Walleye Capital LLC Grows Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Walleye Capital LLC raised its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIGGet Rating) by 331.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,760 shares of the insurance provider’s stock after purchasing an additional 15,181 shares during the quarter. Walleye Capital LLC’s holdings in The Hartford Financial Services Group were worth $1,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HIG. HighTower Advisors LLC lifted its holdings in The Hartford Financial Services Group by 15.4% during the fourth quarter. HighTower Advisors LLC now owns 28,855 shares of the insurance provider’s stock valued at $1,991,000 after purchasing an additional 3,852 shares during the last quarter. Covestor Ltd purchased a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth about $27,000. Private Advisor Group LLC lifted its holdings in shares of The Hartford Financial Services Group by 7.2% in the fourth quarter. Private Advisor Group LLC now owns 15,706 shares of the insurance provider’s stock worth $1,085,000 after buying an additional 1,059 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth about $6,352,000. Finally, Mission Wealth Management LP lifted its holdings in shares of The Hartford Financial Services Group by 19.7% in the fourth quarter. Mission Wealth Management LP now owns 3,694 shares of the insurance provider’s stock worth $255,000 after buying an additional 607 shares in the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HIG shares. Barclays lowered their price target on shares of The Hartford Financial Services Group to $78.00 in a report on Tuesday, August 9th. Citigroup assumed coverage on shares of The Hartford Financial Services Group in a research note on Monday, May 23rd. They issued a “buy” rating and a $81.00 target price on the stock. Jefferies Financial Group lowered their target price on shares of The Hartford Financial Services Group from $77.00 to $72.00 and set a “hold” rating on the stock in a research note on Tuesday, July 12th. Royal Bank of Canada lowered their target price on shares of The Hartford Financial Services Group from $77.00 to $71.00 and set a “sector perform” rating on the stock in a research note on Monday, August 1st. Finally, Credit Suisse Group raised their target price on shares of The Hartford Financial Services Group from $93.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, June 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and an average price target of $81.20.

Insider Transactions at The Hartford Financial Services Group

In other news, SVP Scott R. Lewis sold 2,558 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $65.04, for a total value of $166,372.32. Following the transaction, the senior vice president now owns 18,396 shares in the company, valued at $1,196,475.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

The Hartford Financial Services Group Stock Down 0.5 %

Shares of NYSE HIG opened at $65.35 on Friday. The Hartford Financial Services Group, Inc. has a one year low of $61.59 and a one year high of $78.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The firm’s 50 day simple moving average is $65.46 and its two-hundred day simple moving average is $68.28. The stock has a market capitalization of $21.12 billion, a P/E ratio of 10.75, a PEG ratio of 1.30 and a beta of 0.91.

The Hartford Financial Services Group (NYSE:HIGGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The insurance provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.63. The Hartford Financial Services Group had a net margin of 9.42% and a return on equity of 15.03%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $5.53 billion. During the same period last year, the business earned $2.33 earnings per share. As a group, analysts expect that The Hartford Financial Services Group, Inc. will post 7.21 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Thursday, September 1st will be issued a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Wednesday, August 31st. The Hartford Financial Services Group’s dividend payout ratio is 25.33%.

About The Hartford Financial Services Group

(Get Rating)

The Hartford Financial Services Group, Inc provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

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

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