Nicholas Hoffman & Company LLC. Has $428,000 Stock Holdings in Hartford Financial Services Group Inc (NYSE:HIG)

Nicholas Hoffman & Company LLC. decreased its holdings in Hartford Financial Services Group Inc (NYSE:HIG) by 11.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,150 shares of the insurance provider’s stock after selling 1,508 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Hartford Financial Services Group were worth $428,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. MUFG Securities EMEA plc increased its position in shares of Hartford Financial Services Group by 67.0% during the 4th quarter. MUFG Securities EMEA plc now owns 142,396 shares of the insurance provider’s stock worth $8,653,000 after purchasing an additional 57,131 shares in the last quarter. CX Institutional increased its position in shares of Hartford Financial Services Group by 34,500.9% during the 1st quarter. CX Institutional now owns 37,023 shares of the insurance provider’s stock worth $1,305,000 after purchasing an additional 36,916 shares in the last quarter. Highstreet Asset Management Inc. acquired a new stake in shares of Hartford Financial Services Group during the 4th quarter worth about $345,000. Bank of America Corp DE increased its position in shares of Hartford Financial Services Group by 12.5% during the 4th quarter. Bank of America Corp DE now owns 2,734,247 shares of the insurance provider’s stock worth $166,160,000 after purchasing an additional 304,818 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Hartford Financial Services Group by 36.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 124,932 shares of the insurance provider’s stock worth $7,592,000 after purchasing an additional 33,415 shares in the last quarter. Institutional investors own 89.03% of the company’s stock.

In other news, Director Trevor Fetter acquired 10,000 shares of Hartford Financial Services Group stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $41.38 per share, with a total value of $413,800.00. Following the purchase, the director now directly owns 70,757 shares of the company’s stock, valued at $2,927,924.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by company insiders.

A number of equities research analysts recently issued reports on the stock. Janney Montgomery Scott assumed coverage on shares of Hartford Financial Services Group in a research report on Tuesday, March 10th. They set a “buy” rating and a $55.00 target price for the company. Deutsche Bank decreased their price objective on shares of Hartford Financial Services Group from $63.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Wells Fargo & Co decreased their price objective on shares of Hartford Financial Services Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Atlantic Securities raised shares of Hartford Financial Services Group from a “neutral” rating to an “overweight” rating and set a $55.00 price objective on the stock in a report on Tuesday, March 24th. Finally, ValuEngine raised shares of Hartford Financial Services Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $57.38.

Shares of NYSE HIG traded down $0.12 during mid-day trading on Friday, hitting $36.99. The company’s stock had a trading volume of 3,959,688 shares, compared to its average volume of 3,226,186. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 7.90 and a beta of 0.97. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.29 and a quick ratio of 0.29. Hartford Financial Services Group Inc has a one year low of $19.04 and a one year high of $62.75. The company’s fifty day simple moving average is $36.57 and its 200-day simple moving average is $51.18.

Hartford Financial Services Group (NYSE:HIG) last issued its earnings results on Wednesday, April 29th. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.01. The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.24 billion. Hartford Financial Services Group had a net margin of 8.33% and a return on equity of 13.25%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $1.39 EPS. On average, sell-side analysts predict that Hartford Financial Services Group Inc will post 4.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Monday, June 1st will be paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Friday, May 29th. Hartford Financial Services Group’s payout ratio is 23.01%.

Hartford Financial Services Group Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.

Recommended Story: Why are percentage gainers important?

Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hartford Financial Services Group Inc (NYSE:HIG).

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

Receive News & Ratings for Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.