Gamco Investors INC. ET AL Sells 350 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Gamco Investors INC. ET AL lowered its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 7.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,100 shares of the insurance provider’s stock after selling 350 shares during the quarter. Gamco Investors INC. ET AL’s holdings in The Hartford Financial Services Group were worth $291,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HIG. Selway Asset Management acquired a new stake in shares of The Hartford Financial Services Group in the 3rd quarter valued at $29,000. Quarry LP acquired a new stake in shares of The Hartford Financial Services Group in the 1st quarter valued at $31,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of The Hartford Financial Services Group by 85.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 520 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 240 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of The Hartford Financial Services Group by 63.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 204 shares in the last quarter. Finally, Tyler Stone Wealth Management acquired a new stake in shares of The Hartford Financial Services Group in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

The Hartford Financial Services Group Price Performance

HIG stock opened at $90.81 on Monday. The company has a market capitalization of $27.31 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 1.30 and a beta of 0.87. 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, Inc. has a 52-week low of $64.25 and a 52-week high of $91.85. The business has a 50-day simple moving average of $82.94 and a two-hundred day simple moving average of $76.48.

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

Insider Transactions at The Hartford Financial Services Group

In other news, CEO Christopher Swift sold 69,248 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $78.09, for a total value of $5,407,576.32. Following the transaction, the chief executive officer now owns 170,180 shares in the company, valued at approximately $13,289,356.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Christopher Swift sold 69,248 shares of The Hartford Financial Services Group stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $78.09, for a total value of $5,407,576.32. Following the sale, the chief executive officer now owns 170,180 shares of the company’s stock, valued at approximately $13,289,356.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David C. Robinson sold 15,000 shares of The Hartford Financial Services Group 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 sale, the executive vice president now directly owns 8,201 shares in the company, valued at approximately $735,137.64. The disclosure for this sale can be found here. Insiders have sold 339,050 shares of company stock worth $28,069,037 in the last 90 days. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Roth Mkm raised their price objective on The Hartford Financial Services Group from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. downgraded The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $94.00 to $91.00 in a report on Monday, January 8th. Piper Sandler raised their price objective on The Hartford Financial Services Group from $97.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Oppenheimer assumed coverage on The Hartford Financial Services Group in a report on Thursday, November 16th. They set a “market perform” rating on the stock. Finally, UBS Group raised their price objective on 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. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, The Hartford Financial Services Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.60.

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

The Hartford Financial Services Group Company Profile

(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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Institutional Ownership by Quarter for The Hartford Financial Services Group (NYSE:HIG)

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