The Hartford Financial Services Group, Inc. (NYSE:HIG) Stock Position Lessened by Personal CFO Solutions LLC

Personal CFO Solutions LLC decreased its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,956 shares of the insurance provider’s stock after selling 136 shares during the quarter. Personal CFO Solutions LLC’s holdings in The Hartford Financial Services Group were worth $318,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in shares of The Hartford Financial Services Group during the 4th quarter valued at about $278,704,000. Qube Research & Technologies Ltd increased its holdings in shares of The Hartford Financial Services Group by 144.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 926,033 shares of the insurance provider’s stock valued at $65,665,000 after acquiring an additional 546,969 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of The Hartford Financial Services Group by 20.2% during the 4th quarter. Nordea Investment Management AB now owns 2,958,172 shares of the insurance provider’s stock valued at $237,600,000 after acquiring an additional 497,916 shares during the last quarter. KBC Group NV increased its holdings in shares of The Hartford Financial Services Group by 85.5% during the 4th quarter. KBC Group NV now owns 1,074,470 shares of the insurance provider’s stock valued at $86,366,000 after acquiring an additional 495,192 shares during the last quarter. Finally, Bank of Nova Scotia increased its holdings in shares of The Hartford Financial Services Group by 793.3% during the 4th quarter. Bank of Nova Scotia now owns 325,412 shares of the insurance provider’s stock valued at $26,156,000 after acquiring an additional 288,984 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on The Hartford Financial Services Group from $114.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. The Goldman Sachs Group raised their target price on The Hartford Financial Services Group from $92.00 to $105.00 and gave the company a “buy” rating in a report on Friday, April 12th. Roth Mkm raised their target price on The Hartford Financial Services Group from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Wells Fargo & Company lowered their target price on The Hartford Financial Services Group from $117.00 to $111.00 and set an “overweight” rating on the stock in a report on Monday, April 29th. Finally, Citigroup raised their target price on The Hartford Financial Services Group from $113.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.88.

Check Out Our Latest Research Report on HIG

Insider Activity at The Hartford Financial Services Group

In related news, EVP Michael R. Fisher sold 27,004 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the completion of the sale, the executive vice president now directly owns 18,906 shares of the company’s stock, valued at approximately $1,869,803.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Michael R. Fisher sold 27,004 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the completion of the sale, the executive vice president now directly owns 18,906 shares of the company’s stock, valued at approximately $1,869,803.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan R. Bennett sold 18,335 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $100.78, for a total value of $1,847,801.30. Following the sale, the executive vice president now directly owns 25,643 shares of the company’s stock, valued at $2,584,301.54. The disclosure for this sale can be found here. Insiders sold 117,415 shares of company stock valued at $11,705,195 in the last three months. Corporate insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Price Performance

The Hartford Financial Services Group stock opened at $100.87 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $29.83 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.83 and a beta of 0.93. The Hartford Financial Services Group, Inc. has a one year low of $68.82 and a one year high of $103.64. The business has a 50 day simple moving average of $100.00 and a 200 day simple moving average of $92.34.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last posted its earnings results on Thursday, April 25th. The insurance provider reported $2.34 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.09). The company had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.51 billion. The Hartford Financial Services Group had a return on equity of 20.64% and a net margin of 10.87%. The Hartford Financial Services Group’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 EPS. On average, sell-side analysts forecast that The Hartford Financial Services Group, Inc. will post 9.94 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 3rd will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 1.86%. The Hartford Financial Services Group’s dividend payout ratio is 21.36%.

About The Hartford Financial Services Group

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

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