Armis Advisers LLC Purchases New Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Armis Advisers LLC acquired a new stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,486 shares of the insurance provider's stock, valued at approximately $381,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Challenger Wealth Management purchased a new position in shares of The Hartford Financial Services Group in the 4th quarter worth about $716,000. Toronto Dominion Bank raised its position in shares of The Hartford Financial Services Group by 5.8% in the 4th quarter. Toronto Dominion Bank now owns 155,542 shares of the insurance provider's stock worth $17,016,000 after purchasing an additional 8,567 shares during the last quarter. Vise Technologies Inc. raised its position in shares of The Hartford Financial Services Group by 101.9% in the 4th quarter. Vise Technologies Inc. now owns 9,601 shares of the insurance provider's stock worth $1,050,000 after purchasing an additional 4,845 shares during the last quarter. City National Bank of Florida MSD purchased a new position in shares of The Hartford Financial Services Group in the 4th quarter worth about $304,000. Finally, JT Stratford LLC purchased a new position in shares of The Hartford Financial Services Group in the 4th quarter worth about $1,523,000. Hedge funds and other institutional investors own 93.42% of the company's stock.

The Hartford Financial Services Group Stock Performance

Shares of NYSE:HIG traded down $0.24 during mid-day trading on Friday, reaching $130.01. 4,803,044 shares of the company traded hands, compared to its average volume of 1,582,768. The company's 50 day moving average price is $122.81 and its 200-day moving average price is $117.34. The firm has a market cap of $36.94 billion, a PE ratio of 12.56, a PEG ratio of 1.12 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The Hartford Financial Services Group, Inc. has a 52 week low of $98.16 and a 52 week high of $132.09.

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

The Hartford Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd will be paid a dividend of $0.52 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.60%. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 20.74%.

Insider Activity at The Hartford Financial Services Group

In related news, EVP Robert W. Paiano sold 13,138 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $117.20, for a total value of $1,539,773.60. Following the transaction, the executive vice president now directly owns 31,678 shares of the company's stock, valued at approximately $3,712,661.60. The trade was a 29.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher Swift sold 98,061 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $120.39, for a total value of $11,805,563.79. Following the completion of the transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at approximately $25,412,161.98. This represents a 31.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,429 shares of company stock worth $13,618,028. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Raymond James lifted their price target on The Hartford Financial Services Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Piper Sandler lifted their price target on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Barclays boosted their target price on The Hartford Financial Services Group from $140.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Royal Bank of Canada reissued a "sector perform" rating and issued a $125.00 target price on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods decreased their target price on The Hartford Financial Services Group from $140.00 to $133.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Seven investment 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 company's stock. Based on data from MarketBeat, The Hartford Financial Services Group currently has an average rating of "Moderate Buy" and an average price target of $129.71.

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.