The Hartford Financial Services Group, Inc. (NYSE:HIG) Stock Position Raised by Perigon Wealth Management LLC

Perigon Wealth Management LLC raised its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 4.7% in the fourth quarter, Holdings Channel reports. The firm owned 3,204 shares of the insurance provider’s stock after buying an additional 143 shares during the period. Perigon Wealth Management LLC’s holdings in The Hartford Financial Services Group were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Realta Investment Advisors grew its holdings in shares of The Hartford Financial Services Group by 3.7% during the 4th quarter. Realta Investment Advisors now owns 3,635 shares of the insurance provider’s stock worth $292,000 after purchasing an additional 129 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of The Hartford Financial Services Group by 8.4% during the 4th quarter. Penserra Capital Management LLC now owns 1,715 shares of the insurance provider’s stock worth $129,000 after purchasing an additional 133 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of The Hartford Financial Services Group by 2.4% during the 3rd quarter. Proficio Capital Partners LLC now owns 5,857 shares of the insurance provider’s stock worth $415,000 after purchasing an additional 137 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of The Hartford Financial Services Group by 1.5% during the 3rd quarter. Moors & Cabot Inc. now owns 10,490 shares of the insurance provider’s stock worth $744,000 after buying an additional 150 shares during the period. Finally, CI Investments Inc. lifted its position in shares of The Hartford Financial Services Group by 2.9% during the 3rd quarter. CI Investments Inc. now owns 5,473 shares of the insurance provider’s stock worth $388,000 after buying an additional 153 shares during the period. 93.42% of the stock is owned by hedge funds and other institutional investors.

The Hartford Financial Services Group Trading Down 2.0 %

HIG stock opened at $95.78 on Thursday. The company has a market cap of $28.48 billion, a P/E ratio of 11.99, a PEG ratio of 1.37 and a beta of 0.89. The Hartford Financial Services Group, Inc. has a twelve month low of $67.05 and a twelve month high of $103.64. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $97.49 and a 200-day moving average of $84.97.

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

The Hartford Financial Services Group Dividend Announcement

The company also recently announced 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 was Friday, March 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.96%. The Hartford Financial Services Group’s payout ratio is currently 23.53%.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Michael R. Fisher sold 27,004 shares of the business’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 owns 18,906 shares in the company, valued at $1,869,803.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Michael R. Fisher sold 27,004 shares of The Hartford Financial Services Group 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 $1,869,803.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher Swift sold 94,807 shares of The Hartford Financial Services Group stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $86.65, for a total value of $8,215,026.55. Following the sale, the chief executive officer now directly owns 170,180 shares of the company’s stock, valued at $14,746,097. The disclosure for this sale can be found here. Insiders sold a total of 249,082 shares of company stock worth $22,404,321 over the last 90 days. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on HIG. Morgan Stanley raised their target price on The Hartford Financial Services Group from $94.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday. Evercore ISI raised their target price on 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, April 11th. Roth Mkm raised their target price on 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. Royal Bank of Canada raised their target price on The Hartford Financial Services Group from $77.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Monday, February 5th. Finally, TD Cowen lifted their price objective on The Hartford Financial Services Group to $144.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, The Hartford Financial Services Group currently has an average rating of “Moderate Buy” and an average price target of $105.56.

The Hartford Financial Services Group Company 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.