Todays Report: Today, Creative Planning Reached $1,790,000 position of The Hartford Financial Services Group Inc. (HIG)

Today, Creative Planning Reached $1,790,000 position  of The Hartford Financial Services Group Inc. (HIG)

Creative Planning boosted its position in shares of The Hartford Financial Services Group Inc. (NYSE:HIG) by 19.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 41,813 shares of the company’s stock after buying an additional 6,839 shares during the period. Creative Planning’s holdings in The Hartford Financial Services Group were worth $1,790,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HIG. Northwestern Mutual Investment Management Company LLC boosted its position in shares of The Hartford Financial Services Group by 28.9% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 947,754 shares of the company’s stock valued at $42,061,000 after buying an additional 212,757 shares in the last quarter. RS Investment Management Co. LLC bought a new position in shares of The Hartford Financial Services Group during the second quarter valued at about $15,702,000. Shelton Capital Management boosted its position in shares of The Hartford Financial Services Group by 115.3% in the second quarter. Shelton Capital Management now owns 20,733 shares of the company’s stock valued at $920,000 after buying an additional 11,101 shares in the last quarter. Strs Ohio boosted its position in shares of The Hartford Financial Services Group by 1.8% in the second quarter. Strs Ohio now owns 233,639 shares of the company’s stock valued at $10,368,000 after buying an additional 4,211 shares in the last quarter. Finally, Klingenstein Fields & Co. LLC boosted its position in shares of The Hartford Financial Services Group by 3.0% in the second quarter. Klingenstein Fields & Co. LLC now owns 551,788 shares of the company’s stock valued at $24,489,000 after buying an additional 15,980 shares in the last quarter. Hedge funds and other institutional investors own 91.04% of the company’s stock.

The Hartford Financial Services Group Inc. (NYSE:HIG) traded down 0.27% on Friday, hitting $47.87. 829,758 shares of the stock traded hands. The company has a market capitalization of $18.08 billion, a PE ratio of 13.81 and a beta of 1.24. The firm has a 50-day moving average price of $44.75 and a 200-day moving average price of $43.25. The Hartford Financial Services Group Inc. has a 12 month low of $36.54 and a 12 month high of $48.17.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The company had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.68 billion. The Hartford Financial Services Group had a net margin of 7.65% and a return on equity of 7.49%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS. Analysts forecast that The Hartford Financial Services Group Inc. will post $3.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 1st will be given a dividend of $0.23 per share. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.92 dividend on an annualized basis and a yield of 1.92%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 24.28%.

Several research firms recently commented on HIG. Atlantic Securities lowered shares of The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $45.00 in a research note on Wednesday, August 10th. Barclays PLC dropped their price objective on shares of The Hartford Financial Services Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, July 29th. MKM Partners dropped their price objective on shares of The Hartford Financial Services Group from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. FBR & Co dropped their price objective on shares of The Hartford Financial Services Group from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of The Hartford Financial Services Group from $52.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, August 1st. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $47.45.

In other The Hartford Financial Services Group news, Director H Patrick Swygert sold 7,500 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $40.35, for a total transaction of $302,625.00. Following the transaction, the director now owns 34,745 shares of the company’s stock, valued at approximately $1,401,960.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Scott R. Lewis sold 5,868 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $44.16, for a total transaction of $259,130.88. Following the transaction, the senior vice president now directly owns 12,812 shares in the company, valued at approximately $565,777.92. The disclosure for this sale can be found here. Company insiders own 1.23% of the company’s stock.

The Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc is a holding company. The Company operates through six segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

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