As Hartford Finl Svcs Group INC Com (HIG) Valuation Declined, Shareholder Lord Abbett & Company Cut Holding

The Hartford Financial Services Group, Inc. (NYSE:HIG) LogoInvestors sentiment increased to 0.91 in 2018 Q2. Its up 0.20, from 0.71 in 2018Q1. It improved, as 39 investors sold HIG shares while 194 reduced holdings. 51 funds opened positions while 161 raised stakes. 308.43 million shares or 0.70% more from 306.29 million shares in 2018Q1 were reported. The Missouri-based Scout Invs Inc has invested 0.49% in The Hartford Financial Services Group, Inc. (NYSE:HIG). Stone Ridge Asset Mgmt Lc invested 0.03% in The Hartford Financial Services Group, Inc. (NYSE:HIG). Gemmer Asset Mngmt Limited Liability, California-based fund reported 421 shares. Thompson Siegel & Walmsley Lc reported 1,255 shares or 0% of all its holdings. Smith Asset Mngmt Group Limited Partnership owns 880 shares. Camelot Portfolios Limited Liability Co holds 0.11% or 4,910 shares. Oakworth Capital holds 0% of its portfolio in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 240 shares. Rhumbline Advisers has 666,945 shares. State Treasurer State Of Michigan owns 0.04% invested in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 106,075 shares. Huntington Bank, a Ohio-based fund reported 6,388 shares. Moreover, Heartland Advisors has 0.02% invested in The Hartford Financial Services Group, Inc. (NYSE:HIG). Kentucky Retirement Systems invested in 0.08% or 15,206 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.03% or 73,555 shares. Returns Mgmt Lc has 527,773 shares. Employees Retirement Association Of Colorado holds 0.02% or 64,351 shares.

Since August 1, 2018, it had 0 insider buys, and 2 sales for $1.37 million activity. Bombara Beth Ann had sold 23,906 shares worth $1.26M.

Lord Abbett & Company decreased its stake in Hartford Finl Svcs Group Inc Com (HIG) by 15.57% based on its latest 2018Q2 regulatory filing with the SEC. Lord Abbett & Company sold 517,018 shares as the company’s stock declined 7.82% while stock markets rallied. The institutional investor held 2.80 million shares of the finance company at the end of 2018Q2, valued at $143.31M, down from 3.32M at the end of the previous reported quarter. Lord Abbett & Company who had been investing in Hartford Finl Svcs Group Inc Com for a number of months, seems to be less bullish one the $14.93B market cap company. The stock decreased 1.70% or $0.72 during the last trading session, reaching $41.63. About 3.04M shares traded or 11.04% up from the average. The Hartford Financial Services Group, Inc. (NYSE:HIG) has declined 9.08% since December 8, 2017 and is downtrending. It has underperformed by 24.70% the S&P500.

Lord Abbett & Company, which manages about $34.21 billion US Long portfolio, upped its stake in Eaton Corp Plc Shs (NYSE:ETN) by 55,400 shares to 542,000 shares, valued at $40.51 million in 2018Q2, according to the filing. It also increased its holding in Paypal Hldgs Inc Com by 46,007 shares in the quarter, for a total of 710,668 shares, and has risen its stake in Crane Co Com (NYSE:CR).

Analysts await The Hartford Financial Services Group, Inc. (NYSE:HIG) to report earnings on February, 14. They expect $1.08 earnings per share, up 33.33 % or $0.27 from last year’s $0.81 per share. HIG’s profit will be $387.43 million for 9.64 P/E if the $1.08 EPS becomes a reality. After $1.15 actual earnings per share reported by The Hartford Financial Services Group, Inc. for the previous quarter, Wall Street now forecasts -6.09 % negative EPS growth.

More notable recent The Hartford Financial Services Group, Inc. (NYSE:HIG) news were published by: Bizjournals.com which released: “HIG Capital sells ACG Materials for $315M – South Florida – South Florida Business Journal” on December 07, 2018, also Seekingalpha.com with their article: “Hartford to buy Navigators for $2.1B – Seeking Alpha” published on August 22, 2018, Businesswire.com published: “The Hartford Broadens Its Commitment To Supporting People With Disabilities With New Ability Equipped Program – Business Wire” on November 15, 2018. More interesting news about The Hartford Financial Services Group, Inc. (NYSE:HIG) were released by: Businesswire.com and their article: “The Hartford Comments On Fourth Quarter 2018 Catastrophe Losses – Business Wire” published on December 05, 2018 as well as Seekingalpha.com‘s news article titled: “Merger Arbitrage Mondays – November 19, 2018 – Seeking Alpha” with publication date: November 20, 2018.

The Hartford Financial Services Group, Inc. (NYSE:HIG) Ratings Coverage

Among 7 analysts covering Hartford Financial (NYSE:HIG), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Hartford Financial had 8 analyst reports since August 7, 2018 according to SRatingsIntel. Buckingham Research maintained the shares of HIG in report on Tuesday, October 30 with “Buy” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, November 14. The stock has “Neutral” rating by FBR Capital on Tuesday, August 7. The firm has “Overweight” rating given on Monday, November 12 by Barclays Capital. The stock has “Market Perform” rating by Wells Fargo on Tuesday, October 9. FBR Capital upgraded The Hartford Financial Services Group, Inc. (NYSE:HIG) rating on Monday, September 24. FBR Capital has “Buy” rating and $60 target.

The Hartford Financial Services Group, Inc. (NYSE:HIG) Institutional Positions Chart

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