Financial Services Group had a return on equity of 8.21% and a net margin of 2.63%. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the business earned $1.06 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. analysts predict that Hartford Financial Services Group Inc will post 3.57 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, November 30th. Hartford Financial Services Group’s payout ratio is presently 76.34%.

HIG has been the subject of several research analyst reports. BidaskClub downgraded Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research raised Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Thursday, September 14th. Wells Fargo & Company set a $55.00 target price on Hartford Financial Services Group and gave the stock a “hold” rating in a research note on Thursday, November 16th. UBS upped their target price on Hartford Financial Services Group from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Barclays upped their target price on Hartford Financial Services Group from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Hartford Financial Services Group presently has an average rating of “Buy” and an average price target of $57.75.

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Hartford Financial Services Group Company Profile

Institutional Ownership by Quarter for Hartford Financial Services Group (NYSE:HIG)

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