Benin Management Corp buys $9,317,950 stake in Hartford Financial Services Group Inc (HIG)

Hartford Financial Services Group Inc (HIG) : Benin Management Corp scooped up 5,500 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 Jul 12, 2016. The investment management firm now holds a total of 214,551 shares of Hartford Financial Services Group Inc which is valued at $9,317,950.Hartford Financial Services Group Inc makes up approximately 4.71% of Benin Management Corp’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in HIG in the latest quarter, The investment management firm added 4,979 additional shares and now holds a total of 34,974 shares of Hartford Financial Services Group Inc which is valued at $1,518,921. Hartford Financial Services Group Inc makes up approx 0.01% of Creative Planning’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in HIG in the latest quarter, The investment management firm added 5,247 additional shares and now holds a total of 101,828 shares of Hartford Financial Services Group Inc which is valued at $4,437,664. Hartford Financial Services Group Inc makes up approx 0.09% of Exxonmobil Investment Management Inc Tx’s portfolio.Dnb Asset Management As boosted its stake in HIG in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 33,973 shares of Hartford Financial Services Group Inc which is valued at $1,480,543. Hartford Financial Services Group Inc makes up approx 0.03% of Dnb Asset Management As’s portfolio.British Columbia Investment Management Corp reduced its stake in HIG by selling 49,737 shares or 18.81% in the most recent quarter. The Hedge Fund company now holds 214,743 shares of HIG which is valued at $9,358,500. Hartford Financial Services Group Inc makes up approx 0.08% of British Columbia Investment Management Corp’s portfolio.Cullinan Associates Inc boosted its stake in HIG in the latest quarter, The investment management firm added 18,500 additional shares and now holds a total of 36,300 shares of Hartford Financial Services Group Inc which is valued at $1,606,638. Hartford Financial Services Group Inc makes up approx 0.13% of Cullinan Associates Inc’s portfolio.

Hartford Financial Services Group Inc closed down -0.05 points or -0.11% at $43.75 with 19,59,018 shares getting traded on Friday. Post opening the session at $43.96, the shares hit an intraday low of $43.6 and an intraday high of $43.99 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 $0.78 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.

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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