Benin Management Corp Lowers stake in Hartford Financial Services Group Inc (HIG)

Hartford Financial Services Group Inc (HIG) : Benin Management Corp reduced its stake in Hartford Financial Services Group Inc by 5.19% during the most recent quarter end. The investment management company now holds a total of 209,051 shares of Hartford Financial Services Group Inc which is valued at $9,426,110 after selling 11,440 shares in Hartford Financial Services Group Inc , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Hartford Financial Services Group Inc makes up approximately 4.98% of Benin Management Corp’s portfolio.

Hartford Financial Services Group Inc opened for trading at $44.9 and hit $45.29 on the upside on Friday, eventually ending the session at $45.09, with a gain of 0.60% or 0.27 points. The heightened volatility saw the trading volume jump to 27,79,058 shares. Company has a market cap of $17,886 M.

Other Hedge Funds, Including , Dorsey Wright Associates boosted its stake in HIG in the latest quarter, The investment management firm added 1,450 additional shares and now holds a total of 51,105 shares of Hartford Financial Services Group Inc which is valued at $2,291,548. Hartford Financial Services Group Inc makes up approx 1.22% of Dorsey Wright Associates’s portfolio.

On the company’s financial health, Hartford Financial Services Group Inc reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.98. The company had revenue of $4513.00 million for the quarter, compared to analysts expectations of $4702.00 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.96 EPS.

Many Wall Street Analysts have commented on Hartford Financial Services Group Inc. 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 .Hartford Financial Services Group Inc was Upgraded by Atlantic Equities to ” Overweight” on Jan 26, 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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