The World Asset Management Inc Has $1.93 Million Position in Hartford Financial Services Group Inc (HIG)

The World Asset Management Inc Has $1.93 Million Position in Hartford Financial Services Group Inc (HIG)

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hartford Investment Management Co. raised its position in Hartford Financial Services Group by 1.1% in the third quarter. Hartford Investment Management Co. now owns 49,869 shares of the insurance provider’s stock worth $2,135,000 after buying an additional 534 shares during the last quarter. Zweig DiMenna Associates LLC bought a new stake in Hartford Financial Services Group during the third quarter worth approximately $6,423,000. Nomura Asset Management Co. Ltd. increased its stake in Hartford Financial Services Group by 1.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 53,290 shares of the insurance provider’s stock worth $2,282,000 after buying an additional 800 shares during the period. Principal Financial Group Inc. increased its stake in Hartford Financial Services Group by 3.3% in the third quarter. Principal Financial Group Inc. now owns 612,745 shares of the insurance provider’s stock worth $26,238,000 after buying an additional 19,854 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in Hartford Financial Services Group by 1.3% in the third quarter. Venturi Wealth Management LLC now owns 112,181 shares of the insurance provider’s stock worth $4,804,000 after buying an additional 1,430 shares during the period. 89.59% of the stock is owned by institutional investors and hedge funds.

World Asset Management Inc raised its stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 8.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,045 shares of the insurance provider’s stock after buying an additional 3,241 shares during the period. World Asset Management Inc’s holdings in Hartford Financial Services Group were worth $1,925,000 as of its most recent filing with the SEC.

Shares of Hartford Financial Services Group Inc (HIG) opened at 49.64 on Monday. The company has a market cap of $18.24 billion, a price-to-earnings ratio of 20.19 and a beta of 1.22. Hartford Financial Services Group Inc has a 12-month low of $38.92 and a 12-month high of $50.26. The stock has a 50 day moving average of $48.79 and a 200 day moving average of $48.32.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, April 27th. The insurance provider reported $1.00 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by $0.02. The company had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.90 billion. Hartford Financial Services Group had a net margin of 4.90% and a return on equity of 7.40%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. On average, equities analysts expect that Hartford Financial Services Group Inc will post $4.17 earnings per share for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.85%. The ex-dividend date is Tuesday, May 30th. Hartford Financial Services Group’s payout ratio is 41.26%.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, April 27th. The insurance provider reported $1.00 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by $0.02. The company had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.90 billion. Hartford Financial Services Group had a net margin of 4.90% and a return on equity of 7.40%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. On average, equities analysts expect that Hartford Financial Services Group Inc will post $4.17 earnings per share for the current fiscal year. A number of research firms recently commented on HIG. ValuEngine upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday. Credit Suisse Group AG restated a “hold” rating and set a $53.00 price target on shares of Hartford Financial Services Group in a report on Sunday, February 5th. Wells Fargo & Co restated a “hold” rating on shares of Hartford Financial Services Group in a report on Tuesday, April 18th. Zacks Investment Research downgraded shares of Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. Finally, FBR & Co boosted their target price on shares of Hartford Financial Services Group from $47.00 to $49.00 and gave the stock a “mkt perform” rating in a research report on Monday, February 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.36.

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