Vest Financial LLC grew its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 9.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 327,478 shares of the insurance provider's stock after purchasing an additional 28,594 shares during the quarter. Vest Financial LLC owned approximately 0.11% of The Hartford Financial Services Group worth $40,519,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stratos Wealth Partners LTD. increased its holdings in shares of The Hartford Financial Services Group by 5.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,574 shares of the insurance provider's stock valued at $282,000 after acquiring an additional 144 shares in the last quarter. Y.D. More Investments Ltd grew its stake in shares of The Hartford Financial Services Group by 119.9% during the 4th quarter. Y.D. More Investments Ltd now owns 365 shares of the insurance provider's stock worth $40,000 after acquiring an additional 199 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in The Hartford Financial Services Group by 9.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,559 shares of the insurance provider's stock worth $7,731,000 after purchasing an additional 5,949 shares in the last quarter. Tectonic Advisors LLC lifted its holdings in The Hartford Financial Services Group by 3.5% during the 4th quarter. Tectonic Advisors LLC now owns 4,728 shares of the insurance provider's stock worth $517,000 after purchasing an additional 162 shares in the last quarter. Finally, Choreo LLC raised its holdings in shares of The Hartford Financial Services Group by 2.1% in the 4th quarter. Choreo LLC now owns 6,452 shares of the insurance provider's stock valued at $708,000 after acquiring an additional 130 shares in the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.
The Hartford Financial Services Group Stock Up 1.1%
Shares of The Hartford Financial Services Group stock traded up $1.35 during trading on Friday, reaching $129.39. The company's stock had a trading volume of 1,115,140 shares, compared to its average volume of 1,582,793. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The company has a market cap of $36.76 billion, a price-to-earnings ratio of 12.50, a P/E/G 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 company has a 50-day simple moving average of $123.30 and a two-hundred day simple moving average of $117.66.
The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.05. The firm had revenue of $6.81 billion during the quarter, compared to analysts' expectations 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 business's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.34 EPS. As a group, equities analysts forecast that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.
The Hartford Financial Services Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd will be given 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 yield of 1.61%. The Hartford Financial Services Group's dividend payout ratio is currently 20.74%.
Insiders Place Their Bets
In related news, 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. The trade was a 63.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher Swift sold 1,144 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total value of $143,000.00. Following the transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at $26,385,250. This trade represents a 0.54% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,429 shares of company stock valued at $13,618,028. 1.50% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Morgan Stanley raised their price target on The Hartford Financial Services Group from $115.00 to $130.00 and gave the stock an "equal weight" rating in a research 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 stock an "outperform" rating in a research note on Monday, March 31st. 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. Wells Fargo & Company cut their price objective on The Hartford Financial Services Group from $126.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, UBS Group boosted their price target on The Hartford Financial Services Group from $139.00 to $142.00 and gave the company a "buy" rating in a report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $129.71.
Read Our Latest Stock Report on HIG
The Hartford Financial Services Group Profile
(
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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