Reservoir Operations Lowers stake in Hartford Financial Services Group Inc (HIG)

Hartford Financial Services Group Inc (HIG) : Reservoir Operations reduced its stake in Hartford Financial Services Group Inc by 33.33% during the most recent quarter end. The investment management company now holds a total of 51,249 shares of Hartford Financial Services Group Inc which is valued at $2,054,572 after selling 25,625 shares in Hartford Financial Services Group Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Hartford Financial Services Group Inc makes up approximately 2.57% of Reservoir Operations’s portfolio.

Other Hedge Funds, Including , Prudential Plc boosted its stake in HIG in the latest quarter, The investment management firm added 245,410 additional shares and now holds a total of 3,546,805 shares of Hartford Financial Services Group Inc which is valued at $142,191,412. Hartford Financial Services Group Inc makes up approx 0.55% of Prudential Plc’s portfolio.Tower Research Capital (trc) boosted its stake in HIG in the latest quarter, The investment management firm added 12,105 additional shares and now holds a total of 12,603 shares of Hartford Financial Services Group Inc which is valued at $505,254. Hartford Financial Services Group Inc makes up approx 0.05% of Tower Research Capital (trc)’s portfolio.Cambridge Investment Research Advisors reduced its stake in HIG by selling 2,308 shares or 13.56% in the most recent quarter. The Hedge Fund company now holds 14,708 shares of HIG which is valued at $597,880. Hartford Financial Services Group Inc makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.Pillar Pacific Capital Management reduced its stake in HIG by selling 2,889 shares or 13.56% in the most recent quarter. The Hedge Fund company now holds 18,411 shares of HIG which is valued at $746,566. Hartford Financial Services Group Inc makes up approx 0.12% of Pillar Pacific Capital Management’s portfolio.

Hartford Financial Services Group Inc closed down -0.26 points or -0.64% at $40.12 with 24,61,841 shares getting traded on Tuesday. Post opening the session at $40.43, the shares hit an intraday low of $40.1 and an intraday high of $40.55 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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