Sarasin & Partners LLP cut its position in The Hartford Financial Services Group Inc. (NYSE:HIG) by 19.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,354,044 shares of the company’s stock after selling 552,721 shares during the period. The Hartford Financial Services Group comprises about 1.6% of Sarasin & Partners LLP’s holdings, making the stock its 25th largest position. Sarasin & Partners LLP’s holdings in The Hartford Financial Services Group were worth $100,800,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Northwestern Mutual Investment Management Company LLC increased its stake in shares of The Hartford Financial Services Group 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 last quarter. RS Investment Management Co. LLC purchased a new stake in The Hartford Financial Services Group during the second quarter valued at approximately $15,702,000. Shelton Capital Management increased its stake in The Hartford Financial Services Group by 115.3% in the second quarter. Shelton Capital Management now owns 20,733 shares of the company’s stock valued at $920,000 after buying an additional 11,101 shares in the last quarter. Strs Ohio increased its stake in The Hartford Financial Services Group by 1.8% in the second quarter. Strs Ohio now owns 233,639 shares of the company’s stock valued at $10,368,000 after buying an additional 4,211 shares in the last quarter. Finally, Klingenstein Fields & Co. LLC increased its stake in The Hartford Financial Services Group by 3.0% in the second quarter. Klingenstein Fields & Co. LLC now owns 551,788 shares of the company’s stock valued at $24,489,000 after buying an additional 15,980 shares in the last quarter. Institutional investors and hedge funds own 88.68% of the company’s stock.

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

The Hartford Financial Services Group Inc. (NYSE:HIG) opened at 46.92 on Wednesday. The stock’s 50 day moving average price is $44.86 and its 200-day moving average price is $43.25. The Hartford Financial Services Group Inc. has a 12 month low of $36.54 and a 12 month high of $48.17. The stock has a market cap of $17.72 billion, a PE ratio of 13.53 and a beta of 1.24.

The Hartford Financial Services Group (NYSE:HIG) last posted its earnings results on Thursday, October 27th. The company reported $1.06 EPS for the quarter, topping 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. The Hartford Financial Services Group had a return on equity of 7.49% and a net margin of 7.65%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 EPS. Analysts anticipate that The Hartford Financial Services Group Inc. will post $3.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 1st will be issued a $0.23 dividend. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, November 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.96%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 24.28%.

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Several research firms have recently commented on HIG. Atlantic Securities downgraded The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $45.00 in a report on Wednesday, August 10th. FBR & Co downgraded The Hartford Financial Services Group from an “outperform” rating to a “market perform” rating and set a $47.00 price objective for the company. in a report on Monday. Credit Suisse Group AG set a $51.00 price objective on The Hartford Financial Services Group and gave the company a “buy” rating in a report on Monday, September 12th. Mizuho boosted their price objective on The Hartford Financial Services Group from $47.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, Bank of America Corp. downgraded The Hartford Financial Services Group from a “buy” rating to a “neutral” rating in a report on Wednesday, November 16th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.45.

In other The Hartford Financial Services Group news, SVP Scott R. Lewis sold 5,868 shares of The Hartford Financial Services Group stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $44.16, for a total value of $259,130.88. Following the completion of the sale, the senior vice president now owns 12,812 shares of the company’s stock, valued at approximately $565,777.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.23% of the stock is owned by company insiders.

About The Hartford Financial Services Group

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.

5 Day Chart for NYSE:HIG

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