Sarasin Partners Llp Lowers stake in Hartford Financial Services Group Inc (HIG)

Hartford Financial Services Group Inc (HIG) : Sarasin Partners Llp reduced its stake in Hartford Financial Services Group Inc by 19.01% during the most recent quarter end. The investment management company now holds a total of 2,354,044 shares of Hartford Financial Services Group Inc which is valued at $101,953,646 after selling 552,721 shares in Hartford Financial Services Group Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Hartford Financial Services Group Inc makes up approximately 1.63% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in HIG by selling 1,371 shares or 12.4% in the most recent quarter. The Hedge Fund company now holds 9,683 shares of HIG which is valued at $419,371. Hartford Financial Services Group Inc makes up approx 0.04% of Reliance Trust Co Of Delaware’s portfolio.Capstone Asset Management Co reduced its stake in HIG by selling 160 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 50,925 shares of HIG which is valued at $2,199,451. Hartford Financial Services Group Inc makes up approx 0.06% of Capstone Asset Management Co’s portfolio.British Columbia Investment Management Corp reduced its stake in HIG by selling 29,684 shares or 13.82% in the most recent quarter. The Hedge Fund company now holds 185,059 shares of HIG which is valued at $7,992,698. Hartford Financial Services Group Inc makes up approx 0.08% of British Columbia Investment Management Corp’s portfolio.Carroll Financial Associates reduced its stake in HIG by selling 360 shares or 14.99% in the most recent quarter. The Hedge Fund company now holds 2,041 shares of HIG which is valued at $89,151. Hartford Financial Services Group Inc makes up approx 0.01% of Carroll Financial Associates’s portfolio.Washington Trust Bank reduced its stake in HIG by selling 1,370 shares or 92.76% in the most recent quarter. The Hedge Fund company now holds 107 shares of HIG which is valued at $4,722.

Hartford Financial Services Group Inc opened for trading at $43.2 and hit $43.82 on the upside on Friday, eventually ending the session at $43.31, with a gain of 1.05% or 0.45 points. The heightened volatility saw the trading volume jump to 21,29,754 shares. Company has a market cap of $16,716 M.

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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