Today, 4,275 Shares of The Hartford Financial Services Group Inc. (HIG) are sold by Oregon Public Employees Retirement Fund

Today, 4,275 Shares of The Hartford Financial Services Group Inc. (HIG) are sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lowered its stake in shares of The Hartford Financial Services Group Inc. (NYSE:HIG) by 5.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,623 shares of the company’s stock after selling 4,275 shares during the period. Oregon Public Employees Retirement Fund’s holdings in The Hartford Financial Services Group were worth $3,452,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in HIG. Johnson Financial Group Inc. boosted its stake in The Hartford Financial Services Group by 259.6% in the second quarter. Johnson Financial Group Inc. now owns 2,528 shares of the company’s stock valued at $112,000 after buying an additional 1,825 shares in the last quarter. Euclid Advisors LLC acquired a new position in shares of The Hartford Financial Services Group during the second quarter valued at about $120,000. Global X Management Co. LLC raised its position in shares of The Hartford Financial Services Group by 126.1% in the second quarter. Global X Management Co. LLC now owns 2,761 shares of the company’s stock valued at $123,000 after buying an additional 1,540 shares during the last quarter. MUFG Americas Holdings Corp raised its position in shares of The Hartford Financial Services Group by 14.4% in the second quarter. MUFG Americas Holdings Corp now owns 2,869 shares of the company’s stock valued at $127,000 after buying an additional 362 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of The Hartford Financial Services Group during the second quarter valued at about $134,000. 88.68% of the stock is owned by institutional investors and hedge funds.

Shares of The Hartford Financial Services Group Inc. (NYSE:HIG) traded down 0.96% during mid-day trading on Monday, hitting $47.41. 2,269,733 shares of the stock were exchanged. The stock has a 50-day moving average price of $44.75 and a 200 day moving average price of $43.25. The firm has a market cap of $17.91 billion, a price-to-earnings ratio of 13.67 and a beta of 1.24. The Hartford Financial Services Group Inc. has a 52-week low of $36.54 and a 52-week high of $48.17.

The Hartford Financial Services Group (NYSE:HIG) last issued its earnings results on Thursday, October 27th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.11. The Hartford Financial Services Group had a net margin of 7.65% and a return on equity of 7.49%. The firm earned $4.70 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts expect that The Hartford Financial Services Group Inc. will post $3.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 1st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 1.94%. The Hartford Financial Services Group’s dividend payout ratio is 24.28%.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of The Hartford Financial Services Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 27th. FBR & Co decreased their price target on shares of The Hartford Financial Services Group from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, August 10th. Atlantic Securities lowered shares of The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $45.00 in a research note on Wednesday, August 10th. Barclays PLC reiterated an “overweight” rating and issued a $47.00 price target (up from $46.00) on shares of The Hartford Financial Services Group in a research note on Saturday, October 1st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of The Hartford Financial Services Group from $52.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, August 1st. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The Hartford Financial Services Group presently has a consensus rating of “Hold” and an average price target of $47.45.

In related news, SVP Scott R. Lewis sold 5,868 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $44.16, for a total value of $259,130.88. Following the completion of the sale, the senior vice president now directly owns 12,812 shares of the company’s stock, valued at $565,777.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.23% of the stock is currently owned by corporate insiders.

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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