Christopher Swift Sells 14,324 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) Stock

The Hartford Financial Services Group, Inc. (NYSE:HIGGet Rating) CEO Christopher Swift sold 14,324 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $74.01, for a total transaction of $1,060,119.24. Following the completion of the transaction, the chief executive officer now directly owns 157,120 shares in the company, valued at approximately $11,628,451.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Christopher Swift also recently made the following trade(s):

  • On Friday, November 4th, Christopher Swift sold 430 shares of The Hartford Financial Services Group stock. The stock was sold at an average price of $74.05, for a total transaction of $31,841.50.

The Hartford Financial Services Group Stock Down 2.2 %

NYSE:HIG opened at $71.91 on Thursday. The Hartford Financial Services Group, Inc. has a fifty-two week low of $60.17 and a fifty-two week high of $76.00. The stock has a market capitalization of $22.87 billion, a P/E ratio of 12.53, a P/E/G ratio of 1.49 and a beta of 0.92. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.29 and a current ratio of 0.29. The company’s 50-day simple moving average is $66.69 and its 200-day simple moving average is $67.10.

The Hartford Financial Services Group (NYSE:HIGGet Rating) last released its quarterly earnings results on Thursday, October 27th. The insurance provider reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.05). The Hartford Financial Services Group had a net margin of 8.82% and a return on equity of 16.51%. The firm had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter in the prior year, the business posted $1.26 earnings per share. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts anticipate that The Hartford Financial Services Group, Inc. will post 7.06 earnings per share for the current fiscal year.

The Hartford Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Thursday, December 1st will be paid a $0.425 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.39. This represents a $1.70 dividend on an annualized basis and a yield of 2.36%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 26.83%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HIG. Wells Fargo & Company raised their price target on shares of The Hartford Financial Services Group from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, October 31st. Morgan Stanley raised their price target on shares of The Hartford Financial Services Group from $73.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, August 19th. Royal Bank of Canada reduced their price target on shares of The Hartford Financial Services Group from $77.00 to $71.00 and set a “sector perform” rating on the stock in a research note on Monday, August 1st. StockNews.com raised shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, UBS Group raised their target price on shares of The Hartford Financial Services Group to $95.00 in a research report on Friday, November 4th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.82.

Institutional Trading of The Hartford Financial Services Group

Institutional investors have recently bought and sold shares of the stock. SouthState Corp boosted its stake in The Hartford Financial Services Group by 1,369.2% in the 2nd quarter. SouthState Corp now owns 382 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 356 shares in the last quarter. Core Alternative Capital boosted its stake in The Hartford Financial Services Group by 706.1% in the 2nd quarter. Core Alternative Capital now owns 395 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 346 shares in the last quarter. Gradient Investments LLC acquired a new stake in The Hartford Financial Services Group in the 3rd quarter worth approximately $27,000. Parkside Investments LLC acquired a new stake in The Hartford Financial Services Group in the 1st quarter worth approximately $30,000. Finally, Trustcore Financial Services LLC acquired a new stake in The Hartford Financial Services Group in the 2nd quarter worth approximately $30,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

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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