David C. Robinson Sells 15,000 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) Stock

The Hartford Financial Services Group, Inc. (NYSE:HIGGet Free Report) EVP David C. Robinson sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $89.64, for a total transaction of $1,344,600.00. Following the completion of the transaction, the executive vice president now owns 8,201 shares in the company, valued at approximately $735,137.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

The Hartford Financial Services Group Stock Performance

HIG opened at $90.81 on Friday. The stock has a market capitalization of $27.31 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.28 and a beta of 0.87. The company has a fifty day moving average of $82.94 and a 200 day moving average of $76.46. The Hartford Financial Services Group, Inc. has a fifty-two week low of $64.25 and a fifty-two week high of $91.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.31 and a current ratio of 0.32.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last posted its earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.62. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $5.84 billion. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The Hartford Financial Services Group’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $2.31 earnings per share. As a group, sell-side analysts forecast that The Hartford Financial Services Group, Inc. will post 9.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Hartford Financial Services Group

Several institutional investors have recently bought and sold shares of HIG. Guidance Capital Inc. bought a new position in The Hartford Financial Services Group during the second quarter valued at $514,000. Signaturefd LLC lifted its position in The Hartford Financial Services Group by 24.8% during the second quarter. Signaturefd LLC now owns 4,576 shares of the insurance provider’s stock valued at $330,000 after purchasing an additional 910 shares during the last quarter. Private Trust Co. NA lifted its position in The Hartford Financial Services Group by 79.5% during the second quarter. Private Trust Co. NA now owns 2,527 shares of the insurance provider’s stock valued at $182,000 after purchasing an additional 1,119 shares during the last quarter. Forsta AP Fonden lifted its position in The Hartford Financial Services Group by 98.7% during the second quarter. Forsta AP Fonden now owns 124,000 shares of the insurance provider’s stock valued at $8,930,000 after purchasing an additional 61,600 shares during the last quarter. Finally, Amalgamated Bank lifted its position in The Hartford Financial Services Group by 7.5% during the third quarter. Amalgamated Bank now owns 85,139 shares of the insurance provider’s stock valued at $6,037,000 after purchasing an additional 5,911 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Royal Bank of Canada upped their target price on shares of The Hartford Financial Services Group from $77.00 to $95.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Morgan Stanley upped their target price on shares of The Hartford Financial Services Group from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Raymond James upped their target price on shares of The Hartford Financial Services Group from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, February 5th. UBS Group upped their target price on shares of The Hartford Financial Services Group from $100.00 to $107.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, TD Cowen assumed coverage on shares of The Hartford Financial Services Group in a report on Wednesday, January 10th. They set an “outperform” rating for the company. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.60.

Check Out Our Latest Stock Report on The Hartford Financial Services Group

About The Hartford Financial Services Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for The Hartford Financial Services Group (NYSE:HIG)

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