Mercer Global Advisors Inc. ADV Purchases 7,562 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Mercer Global Advisors Inc. ADV increased its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIGGet Rating) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 170,373 shares of the insurance provider’s stock after buying an additional 7,562 shares during the quarter. Mercer Global Advisors Inc. ADV owned 0.05% of The Hartford Financial Services Group worth $11,763,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Marathon Asset Mgmt Ltd acquired a new stake in shares of The Hartford Financial Services Group in the 3rd quarter valued at about $80,243,000. Bank of America Corp DE grew its holdings in The Hartford Financial Services Group by 41.0% during the second quarter. Bank of America Corp DE now owns 3,710,372 shares of the insurance provider’s stock worth $229,931,000 after purchasing an additional 1,078,151 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of The Hartford Financial Services Group by 28.8% during the third quarter. Bank of New York Mellon Corp now owns 4,002,178 shares of the insurance provider’s stock worth $281,153,000 after acquiring an additional 893,852 shares during the period. Millennium Management LLC boosted its holdings in shares of The Hartford Financial Services Group by 131.0% during the third quarter. Millennium Management LLC now owns 1,332,758 shares of the insurance provider’s stock worth $93,626,000 after acquiring an additional 755,746 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of The Hartford Financial Services Group by 89.0% during the second quarter. Morgan Stanley now owns 1,458,772 shares of the insurance provider’s stock worth $90,401,000 after acquiring an additional 687,072 shares during the period. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE HIG traded down $2.74 during trading on Tuesday, hitting $72.31. 112,864 shares of the company traded hands, compared to its average volume of 2,080,529. The business’s fifty day moving average is $70.87 and its 200 day moving average is $70.79. The Hartford Financial Services Group, Inc. has a fifty-two week low of $59.86 and a fifty-two week high of $78.17. The firm has a market capitalization of $23.91 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 1.56 and a beta of 1.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.31 and a current ratio of 0.31.

The Hartford Financial Services Group (NYSE:HIGGet Rating) last announced its quarterly earnings data on Thursday, February 3rd. The insurance provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.50. The Hartford Financial Services Group had a net margin of 10.56% and a return on equity of 12.39%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. On average, analysts predict that The Hartford Financial Services Group, Inc. will post 6.87 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 4th. Investors of record on Tuesday, March 1st were issued a $0.385 dividend. The ex-dividend date was Monday, February 28th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.13%. The Hartford Financial Services Group’s dividend payout ratio is presently 23.19%.

In related news, EVP Robert W. Paiano sold 8,510 shares of the firm’s stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $75.00, for a total value of $638,250.00. Following the completion of the transaction, the executive vice president now directly owns 37,142 shares of the company’s stock, valued at approximately $2,785,650. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Scott R. Lewis sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $75.00, for a total transaction of $375,000.00. Following the completion of the transaction, the senior vice president now directly owns 20,121 shares of the company’s stock, valued at $1,509,075. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

A number of research firms have recently weighed in on HIG. Wells Fargo & Company lifted their price target on shares of The Hartford Financial Services Group from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, January 4th. Morgan Stanley dropped their price target on shares of The Hartford Financial Services Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Friday, January 14th. Barclays boosted their price objective on shares of The Hartford Financial Services Group from $85.00 to $86.00 and gave the company an “overweight” rating in a research report on Tuesday, April 12th. StockNews.com started coverage on shares of The Hartford Financial Services Group in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. lowered their price objective on shares of The Hartford Financial Services Group from $79.00 to $76.00 in a research report on Thursday, January 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $79.92.

The Hartford Financial Services Group Profile (Get Rating)

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