Family Management Corp Has $1.91 Million Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Family Management Corp lowered its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 33.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,960 shares of the insurance provider's stock after selling 8,912 shares during the period. Family Management Corp's holdings in The Hartford Financial Services Group were worth $1,907,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of The Hartford Financial Services Group by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 7,251,389 shares of the insurance provider's stock valued at $792,796,000 after purchasing an additional 81,495 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of The Hartford Financial Services Group by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 4,701,675 shares of the insurance provider's stock worth $514,363,000 after buying an additional 202,487 shares during the period. Norges Bank purchased a new position in shares of The Hartford Financial Services Group in the fourth quarter worth approximately $416,340,000. Northern Trust Corp raised its holdings in shares of The Hartford Financial Services Group by 17.2% during the fourth quarter. Northern Trust Corp now owns 3,537,665 shares of the insurance provider's stock valued at $387,021,000 after acquiring an additional 519,717 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of The Hartford Financial Services Group by 0.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,448,982 shares of the insurance provider's stock valued at $377,319,000 after acquiring an additional 25,053 shares in the last quarter. 93.42% of the stock is owned by institutional investors.

The Hartford Financial Services Group Stock Down 0.6 %

Shares of NYSE HIG traded down $0.71 during mid-day trading on Friday, reaching $127.50. 1,350,259 shares of the company traded hands, compared to its average volume of 1,573,679. The company's fifty day moving average is $119.54 and its two-hundred day moving average is $115.77. The Hartford Financial Services Group, Inc. has a fifty-two week low of $98.16 and a fifty-two week high of $129.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $36.22 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.12 and a beta of 0.70.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.97 billion. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.34 earnings per share. On average, analysts expect that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio is currently 20.74%.

Insider Transactions at The Hartford Financial Services Group

In related news, CEO Christopher Swift sold 1,144 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total transaction of $143,000.00. Following the completion of the transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at $26,385,250. This represents a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Allison G. Niderno sold 1,086 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $119.42, for a total transaction of $129,690.12. Following the completion of the sale, the senior vice president now directly owns 622 shares of the company's stock, valued at approximately $74,279.24. This trade represents a 63.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,429 shares of company stock worth $13,618,028. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of The Hartford Financial Services Group from $125.00 to $129.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price objective on The Hartford Financial Services Group from $140.00 to $133.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Barclays lifted their target price on The Hartford Financial Services Group from $140.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Wells Fargo & Company reduced their price target on shares of The Hartford Financial Services Group from $126.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, UBS Group boosted their price objective on shares of The Hartford Financial Services Group from $139.00 to $142.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $126.87.

About The Hartford Financial Services Group

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.