SG Americas Securities LLC grew its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 7,017.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,819 shares of the insurance provider's stock after purchasing an additional 127,995 shares during the period. SG Americas Securities LLC's holdings in The Hartford Financial Services Group were worth $16,063,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Accurate Wealth Management LLC grew its holdings in shares of The Hartford Financial Services Group by 27.4% in the first quarter. Accurate Wealth Management LLC now owns 5,554 shares of the insurance provider's stock worth $644,000 after acquiring an additional 1,193 shares during the period. West Paces Advisors Inc. grew its holdings in shares of The Hartford Financial Services Group by 1,311.4% in the first quarter. West Paces Advisors Inc. now owns 2,103 shares of the insurance provider's stock worth $260,000 after acquiring an additional 1,954 shares during the period. GAMMA Investing LLC grew its holdings in shares of The Hartford Financial Services Group by 14.4% in the first quarter. GAMMA Investing LLC now owns 11,509 shares of the insurance provider's stock worth $1,424,000 after acquiring an additional 1,445 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of The Hartford Financial Services Group by 59.6% in the first quarter. Farther Finance Advisors LLC now owns 5,026 shares of the insurance provider's stock worth $625,000 after acquiring an additional 1,877 shares during the period. Finally, Daymark Wealth Partners LLC bought a new stake in shares of The Hartford Financial Services Group in the first quarter worth $202,000. Institutional investors own 93.42% of the company's stock.
The Hartford Financial Services Group Price Performance
Shares of NYSE:HIG traded down $1.15 during mid-day trading on Friday, reaching $125.11. The stock had a trading volume of 861,947 shares, compared to its average volume of 1,579,593. 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 cap of $35.54 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 1.12 and a beta of 0.71. The Hartford Financial Services Group, Inc. has a 1 year low of $98.16 and a 1 year high of $132.09. The business's 50 day moving average price is $124.32 and its 200 day moving average price is $117.92.
The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last issued 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 Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same period in the prior year, the business posted $2.34 earnings per share. The company's quarterly revenue was up 6.1% compared to the same quarter last year. Research 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.66%. The Hartford Financial Services Group's dividend payout ratio is 20.74%.
Insider Buying and Selling
In other news, SVP Allison G. Niderno sold 1,086 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $119.42, for a total transaction of $129,690.12. Following the sale, the senior vice president now directly owns 622 shares in the company, valued at $74,279.24. This trade represents a 63.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $143,000.00. Following the completion of the sale, the chief executive officer now owns 211,082 shares in the company, valued at approximately $26,385,250. The trade was a 0.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,291 shares of company stock valued at $12,078,254 over the last quarter. 1.50% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several analysts recently commented on HIG shares. Piper Sandler lifted their price objective on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods cut their price target on The Hartford Financial Services Group from $140.00 to $133.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Morgan Stanley boosted their price target on The Hartford Financial Services Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Raymond James boosted their price target on The Hartford Financial Services Group from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Finally, Jefferies Financial Group cut their price target on The Hartford Financial Services Group from $118.00 to $117.00 and set a "hold" rating for the company in a report on Friday, April 11th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $131.15.
View Our Latest Stock Analysis on HIG
About The Hartford Financial Services Group
(
Free Report)
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.
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