Bleakley Financial Group LLC Has $415,000 Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Bleakley Financial Group LLC lifted its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,164 shares of the insurance provider’s stock after purchasing an additional 168 shares during the quarter. Bleakley Financial Group LLC’s holdings in The Hartford Financial Services Group were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. GoalVest Advisory LLC lifted its position in shares of The Hartford Financial Services Group by 464.8% during the 4th quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 251 shares during the period. CVA Family Office LLC bought a new stake in shares of The Hartford Financial Services Group in the 4th quarter worth $27,000. Chilton Capital Management LLC bought a new stake in shares of The Hartford Financial Services Group in the 4th quarter worth $28,000. Selway Asset Management bought a new stake in shares of The Hartford Financial Services Group in the 3rd quarter worth $29,000. Finally, Quarry LP bought a new position in The Hartford Financial Services Group during the first quarter valued at about $31,000. 93.42% of the stock is owned by institutional investors.

Insider Activity at The Hartford Financial Services Group

In related news, CEO Christopher Swift sold 4,633 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $83.06, for a total value of $384,816.98. Following the sale, the chief executive officer now directly owns 170,180 shares of the company’s stock, valued at $14,135,150.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other The Hartford Financial Services Group news, SVP Allison G. Niderno sold 1,332 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $89.74, for a total transaction of $119,533.68. Following the transaction, the senior vice president now directly owns 630 shares in the company, valued at $56,536.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher Swift sold 4,633 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $83.06, for a total transaction of $384,816.98. Following the transaction, the chief executive officer now owns 170,180 shares in the company, valued at $14,135,150.80. The disclosure for this sale can be found here. Insiders have sold 253,715 shares of company stock valued at $22,789,138 over the last three months. 1.80% of the stock is owned by corporate insiders.

The Hartford Financial Services Group Trading Up 0.5 %

Shares of The Hartford Financial Services Group stock opened at $97.78 on Monday. The Hartford Financial Services Group, Inc. has a 12-month low of $67.01 and a 12-month high of $103.64. The company has a market cap of $29.07 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.38 and a beta of 0.89. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $97.07 and its 200-day moving average price is $84.53.

The Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.62. The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $5.84 billion. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The Hartford Financial Services Group’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $2.31 earnings per share. On average, equities analysts expect that The Hartford Financial Services Group, Inc. will post 10.12 earnings per share for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Monday, March 4th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, March 1st. The Hartford Financial Services Group’s dividend payout ratio is currently 23.53%.

Wall Street Analyst Weigh In

HIG has been the subject of several research reports. Royal Bank of Canada increased their price target on shares of The Hartford Financial Services Group from $77.00 to $95.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. Raymond James restated an “outperform” rating and set a $120.00 price target (up previously from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. Evercore ISI increased their target price on shares of The Hartford Financial Services Group from $96.00 to $104.00 and gave the stock an “in-line” rating in a research report on Thursday. Roth Mkm increased their target price on shares of The Hartford Financial Services Group from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company increased their target price on shares of The Hartford Financial Services Group from $106.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.94.

About The Hartford Financial Services Group

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.