Insider Selling: The Hartford Financial Services Group, Inc. (NYSE:HIG) EVP Sells 14,743 Shares of Stock

The Hartford Financial Services Group, Inc. (NYSE:HIGGet Rating) EVP David C. Robinson sold 14,743 shares of the firm’s stock in a transaction dated Friday, April 22nd. The shares were sold at an average price of $73.02, for a total transaction of $1,076,533.86. Following the completion of the sale, the executive vice president now owns 1 shares in the company, valued at $73.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of HIG stock traded down $1.46 on Tuesday, hitting $69.94. The stock had a trading volume of 1,329,570 shares, compared to its average volume of 2,087,642. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $23.13 billion, a P/E ratio of 10.75, a P/E/G ratio of 1.51 and a beta of 1.02. The Hartford Financial Services Group, Inc. has a 1 year low of $59.86 and a 1 year high of $78.17. The company’s 50 day moving average price is $70.98 and its 200-day moving average price is $70.82.

The Hartford Financial Services Group (NYSE:HIGGet Rating) last posted its quarterly earnings data on Thursday, February 3rd. The insurance provider reported $2.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.50. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.62 billion. The Hartford Financial Services Group had a return on equity of 12.39% and a net margin of 10.56%. During the same quarter in the previous year, the business earned $1.76 EPS. On average, equities analysts forecast that The Hartford Financial Services Group, Inc. will post 6.9 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 4th. Investors of record on Tuesday, March 1st were paid a dividend of $0.385 per share. The ex-dividend date of this dividend was Monday, February 28th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.20%. The Hartford Financial Services Group’s payout ratio is 23.19%.

A number of institutional investors have recently made changes to their positions in the business. Covestor Ltd acquired a new stake in shares of The Hartford Financial Services Group in the fourth quarter valued at approximately $27,000. Confluence Wealth Services Inc. acquired a new stake in shares of The Hartford Financial Services Group during the fourth quarter worth $28,000. Concord Wealth Partners lifted its holdings in shares of The Hartford Financial Services Group by 142.1% during the third quarter. Concord Wealth Partners now owns 431 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 253 shares during the period. James Reed Financial Services Inc. acquired a new stake in shares of The Hartford Financial Services Group during the fourth quarter worth $34,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of The Hartford Financial Services Group during the fourth quarter worth $34,000. Institutional investors own 91.05% of the company’s stock.

A number of analysts have recently weighed in on HIG shares. StockNews.com initiated coverage on shares of The Hartford Financial Services Group in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Barclays boosted their price objective on shares of The Hartford Financial Services Group from $85.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, April 12th. Morgan Stanley dropped their price objective on shares of The Hartford Financial Services Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Friday, January 14th. JPMorgan Chase & Co. dropped their price objective on shares of The Hartford Financial Services Group from $79.00 to $76.00 in a report on Thursday, January 6th. Finally, Wells Fargo & Company upped their price target on shares of The Hartford Financial Services Group from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, January 4th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $80.18.

The Hartford Financial Services Group Company Profile (Get Rating)

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 workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages 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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