Hartford Financial Services Group, Inc. (The) (HIG) Shares Bought by Scotia Capital Inc.

Scotia Capital Inc. increased its stake in shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,319 shares of the insurance provider’s stock after purchasing an additional 102 shares during the quarter. Scotia Capital Inc.’s holdings in Hartford Financial Services Group, Inc. (The) were worth $1,751,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. grew its stake in shares of Hartford Financial Services Group, Inc. (The) by 1.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,111 shares of the insurance provider’s stock valued at $216,000 after purchasing an additional 48 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in Hartford Financial Services Group, Inc. (The) by 0.5% in the second quarter. First Allied Advisory Services Inc. now owns 12,501 shares of the insurance provider’s stock valued at $659,000 after acquiring an additional 58 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Hartford Financial Services Group, Inc. (The) by 3.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,166 shares of the insurance provider’s stock valued at $219,000 after acquiring an additional 127 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Hartford Financial Services Group, Inc. (The) by 2.3% in the second quarter. Stratos Wealth Partners LTD. now owns 6,526 shares of the insurance provider’s stock valued at $343,000 after acquiring an additional 144 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Hartford Financial Services Group, Inc. (The) by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 58,257 shares of the insurance provider’s stock valued at $3,065,000 after acquiring an additional 149 shares during the last quarter. 88.23% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, July 4th. BidaskClub raised shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Barclays PLC raised their price objective on shares of Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Zacks Investment Research cut shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, Buckingham Research assumed coverage on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday, September 11th. They issued a “buy” rating and a $63.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $57.00.

Shares of Hartford Financial Services Group, Inc. (NYSE HIG) traded up 0.66% during trading on Friday, hitting $56.23. 217,739 shares of the stock were exchanged. The stock has a market cap of $20.48 billion, a P/E ratio of 30.86 and a beta of 0.91. The firm’s 50 day moving average price is $54.52 and its 200-day moving average price is $52.05. Hartford Financial Services Group, Inc. has a 52 week low of $42.30 and a 52 week high of $57.16.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.10. The business had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. Hartford Financial Services Group, Inc. (The)’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, analysts predict that Hartford Financial Services Group, Inc. will post $3.78 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 1st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is presently 51.40%.

Hartford Financial Services Group, Inc. (The) Company Profile

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

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