Greenleaf Trust Purchases 2,724 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Greenleaf Trust raised its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 14.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,834 shares of the insurance provider’s stock after purchasing an additional 2,724 shares during the period. Greenleaf Trust’s holdings in The Hartford Financial Services Group were worth $1,755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its position in The Hartford Financial Services Group by 0.8% during the 1st quarter. BlackRock Inc. now owns 24,739,482 shares of the insurance provider’s stock valued at $1,724,094,000 after purchasing an additional 195,900 shares in the last quarter. Invesco Ltd. raised its position in shares of The Hartford Financial Services Group by 1.3% in the 3rd quarter. Invesco Ltd. now owns 7,421,268 shares of the insurance provider’s stock worth $526,242,000 after acquiring an additional 91,911 shares in the last quarter. Geode Capital Management LLC raised its position in shares of The Hartford Financial Services Group by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 6,532,858 shares of the insurance provider’s stock worth $454,234,000 after acquiring an additional 74,997 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of The Hartford Financial Services Group by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,612,529 shares of the insurance provider’s stock worth $403,036,000 after acquiring an additional 307,231 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of The Hartford Financial Services Group by 26.7% in the 3rd quarter. Victory Capital Management Inc. now owns 5,142,167 shares of the insurance provider’s stock worth $364,631,000 after acquiring an additional 1,083,420 shares in the last quarter. 93.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Raymond James reissued an “outperform” rating and issued a $120.00 price target (up from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. Citigroup boosted their price target on The Hartford Financial Services Group from $109.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Roth Mkm upped their target price on The Hartford Financial Services Group from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $115.00 target price on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. Finally, UBS Group upped their target price on The Hartford Financial Services Group from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, The Hartford Financial Services Group presently has an average rating of “Moderate Buy” and an average price target of $105.56.

Insider Transactions at The Hartford Financial Services Group

In other news, CEO Christopher Swift sold 956 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $86.00, for a total value of $82,216.00. Following the sale, the chief executive officer now owns 170,180 shares in the company, valued at $14,635,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Michael R. Fisher sold 27,004 shares of the company’s 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 sale, the executive vice president now owns 18,906 shares in the company, valued at $1,869,803.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher Swift sold 956 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $86.00, for a total value of $82,216.00. Following the completion of the transaction, the chief executive officer now directly owns 170,180 shares of the company’s stock, valued at approximately $14,635,480. The disclosure for this sale can be found here. Insiders have sold 202,264 shares of company stock worth $18,438,369 over the last quarter. 1.60% of the stock is currently owned by insiders.

The Hartford Financial Services Group Stock Up 2.1 %

The Hartford Financial Services Group stock opened at $98.95 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.32 and a current ratio of 0.32. The business’s 50-day simple moving average is $97.80 and its two-hundred day simple moving average is $85.36. The company has a market cap of $29.42 billion, a PE ratio of 12.38, a PEG ratio of 1.40 and a beta of 0.89. The Hartford Financial Services Group, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $103.64.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly 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 Hartford Financial Services Group had a return on equity of 19.82% and a net margin of 10.21%. The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter in the previous year, the business earned $2.31 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts anticipate that The Hartford Financial Services Group, Inc. will post 10.13 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 4th were paid a $0.47 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.90%. The Hartford Financial Services Group’s payout ratio is 23.53%.

The Hartford Financial Services Group Profile

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.