Advisory Services Network Lowers stake in Hartford Financial Services Group Inc (HIG)

Hartford Financial Services Group Inc (HIG) : Advisory Services Network reduced its stake in Hartford Financial Services Group Inc by 64.69% during the most recent quarter end. The investment management company now holds a total of 4,452 shares of Hartford Financial Services Group Inc which is valued at $194,152 after selling 8,155 shares in Hartford Financial Services Group Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Hartford Financial Services Group Inc makes up approximately 0.04% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in HIG by selling 19,699 shares or 27.09% in the most recent quarter. The Hedge Fund company now holds 53,020 shares of HIG which is valued at $2,339,773. Hartford Financial Services Group Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. First National Bank Of Mount Dora Trust Investment Services added HIG to its portfolio by purchasing 31,680 company shares during the most recent quarter which is valued at $1,398,038. Hartford Financial Services Group Inc makes up approx 0.78% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Chevy Chase Trust Holdings reduced its stake in HIG by selling 14,678 shares or 4.34% in the most recent quarter. The Hedge Fund company now holds 323,700 shares of HIG which is valued at $14,284,881. Hartford Financial Services Group Inc makes up approx 0.08% of Chevy Chase Trust Holdings’s portfolio.

Hartford Financial Services Group Inc closed down -0.08 points or -0.18% at $43.61 with 22,03,778 shares getting traded on Friday. Post opening the session at $43.79, the shares hit an intraday low of $43.46 and an intraday high of $43.94 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Hartford Financial Services Group Inc reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.49 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.80. The company had revenue of $4677.00 million for the quarter, compared to analysts expectations of $4853.00 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.91 EPS.

Many Wall Street Analysts have commented on Hartford Financial Services Group Inc. Company shares were Reiterated by Mizuho on Aug 11, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .Shares were Reiterated by FBR Capital on Aug 10, 2016 to “Outperform” and Lowered the Price Target to $ 47 from a previous price target of $50 .Shares were Reiterated by MKM Partners on Jul 29, 2016 to “Buy” and Lowered the Price Target to $ 50 from a previous price target of $55 .

The Hartford Financial Services Group Inc. (The Hartford) is an insurance and financial services holding company. The Hartford is a provider of property and casualty insurance and group life and disability products to individual and business customers in the United States of America. It is also a provider of mutual funds to investors and additionally The Hartford manages life and annuity products. The Hartford conducts business principally in six segments including Commercial Lines (formerly Property & Casualty Commercial) Personal Lines (formerly Consumer Markets) Property & Casualty Other Operations Group Benefits Mutual Funds and Talcott Resolution as well as a Corporate category. The Hartford includes in its Corporate category the Company’s debt financing and related interest expense as well as other capital raising activities and purchase accounting adjustments related to goodwill and other expenses not allocated to other segments.

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