Counsel Portfolio Services buys $10.6 Million stake in Hartford Financial Services Group Inc (HIG)

Hartford Financial Services Group Inc (HIG) : Counsel Portfolio Services scooped up 110,675 additional shares in Hartford Financial Services Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 237,462 shares of Hartford Financial Services Group Inc which is valued at $10.6 Million.Hartford Financial Services Group Inc makes up approximately 1.04% of Counsel Portfolio Services’s portfolio.

Other Hedge Funds, Including , Winch Advisory Services sold out all of its stake in HIG during the most recent quarter. The investment firm sold 356 shares of HIG which is valued $15,821.Johnson Financial Group boosted its stake in HIG in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 703 shares of Hartford Financial Services Group Inc which is valued at $31,241. Hartford Financial Services Group Inc makes up approx 0.01% of Johnson Financial Group’s portfolio. Vsr Financial Services sold out all of its stake in HIG during the most recent quarter. The investment firm sold 8,105 shares of HIG which is valued $355,566.Swiss National Bank boosted its stake in HIG in the latest quarter, The investment management firm added 310,800 additional shares and now holds a total of 1,064,015 shares of Hartford Financial Services Group Inc which is valued at $46.7 Million. Hartford Financial Services Group Inc makes up approx 0.08% of Swiss National Bank’s portfolio.

Hartford Financial Services Group Inc opened for trading at $44.42 and hit $45.18 on the upside on Friday, eventually ending the session at $45, with a gain of 2.16% or 0.95 points. The heightened volatility saw the trading volume jump to 27,34,936 shares. Company has a market cap of $17,702 M.

On the company’s financial health, Hartford Financial Services Group Inc reported $0.78 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $1.01. The company had revenue of $4391.00 million for the quarter, compared to analysts expectations of $4703.50 million. The company’s revenue was down -4.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on Hartford Financial Services Group Inc. Hartford Financial Services Group Inc was Downgraded by Wells Fargo to ” Market Perform” on May 17, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 12, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $40 .

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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