The Hartford Financial Services Group, Inc. (NYSE:HIG) EVP Michael R. Fisher Sells 4,088 Shares

The Hartford Financial Services Group, Inc. (NYSE:HIG) EVP Michael R. Fisher sold 4,088 shares of The Hartford Financial Services Group stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $101.47, for a total transaction of $414,809.36. Following the completion of the transaction, the executive vice president now directly owns 14,818 shares in the company, valued at $1,503,582.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

The Hartford Financial Services Group Trading Up 0.1 %

Shares of HIG stock traded up $0.14 on Tuesday, hitting $100.03. The company had a trading volume of 1,680,002 shares, compared to its average volume of 1,698,093. The Hartford Financial Services Group, Inc. has a twelve month low of $68.82 and a twelve month high of $105.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $29.58 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.83 and a beta of 0.93. The stock’s 50-day moving average is $100.65 and its two-hundred day moving average is $94.77.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, April 25th. The insurance provider reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.09). The Hartford Financial Services Group had a net margin of 10.87% and a return on equity of 20.64%. The firm had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period in the prior year, the company posted $1.68 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that The Hartford Financial Services Group, Inc. will post 9.91 earnings per share for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 3rd will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Monday, June 3rd. The Hartford Financial Services Group’s dividend payout ratio is presently 21.36%.

Institutional Trading of The Hartford Financial Services Group

Large investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise grew its stake in The Hartford Financial Services Group by 378.8% during the first quarter. Banque Cantonale Vaudoise now owns 16,725 shares of the insurance provider’s stock worth $1,724,000 after purchasing an additional 13,232 shares during the period. McGlone Suttner Wealth Management Inc. raised its holdings in shares of The Hartford Financial Services Group by 11.7% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 3,165 shares of the insurance provider’s stock valued at $254,000 after purchasing an additional 331 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in The Hartford Financial Services Group during the 4th quarter worth approximately $2,875,000. Stifel Financial Corp boosted its holdings in The Hartford Financial Services Group by 14.2% in the fourth quarter. Stifel Financial Corp now owns 261,995 shares of the insurance provider’s stock worth $21,059,000 after acquiring an additional 32,534 shares in the last quarter. Finally, New Millennium Group LLC bought a new stake in shares of The Hartford Financial Services Group during the fourth quarter valued at approximately $1,552,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HIG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their price objective on The Hartford Financial Services Group from $114.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Piper Sandler reiterated an “overweight” rating and set a $115.00 price objective on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. Evercore ISI increased their price objective on shares of The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Raymond James reaffirmed an “outperform” rating and set a $120.00 target price (up previously from $100.00) on shares of The Hartford Financial Services Group in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. increased their price target on The Hartford Financial Services Group from $91.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.71.

The Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.