North Point Portfolio Managers Corpoh Lowers stake in Hartford Financial Services Group Inc (HIG)

Hartford Financial Services Group Inc (HIG) : North Point Portfolio Managers Corpoh reduced its stake in Hartford Financial Services Group Inc by 2.71% during the most recent quarter end. The investment management company now holds a total of 289,486 shares of Hartford Financial Services Group Inc which is valued at $12,682,382 after selling 8,054 shares in Hartford Financial Services Group Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Hartford Financial Services Group Inc makes up approximately 2.42% of North Point Portfolio Managers Corpoh’s portfolio.

Other Hedge Funds, Including , Rs Investment Management Co added HIG to its portfolio by purchasing 353,810 company shares during the most recent quarter which is valued at $15,500,416. Hartford Financial Services Group Inc makes up approx 0.15% of Rs Investment Management Co’s portfolio. Financial Architects Inc added HIG to its portfolio by purchasing 947 company shares during the most recent quarter which is valued at $41,488. Hartford Financial Services Group Inc makes up approx 0.01% of Financial Architects Inc’s portfolio. Americafirst Capital Management sold out all of its stake in HIG during the most recent quarter. The investment firm sold 24,462 shares of HIG which is valued $1,069,723.

Hartford Financial Services Group Inc closed down -4.08 points or -9.29% at $39.85 with 1,69,21,706 shares getting traded on Friday. Post opening the session at $40.81, the shares hit an intraday low of $38.92 and an intraday high of $40.82 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. 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 .Hartford Financial Services Group Inc was Downgraded by Wells Fargo to ” Market Perform” on May 17, 2016.

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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