UBS Asset Management Americas Inc. Buys 419,666 Shares of Hartford Financial Services Group Inc (NYSE:HIG)

UBS Asset Management Americas Inc. lifted its holdings in Hartford Financial Services Group Inc (NYSE:HIG) by 30.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,818,358 shares of the insurance provider’s stock after purchasing an additional 419,666 shares during the period. UBS Asset Management Americas Inc. owned 0.50% of Hartford Financial Services Group worth $101,319,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of HIG. Virtus ETF Advisers LLC bought a new position in shares of Hartford Financial Services Group in the second quarter worth about $26,000. NuWave Investment Management LLC increased its stake in shares of Hartford Financial Services Group by 950.0% in the second quarter. NuWave Investment Management LLC now owns 504 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 456 shares during the period. Rational Advisors LLC increased its stake in shares of Hartford Financial Services Group by 950.0% in the second quarter. Rational Advisors LLC now owns 504 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 456 shares during the period. Icon Wealth Partners LLC bought a new position in shares of Hartford Financial Services Group in the first quarter worth about $33,000. Finally, Redhawk Wealth Advisors Inc. bought a new position in shares of Hartford Financial Services Group in the second quarter worth about $40,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada lifted their target price on Hartford Financial Services Group to $68.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. B. Riley lifted their target price on Hartford Financial Services Group from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Morgan Stanley lifted their target price on Hartford Financial Services Group from $58.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 15th. UBS Group lifted their target price on Hartford Financial Services Group from $61.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, ValuEngine downgraded Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. Hartford Financial Services Group has an average rating of “Buy” and an average price target of $62.08.



NYSE HIG traded down $0.25 during trading on Wednesday, reaching $60.30. 1,010,375 shares of the company traded hands, compared to its average volume of 1,643,827. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s 50 day moving average price is $59.10 and its two-hundred day moving average price is $54.68. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 1.20 and a beta of 0.64. Hartford Financial Services Group Inc has a 1-year low of $40.54 and a 1-year high of $61.23.

Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings data on Thursday, August 1st. The insurance provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.22. The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.07 billion. Hartford Financial Services Group had a return on equity of 12.44% and a net margin of 8.36%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 earnings per share. Equities research analysts expect that Hartford Financial Services Group Inc will post 5.3 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Friday, August 30th. Hartford Financial Services Group’s payout ratio is 27.71%.

In other Hartford Financial Services Group news, CEO Christopher Swift sold 24,279 shares of Hartford Financial Services Group stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $60.32, for a total transaction of $1,464,509.28. Following the sale, the chief executive officer now directly owns 211,218 shares of the company’s stock, valued at $12,740,669.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Martha Gervasi sold 3,672 shares of Hartford Financial Services Group stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $57.95, for a total value of $212,792.40. Following the sale, the insider now directly owns 18,882 shares in the company, valued at $1,094,211.90. The disclosure for this sale can be found here. Insiders have sold 71,142 shares of company stock worth $4,235,058 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Hartford Financial Services Group Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.

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Institutional Ownership by Quarter for Hartford Financial Services Group (NYSE:HIG)

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