Hartford Financial Services Group (HIG) to Repurchase $775.00 million in Outstanding Stock

Postado Agosto 13, 2017

Its up 34.65% from 3.00 million shares, reported previously. With 24,600 avg volume, 3 days are for Relm Wireless Corporation (NYSEMKT:RWC)'s short sellers to cover RWC's short positions. The SI to Cincinnati Financial's float is 2.61%. Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) has declined 5.22% since August 11, 2016 and is downtrending. It has underperformed by 16.49% the S&P500. Westside Investment Management Inc. increased its position in Hartford Financial Services Group by 85.8% in the first quarter. Lsv Asset Management now holds 5,879,555 shares worth $309,088,000.

Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) opened at 56.04 on Friday. 1,776K shares changed hands in the last trading session. It has underperformed by 6.78% the S&P500.

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.19, from 0.67 in 2016Q3. 54 funds opened positions while 152 raised stakes. Renaissance Technologies Ltd stated it has 557,400 shares or 0% of all its holdings. Bb&T Corp sold 73,820 shares as the company's stock rose 0.12% with the market. This dividend represents a yield of $1.64. State Treasurer State Of Michigan invested 0.03% of its portfolio in Cincinnati Financial Corporation (NASDAQ:CINF). Blackrock holds 0% or 2,670 shares. Gru invested in 0% or 44,901 shares. Barclays Public Limited Liability invested in 3,479 shares. The Pennsylvania-based Janney Montgomery Scott Ltd Liability Com has invested 0% in Guess?, Inc. Wells Fargo And Com Mn accumulated 140 shares. Investors of record on Friday, September 1st will be issued a $0.23 dividend.

Wealthtrust owns 250 shares or 0.01% of their U.S. portfolio. The stock of Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) earned "Neutral" rating by Chardan Capital Markets on Thursday, June 30. The rating was initiated by H.C. Wainwright on Monday, December 12 with "Buy". The firm has "Buy" rating given on Friday, July 28 by RBC Capital Markets. The company was downgraded on Monday, November 28 by FBR Capital. The rating was maintained by Cowen & Co on Tuesday, July 18 with "Buy". The firm has "Neutral" rating by Atlantic Securities given on Wednesday, October 28. They issued a "buy" rating and a $60.00 price objective on the stock.

Dicerna Pharmaceuticals, Inc.is a ribonucleic acid interference biopharmaceutical company. The company has market cap of $397.41 million.

A number of research firms have weighed in on HIG. The Firm is focused on the discovery and development of treatments for rare inherited diseases involving the liver and for cancers that are genetically defined.

Investors sentiment increased to 0.86 in Q4 2016. Its up 0.19, from 0.67 in 2016Q3.

Want to see what other hedge funds are holding HIG? 323.12 million shares or 2.07% less from 329.94 million shares in 2016Q3 were reported. (NYSE:HIG) traded up 0.81% during midday trading on Friday, hitting $56.29. Numeric Limited Liability Corp invested in 0.19% or 389,100 shares. 36,622 were reported by Ibm Retirement Fund. Bessemer Grp Incorporated stated it has 69,570 shares or 0.02% of all its holdings. Smith Chas P Pa Cpas reported 0.01% in RELM Wireless Corporation (NYSEMKT:RWC). BidaskClub raised shares of Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research report on Saturday. Cubist Systematic Strategies Ltd owns 41,363 shares. Peoples Financial Svcs reported 373 shares. Dreman Value Mngmt L L C has invested 1.15% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG). Apollo Management Holdings Limited Partnership reported 188,971 shares. Asset Management One holds 718,001 shares. 36 were accumulated by Valley Natl Advisers.

Since February 28, 2017, it had 1 buy, and 4 insider sales for $1.78 million activity. Hartford Financial Services Group's dividend payout ratio (DPR) is presently 51.40%. It fall, as 39 investors sold Cincinnati Financial Corporation shares while 171 reduced holdings. III sold $436,770. Roseborough Teresa Wynn had bought 1,005 shares worth $49,969.

Among 15 analysts covering Hartford Financial (NYSE:HIG), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. ValuEngine upgraded Hartford Financial Services Group, Inc. The company was maintained on Tuesday, July 28 by M Partners. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned "Buy" rating by UBS on Wednesday, August 19.

Hartford Financial Services Group (NYSE:HIG) announced that its board has approved a stock repurchase program, which allows the company to repurchase $775.00 million in outstanding shares on Wednesday, July 30th, EventVestor reports.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, July 27th. (The) in a report on Sunday, July 30th. That puts the market capitalization at $20.4 bln. The stock has "Hold" rating by Wells Fargo on Thursday, March 30.