GAMMA Investing LLC Has $1.76 Billion Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

GAMMA Investing LLC lifted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 14,049.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,424,009 shares of the insurance provider's stock after buying an additional 1,413,945 shares during the period. GAMMA Investing LLC owned about 0.50% of The Hartford Financial Services Group worth $1,761,930,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barrett & Company Inc. boosted its position in shares of The Hartford Financial Services Group by 46.5% in the fourth quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock worth $32,000 after buying an additional 93 shares during the period. Spurstone Advisory Services LLC acquired a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth $33,000. Itau Unibanco Holding S.A. acquired a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth $35,000. DT Investment Partners LLC boosted its position in shares of The Hartford Financial Services Group by 49.8% in the fourth quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider's stock worth $36,000 after buying an additional 110 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth $36,000. Institutional investors and hedge funds own 93.42% of the company's stock.

Insider Transactions at The Hartford Financial Services Group

In related news, CEO Christopher Swift sold 1,144 shares of The Hartford Financial Services Group stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total transaction of $143,000.00. Following the sale, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at $26,385,250. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Allison G. Niderno sold 1,086 shares of The Hartford Financial Services Group stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $119.42, for a total value of $129,690.12. Following the sale, the senior vice president now directly owns 622 shares in the company, 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.

Analyst Ratings Changes

Several analysts have recently commented on HIG shares. UBS Group raised their target price on The Hartford Financial Services Group from $139.00 to $142.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Royal Bank of Canada reissued a "sector perform" rating and set a $125.00 price objective on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on The Hartford Financial Services Group from $125.00 to $129.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Wall Street Zen raised The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Finally, 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 report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, The Hartford Financial Services Group has a consensus rating of "Moderate Buy" and a consensus target price of $129.71.

The Hartford Financial Services Group Stock Up 0.3%

NYSE HIG traded up $0.44 during trading on Monday, hitting $129.76. 678,818 shares of the company traded hands, compared to its average volume of 1,579,286. The Hartford Financial Services Group, Inc. has a 12 month low of $98.16 and a 12 month high of $132.09. The business has a fifty day simple moving average of $122.81 and a 200 day simple moving average of $117.35. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $36.86 billion, a P/E ratio of 12.54, a PEG ratio of 1.12 and a beta of 0.70.

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

The Hartford Financial Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd will be paid a $0.52 dividend. 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 payout ratio is presently 20.74%.

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.