Janiczek Wealth Management LLC Purchases 1,850 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Janiczek Wealth Management LLC increased its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 116.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,439 shares of the insurance provider’s stock after buying an additional 1,850 shares during the quarter. Janiczek Wealth Management LLC’s holdings in The Hartford Financial Services Group were worth $248,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Raleigh Capital Management Inc. lifted its position in The Hartford Financial Services Group by 72.4% in the 1st quarter. Raleigh Capital Management Inc. now owns 362 shares of the insurance provider’s stock worth $25,000 after buying an additional 152 shares during the last quarter. Jones Financial Companies Lllp lifted its position in The Hartford Financial Services Group by 120.6% in the first quarter. Jones Financial Companies Lllp now owns 375 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 205 shares during the last quarter. Arlington Partners LLC bought a new stake in The Hartford Financial Services Group in the first quarter valued at approximately $27,000. Dark Forest Capital Management LP bought a new stake in The Hartford Financial Services Group in the fourth quarter valued at approximately $29,000. Finally, MV Capital Management Inc. lifted its position in The Hartford Financial Services Group by 372.7% in the first quarter. MV Capital Management Inc. now owns 416 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 328 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Stephanie C. Bush sold 3,500 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $72.40, for a total value of $253,400.00. Following the sale, the executive vice president now directly owns 15,063 shares of the company’s stock, valued at $1,090,561.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 4,508 shares of company stock valued at $326,053. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on HIG shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $77.00 price objective on shares of The Hartford Financial Services Group in a research report on Monday, July 31st. Barclays lowered their price objective on The Hartford Financial Services Group from $87.00 to $83.00 in a research report on Friday, July 28th. JPMorgan Chase & Co. boosted their target price on The Hartford Financial Services Group from $86.00 to $94.00 in a research note on Thursday, July 6th. Citigroup reduced their target price on The Hartford Financial Services Group from $87.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Finally, Morgan Stanley assumed coverage on The Hartford Financial Services Group in a research note on Tuesday, June 20th. They set an “equal weight” rating and a $71.00 target price on the stock. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.46.

The Hartford Financial Services Group Stock Down 0.5 %

HIG stock traded down $0.35 during midday trading on Friday, hitting $72.99. The stock had a trading volume of 2,833,762 shares, compared to its average volume of 1,779,052. The firm has a market cap of $22.32 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.32 and a beta of 0.86. The business has a 50-day moving average of $72.57 and a two-hundred day moving average of $71.10. The Hartford Financial Services Group, Inc. has a 52-week low of $60.17 and a 52-week high of $79.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.31 and a quick ratio of 0.31.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.03. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.09 billion. The Hartford Financial Services Group had a return on equity of 17.54% and a net margin of 8.53%. As a group, equities research analysts forecast that The Hartford Financial Services Group, Inc. will post 7.8 earnings per share for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 1st will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.33%. The Hartford Financial Services Group’s dividend payout ratio is currently 27.33%.

The Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc 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, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.