The 9,087 Shares in Hartford Financial Services Group, Inc. (The) (HIG) Acquired by Brown Brothers Harriman & Co.

The 9,087 Shares in Hartford Financial Services Group, Inc. (The) (HIG) Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. acquired a new position in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,087 shares of the company’s stock, valued at approximately $389,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC boosted its stake in Hartford Financial Services Group, Inc. (The) by 28.9% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 947,754 shares of the company’s stock worth $42,061,000 after buying an additional 212,757 shares during the period. World Asset Management Inc boosted its stake in Hartford Financial Services Group, Inc. (The) by 0.4% in the third quarter. World Asset Management Inc now owns 40,274 shares of the company’s stock worth $1,725,000 after buying an additional 142 shares during the period. California State Teachers Retirement System boosted its stake in Hartford Financial Services Group, Inc. (The) by 0.9% in the third quarter. California State Teachers Retirement System now owns 860,357 shares of the company’s stock worth $36,840,000 after buying an additional 7,400 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Hartford Financial Services Group, Inc. (The) by 42.9% in the third quarter. TIAA CREF Investment Management LLC now owns 2,107,624 shares of the company’s stock worth $90,248,000 after buying an additional 632,288 shares during the period. Finally, RS Investment Management Co. LLC purchased a new stake in Hartford Financial Services Group, Inc. (The) during the second quarter worth approximately $15,702,000. Institutional investors own 88.44% of the company’s stock.

Hartford Financial Services Group, Inc. (NYSE:HIG) traded up 1.77% during midday trading on Wednesday, hitting $49.40. The company had a trading volume of 4,826,190 shares. Hartford Financial Services Group, Inc. has a 1-year low of $37.40 and a 1-year high of $49.68. The company has a 50 day moving average price of $48.05 and a 200 day moving average price of $44.17. The firm has a market capitalization of $18.66 billion, a P/E ratio of 14.25 and a beta of 1.23.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its quarterly earnings data on Thursday, October 27th. The company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.11. The business earned $4.70 billion during the quarter, compared to analyst estimates 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 company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. Equities research analysts forecast that Hartford Financial Services Group, Inc. will post $3.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 1st were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, November 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.86%. This is a positive change from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.21. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is presently 26.59%.

HIG has been the subject of several recent research reports. MKM Partners boosted their price target on Hartford Financial Services Group, Inc. (The) from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, December 9th. Barclays PLC reissued an “overweight” rating and set a $47.00 price target (up previously from $46.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Saturday, October 1st. Zacks Investment Research raised Hartford Financial Services Group, Inc. (The) from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 27th. Credit Suisse Group initiated coverage on Hartford Financial Services Group, Inc. (The) in a report on Friday, October 7th. They set a “buy” rating for the company. Finally, Royal Bank Of Canada raised Hartford Financial Services Group, Inc. (The) from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $46.00 to $54.00 in a report on Friday, December 9th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Hartford Financial Services Group, Inc. (The) presently has an average rating of “Hold” and an average price target of $50.42.

In other Hartford Financial Services Group, Inc. (The) news, SVP Scott R. Lewis sold 5,868 shares of Hartford Financial Services Group, Inc. (The) stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $44.16, for a total transaction of $259,130.88. Following the completion of the transaction, the senior vice president now owns 12,812 shares in the company, valued at approximately $565,777.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.23% of the company’s stock.

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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