Rothschild & Co. Asset Management US Inc. Has $28.82 Million Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

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Rothschild & Co. Asset Management US Inc. lowered its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 28.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 781,886 shares of the insurance provider’s stock after selling 310,575 shares during the period. Rothschild & Co. Asset Management US Inc. owned 0.22% of The Hartford Financial Services Group worth $28,820,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Horan Capital Advisors LLC. bought a new position in shares of The Hartford Financial Services Group during the third quarter valued at $28,000. Nachman Norwood & Parrott Inc bought a new position in shares of The Hartford Financial Services Group during the third quarter valued at $33,000. Orion Portfolio Solutions LLC raised its stake in shares of The Hartford Financial Services Group by 82.0% during the second quarter. Orion Portfolio Solutions LLC now owns 892 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 402 shares during the last quarter. Hall Laurie J Trustee bought a new position in shares of The Hartford Financial Services Group during the third quarter valued at $37,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of The Hartford Financial Services Group by 370.0% during the third quarter. Harbor Investment Advisory LLC now owns 1,175 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 925 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

HIG has been the subject of several analyst reports. Royal Bank of Canada raised their price target on shares of The Hartford Financial Services Group from $43.00 to $46.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. Morgan Stanley lifted their target price on shares of The Hartford Financial Services Group from $45.00 to $49.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Credit Suisse Group lifted their target price on shares of The Hartford Financial Services Group from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Barclays assumed coverage on shares of The Hartford Financial Services Group in a research note on Tuesday. They set an “overweight” rating and a $51.00 target price for the company. Finally, Bank of America lowered their target price on shares of The Hartford Financial Services Group from $57.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The Hartford Financial Services Group has an average rating of “Buy” and an average target price of $54.07.

Shares of NYSE HIG traded down $0.38 during mid-day trading on Tuesday, reaching $45.96. 15,716 shares of the company’s stock traded hands, compared to its average volume of 2,843,961. The stock has a market cap of $16.61 billion, a P/E ratio of 9.69, a PEG ratio of 1.06 and a beta of 0.99. The business has a 50-day simple moving average of $39.37 and a 200 day simple moving average of $39.38. The Hartford Financial Services Group, Inc. has a 1-year low of $19.04 and a 1-year high of $62.75. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, October 29th. The insurance provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.58. The firm had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $5.15 billion. The Hartford Financial Services Group had a net margin of 8.50% and a return on equity of 12.19%. The business’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. Equities research analysts anticipate that The Hartford Financial Services Group, Inc. will post 5.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, November 30th. The Hartford Financial Services Group’s dividend payout ratio is currently 23.01%.

In other news, CEO Christopher Swift purchased 6,975 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were acquired at an average cost of $35.98 per share, for a total transaction of $250,960.50. Following the completion of the acquisition, the chief executive officer now owns 227,309 shares in the company, valued at $8,178,577.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by company insiders.

About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc provides insurance and financial services to individual and business customers in the United States and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance products; 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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