The Hartford Financial Services Group, Inc. (The) (HIG) Stake Boosted by Ontario Teachers Pension Plan Board

The Hartford Financial Services Group, Inc. (The) (HIG) Stake Boosted by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board raised its stake in Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 3.2% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 152,951 shares of the company’s stock after buying an additional 4,759 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Hartford Financial Services Group, Inc. (The) were worth $6,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Johnson Financial Group Inc. boosted its position in Hartford Financial Services Group, Inc. (The) 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 during the last quarter. Euclid Advisors LLC acquired a new position in Hartford Financial Services Group, Inc. (The) during the second quarter valued at about $120,000. FineMark National Bank & Trust boosted its position in Hartford Financial Services Group, Inc. (The) by 29.8% in the third quarter. FineMark National Bank & Trust now owns 2,827 shares of the company’s stock valued at $122,000 after buying an additional 649 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new position in Hartford Financial Services Group, Inc. (The) during the third quarter valued at about $136,000. Finally, Howe & Rusling Inc. boosted its position in Hartford Financial Services Group, Inc. (The) by 92.5% in the second quarter. Howe & Rusling Inc. now owns 3,307 shares of the company’s stock valued at $147,000 after buying an additional 1,589 shares during the last quarter. 89.67% of the stock is owned by institutional investors.

Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) traded up 0.06% during midday trading on Monday, reaching $48.96. The company had a trading volume of 3,207,711 shares. The company’s 50-day moving average is $48.23 and its 200-day moving average is $44.50. Hartford Financial Services Group, Inc. has a 52-week low of $38.06 and a 52-week high of $49.68. The firm has a market cap of $18.49 billion, a P/E ratio of 14.12 and a beta of 1.23.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its earnings results on Thursday, October 27th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The company earned $4.70 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Hartford Financial Services Group, Inc. (The) had a return on equity of 7.49% and a net margin of 7.65%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. Equities research analysts expect that Hartford Financial Services Group, Inc. will post $3.25 EPS for the current fiscal year.

Several research analysts recently weighed in on the company. RBC Capital Markets cut Hartford Financial Services Group, Inc. (The) from an “outperform” rating to an “average” rating in a research note on Friday, December 9th. Barclays PLC reaffirmed a “buy” rating and set a $55.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday, January 9th. MKM Partners raised their target price on Hartford Financial Services Group, Inc. (The) from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, December 9th. Zacks Investment Research raised Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Tuesday, January 3rd. Finally, Credit Suisse Group assumed coverage on Hartford Financial Services Group, Inc. (The) in a research note on Friday, October 7th. They set a “buy” rating for the company. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $50.82.

In other news, SVP Scott R. Lewis sold 5,868 shares of Hartford Financial Services Group, Inc. (The) stock in a transaction on Wednesday, November 2nd. The stock was 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 approximately $565,777.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.23% of the stock is currently owned by company insiders.

About Hartford Financial Services Group, Inc. (The)

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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