Stratos Wealth Partners LTD. Sells 2,054 Shares of Hartford Financial Services Group, Inc. (The) (HIG)

Stratos Wealth Partners LTD. reduced its holdings in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 31.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,472 shares of the insurance provider’s stock after selling 2,054 shares during the period. Stratos Wealth Partners LTD.’s holdings in Hartford Financial Services Group, Inc. (The) were worth $248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Hartford Financial Services Group, Inc. (The) by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 36,517,346 shares of the insurance provider’s stock worth $1,919,716,000 after buying an additional 158,023 shares during the period. JPMorgan Chase & Co. increased its stake in Hartford Financial Services Group, Inc. (The) by 10.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock worth $1,580,827,000 after buying an additional 2,730,796 shares during the period. Bank of New York Mellon Corp increased its stake in Hartford Financial Services Group, Inc. (The) by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,528,791 shares of the insurance provider’s stock worth $395,789,000 after buying an additional 53,677 shares during the period. FMR LLC increased its stake in Hartford Financial Services Group, Inc. (The) by 22.2% during the 2nd quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock worth $372,144,000 after buying an additional 1,284,664 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its stake in Hartford Financial Services Group, Inc. (The) by 0.3% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 6,161,222 shares of the insurance provider’s stock worth $323,895,000 after buying an additional 21,037 shares during the period. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Hartford Financial Services Group, Inc. (NYSE:HIG) opened at $56.14 on Monday. Hartford Financial Services Group, Inc. has a twelve month low of $46.35 and a twelve month high of $57.16. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $20,030.00, a price-to-earnings ratio of 15.09, a PEG ratio of 1.61 and a beta of 0.98.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter in the prior year, the business posted $1.06 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. sell-side analysts expect that Hartford Financial Services Group, Inc. will post 3.67 earnings per share for the current year.

The business also recently announced 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 boost from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.78%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is presently 70.23%.

Several equities research analysts recently weighed in on HIG shares. BidaskClub raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Friday, September 22nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $58.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research note on Sunday, July 30th. Deutsche Bank AG reaffirmed a “buy” rating and set a $61.00 target price (up from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, August 1st. Finally, Buckingham Research initiated coverage on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday, September 11th. They set a “buy” rating and a $63.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $57.42.

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About Hartford Financial Services Group, Inc. (The)

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

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