141,752 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 141,752 shares of the insurance provider’s stock, valued at approximately $11,394,000.

Several other large investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in shares of The Hartford Financial Services Group by 2.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 91,493 shares of the insurance provider’s stock worth $6,488,000 after acquiring an additional 1,964 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in The Hartford Financial Services Group by 5.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 125,961 shares of the insurance provider’s stock worth $8,932,000 after purchasing an additional 5,946 shares during the period. Bank of New York Mellon Corp boosted its holdings in The Hartford Financial Services Group by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,719,651 shares of the insurance provider’s stock valued at $192,850,000 after purchasing an additional 21,740 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of The Hartford Financial Services Group by 11.2% in the 3rd quarter. Brown Advisory Inc. now owns 24,736 shares of the insurance provider’s stock valued at $1,754,000 after buying an additional 2,493 shares during the period. Finally, Telemus Capital LLC increased its holdings in shares of The Hartford Financial Services Group by 5.0% during the 3rd quarter. Telemus Capital LLC now owns 3,474 shares of the insurance provider’s stock worth $246,000 after buying an additional 165 shares during the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HIG has been the subject of several analyst reports. Raymond James reiterated an “outperform” rating and issued a $120.00 price objective (up from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. TD Cowen raised their price objective on The Hartford Financial Services Group to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Evercore ISI upped their target price on shares of The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Roth Mkm lifted their price target on shares of The Hartford Financial Services Group from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada upped their price objective on shares of The Hartford Financial Services Group from $77.00 to $95.00 and gave the stock a “sector perform” 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.44.

The Hartford Financial Services Group Stock Up 0.4 %

Shares of NYSE:HIG opened at $97.90 on Monday. 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 firm’s 50 day moving average price is $98.81 and its 200 day moving average price is $87.34. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.29. The stock has a market cap of $28.95 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, April 25th. The insurance provider reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.09). The firm had revenue of $6.42 billion during the quarter, compared to analyst estimates of $6.51 billion. The Hartford Financial Services Group had a net margin of 10.87% and a return on equity of 20.64%. The Hartford Financial Services Group’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 earnings per share. As a group, equities research analysts predict that The Hartford Financial Services Group, Inc. will post 10.01 earnings per share for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 4th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.88 annualized dividend and a dividend yield of 1.92%. The Hartford Financial Services Group’s dividend payout ratio is currently 21.36%.

Insider Transactions at The Hartford Financial Services Group

In other news, SVP Allison G. Niderno sold 1,332 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $89.74, for a total value of $119,533.68. Following the transaction, the senior vice president now owns 630 shares in the company, valued at approximately $56,536.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Allison G. Niderno sold 1,332 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $89.74, for a total value of $119,533.68. Following the transaction, the senior vice president now owns 630 shares in the company, valued at approximately $56,536.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Adin M. Tooker sold 8,206 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $95.60, for a total value of $784,493.60. Following the completion of the transaction, the executive vice president now owns 25,820 shares in the company, valued at approximately $2,468,392. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,501 shares of company stock valued at $10,141,126. 1.60% of the stock is currently owned by corporate insiders.

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.