Insider Selling: The Hartford Financial Services Group, Inc. (NYSE:HIG) EVP Sells $2,670,695.60 in Stock

The Hartford Financial Services Group, Inc. (NYSE:HIGGet Free Report) EVP Michael R. Fisher sold 27,004 shares of The Hartford Financial Services Group stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total value of $2,670,695.60. Following the completion of the sale, the executive vice president now owns 18,906 shares of the company’s stock, valued at $1,869,803.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

The Hartford Financial Services Group Stock Up 0.1 %

Shares of HIG opened at $99.07 on Monday. The stock has a market capitalization of $29.46 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 1.43 and a beta of 0.88. The Hartford Financial Services Group, Inc. has a 1 year low of $64.33 and a 1 year high of $100.04. The business’s 50 day simple moving average is $90.61 and its 200-day simple moving average is $80.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.32 and a quick ratio of 0.32.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last released 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 firm had revenue of $6.40 billion for 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 revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.31 EPS. As a group, equities analysts expect that The Hartford Financial Services Group, Inc. will post 9.94 earnings per share for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, March 1st. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 23.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HIG shares. TD Cowen started coverage on The Hartford Financial Services Group in a research note on Wednesday, January 10th. They set an “outperform” rating for the company. Roth Mkm boosted their price target on The Hartford Financial Services Group from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. UBS Group boosted their price target on The Hartford Financial Services Group from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Royal Bank of Canada boosted their price target on The Hartford Financial Services Group from $77.00 to $95.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. Finally, JPMorgan Chase & Co. downgraded The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and cut their price target for the company from $94.00 to $91.00 in a research note on Monday, January 8th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, The Hartford Financial Services Group currently has a consensus rating of “Moderate Buy” and an average price target of $90.60.

Read Our Latest Stock Analysis on HIG

Hedge Funds Weigh In On The Hartford Financial Services Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of The Hartford Financial Services Group by 7.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,704 shares of the insurance provider’s stock worth $1,271,000 after purchasing an additional 1,185 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of The Hartford Financial Services Group by 9.1% in the first quarter. D.A. Davidson & CO. now owns 3,952 shares of the insurance provider’s stock valued at $284,000 after purchasing an additional 330 shares during the period. Prudential PLC acquired a new position in shares of The Hartford Financial Services Group in the first quarter valued at about $674,000. Cetera Investment Advisers increased its holdings in shares of The Hartford Financial Services Group by 88.6% in the first quarter. Cetera Investment Advisers now owns 11,238 shares of the insurance provider’s stock valued at $807,000 after purchasing an additional 5,278 shares during the period. Finally, Zions Bancorporation N.A. increased its holdings in shares of The Hartford Financial Services Group by 235.4% in the first quarter. Zions Bancorporation N.A. now owns 1,070 shares of the insurance provider’s stock valued at $77,000 after purchasing an additional 751 shares during the period. Institutional investors own 90.81% of the company’s stock.

About The Hartford Financial Services Group

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

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