Clearbridge Investments Boosted By $2.54 Million Its Hartford Finl Svcs Group (HIG) Holding; Stein Mart (SMRT) Has 0.75 Sentiment

November 14, 2017 - By Dolores Ford

Stein Mart, Inc. is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The company has market cap of $47.46 million. The Firm offers apparel

for women and men, as well as accessories, shoes and home fashions. It currently has negative earnings. The Company’s target clients are women over 45 years old.

Clearbridge Investments Llc increased Hartford Finl Svcs Group Inc (HIG) stake by 3.22% reported in 2017Q2 SEC filing. Clearbridge Investments Llc acquired 48,754 shares as Hartford Finl Svcs Group Inc (HIG)’s stock rose 0.12%. The Clearbridge Investments Llc holds 1.56M shares with $82.04M value, up from 1.51M last quarter. Hartford Finl Svcs Group Inc now has $20.02 billion valuation. The stock rose 0.77% or $0.43 reaching $56.12 per share. About 622,143 shares traded. Hartford Financial Services Group Inc (NYSE:HIG) has risen 9.92% since November 14, 2016 and is uptrending. It has underperformed by 6.78% the S&P500.

About 55,851 shares traded. Stein Mart, Inc. (SMRT) has declined 80.44% since November 14, 2016 and is downtrending. It has underperformed by 97.14% the S&P500.

Since January 1, 0001, it had 4 insider purchases, and 0 insider sales for $1.51 million activity.

Sunbelt Securities Inc. holds 0.42% of its portfolio in Stein Mart, Inc. for 133,000 shares. Callahan Advisors Llc owns 301,000 shares or 0.11% of their US portfolio. Moreover, Prescott Group Capital Management L.L.C. has 0.07% invested in the company for 205,000 shares. The New York-based Element Capital Management Llc has invested 0.05% in the stock. Cumberland Partners Ltd, a Ontario – Canada-based fund reported 65,000 shares.

Among 16 analysts covering Hartford Financial (NYSE:HIG), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Hartford Financial had 42 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has “Hold” rating given on Thursday, July 27 by Wells Fargo. The firm earned “Neutral” rating on Tuesday, January 19 by Nomura. Mizuho maintained Hartford Financial Services Group Inc (NYSE:HIG) on Thursday, August 11 with “Buy” rating. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, June 26 report. Barclays Capital maintained the stock with “Overweight” rating in Friday, August 11 report. The firm has “Buy” rating given on Monday, July 10 by RBC Capital Markets. The rating was upgraded by Zacks on Thursday, August 20 to “Hold”. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has “Hold” rating given on Thursday, March 30 by Wells Fargo. As per Wednesday, November 18, the company rating was downgraded by Argus Research. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has “Buy” rating given on Friday, July 29 by M Partners.

Clearbridge Investments Llc decreased Berkshire Hathaway Inc Del (BRKA) stake by 2 shares to 849 valued at $216.24M in 2017Q2. It also reduced Starwood Ppty Tr Inc (Prn) stake by 1.84 million shares and now owns 13,000 shares. Regions Finl Corp New (NYSE:RF) was reduced too.

Investors sentiment decreased to 0.75 in 2017 Q2. Its down 0.19, from 0.94 in 2017Q1. It worsened, as 52 investors sold HIG shares while 211 reduced holdings. 63 funds opened positions while 134 raised stakes. 316.59 million shares or 2.66% less from 325.25 million shares in 2017Q1 were reported. Palisade Capital Mgmt Ltd Com Nj reported 55,000 shares or 0.11% of all its holdings. Pub Employees Retirement Systems Of Ohio holds 0.05% or 189,497 shares. Toronto Dominion Commercial Bank has invested 0.02% in Hartford Financial Services Group Inc (NYSE:HIG). Wilkins Counsel has 0.17% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 10,400 shares. Argi Inv Services Lc holds 0.02% or 3,993 shares in its portfolio. United Kingdom-based Aberdeen Asset Pcl Uk has invested 0.02% in Hartford Financial Services Group Inc (NYSE:HIG). Lmr Prns Ltd Liability Partnership holds 0.16% or 49,165 shares in its portfolio. First Tru Advisors Limited Partnership holds 0.04% or 314,645 shares in its portfolio. Boston Private Wealth Llc, a Massachusetts-based fund reported 6,449 shares. 42,205 were reported by Dreman Value Mngmt L L C. Fifth Third Bancorp reported 23,681 shares. Stephens Ar has invested 0.27% in Hartford Financial Services Group Inc (NYSE:HIG). Veritable Ltd Partnership owns 5,759 shares or 0.01% of their US portfolio. The Pennsylvania-based Hudock Cap Lc has invested 0.01% in Hartford Financial Services Group Inc (NYSE:HIG). Regent Inv Mgmt Ltd Liability Corp accumulated 8,600 shares.

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