Retirement Systems of Alabama Reduces Position in Hartford Financial Services Group, Inc. (The) (HIG)

Retirement Systems of Alabama lessened its holdings in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 392,423 shares of the insurance provider’s stock after selling 8,624 shares during the period. Retirement Systems of Alabama owned 0.11% of Hartford Financial Services Group, Inc. (The) worth $21,752,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HIG. Dupont Capital Management Corp purchased a new stake in Hartford Financial Services Group, Inc. (The) during the 2nd quarter valued at about $119,000. Sun Life Financial INC grew its stake in Hartford Financial Services Group, Inc. (The) by 26,810.0% during the 2nd quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after acquiring an additional 2,681 shares in the last quarter. Hartford Financial Management Inc. grew its stake in Hartford Financial Services Group, Inc. (The) by 5.7% during the 2nd quarter. Hartford Financial Management Inc. now owns 2,803 shares of the insurance provider’s stock valued at $147,000 after acquiring an additional 150 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in Hartford Financial Services Group, Inc. (The) during the 2nd quarter valued at about $148,000. Finally, HM Capital Management LLC purchased a new stake in Hartford Financial Services Group, Inc. (The) during the 2nd quarter valued at about $205,000. 90.32% of the stock is owned by institutional investors.

Hartford Financial Services Group, Inc. (HIG) opened at $55.55 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.28. Hartford Financial Services Group, Inc. has a fifty-two week low of $46.30 and a fifty-two week high of $57.16. The company has a market cap of $19,805.02, a P/E ratio of 14.93, a PEG ratio of 1.59 and a beta of 0.98.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its quarterly earnings data on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. Hartford Financial Services Group, Inc. (The) had a net margin of 2.63% and a return on equity of 8.21%. The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the prior year, the business posted $1.06 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. research analysts anticipate that Hartford Financial Services Group, Inc. will post 3.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be issued a $0.25 dividend. This is a positive change from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, November 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is currently 70.23%.

HIG has been the topic of several recent analyst reports. Wells Fargo & Company reiterated a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a report on Friday, July 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $58.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a report on Sunday, July 30th. Zacks Investment Research upgraded shares of Hartford Financial Services Group, Inc. (The) from a “sell” rating to a “hold” rating and set a $62.00 target price on the stock in a report on Monday, July 31st. Deutsche Bank AG reiterated a “buy” rating and issued a $61.00 target price (up from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, August 1st. Finally, Barclays PLC boosted their target price on shares of Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, August 11th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $57.42.

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Hartford Financial Services Group, Inc. (The) Profile

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

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