Cwm LLC Has $910,000 Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Cwm LLC lifted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 23.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,323 shares of the insurance provider’s stock after acquiring an additional 2,174 shares during the quarter. Cwm LLC’s holdings in The Hartford Financial Services Group were worth $910,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HIG. Victory Capital Management Inc. boosted its position in The Hartford Financial Services Group by 26.7% during the third quarter. Victory Capital Management Inc. now owns 5,142,167 shares of the insurance provider’s stock valued at $364,631,000 after purchasing an additional 1,083,420 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in The Hartford Financial Services Group by 144.3% during the third quarter. Qube Research & Technologies Ltd now owns 926,033 shares of the insurance provider’s stock valued at $65,665,000 after purchasing an additional 546,969 shares during the last quarter. Nordea Investment Management AB boosted its position in The Hartford Financial Services Group by 20.2% during the fourth quarter. Nordea Investment Management AB now owns 2,958,172 shares of the insurance provider’s stock valued at $237,600,000 after purchasing an additional 497,916 shares during the last quarter. Great Lakes Advisors LLC boosted its position in The Hartford Financial Services Group by 41.5% during the third quarter. Great Lakes Advisors LLC now owns 1,592,479 shares of the insurance provider’s stock valued at $112,923,000 after purchasing an additional 467,030 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in The Hartford Financial Services Group by 23.6% during the third quarter. AQR Capital Management LLC now owns 1,179,682 shares of the insurance provider’s stock valued at $83,651,000 after purchasing an additional 224,979 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 27,004 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total value of $2,670,695.60. Following the completion of the transaction, the executive vice president now 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 SEC, which is available at this hyperlink. In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 27,004 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total value of $2,670,695.60. Following the completion of the transaction, the executive vice president now 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 SEC, which is available at this hyperlink. Also, EVP David C. Robinson sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $89.64, for a total value of $1,344,600.00. Following the completion of the transaction, the executive vice president now directly owns 8,201 shares of the company’s stock, valued at approximately $735,137.64. The disclosure for this sale can be found here. Insiders sold a total of 106,501 shares of company stock valued at $10,141,126 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Price Performance

NYSE HIG opened at $95.30 on Monday. 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 debt-to-equity ratio of 0.29, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market capitalization of $28.33 billion, a PE ratio of 10.83, a P/E/G ratio of 1.34 and a beta of 0.89. The stock has a 50-day simple moving average of $98.50 and a 200 day simple moving average of $86.45.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, April 25th. The insurance provider reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.09). The Hartford Financial Services Group had a return on equity of 21.04% and a net margin of 10.87%. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period in the prior year, the firm posted $1.68 EPS. The Hartford Financial Services Group’s revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts anticipate that The Hartford Financial Services Group, Inc. will post 10.11 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were issued a $0.47 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.88 annualized dividend and a yield of 1.97%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 21.36%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley reduced their price objective on The Hartford Financial Services Group from $110.00 to $109.00 and set an “equal weight” rating for the company in a research report on Friday. Keefe, Bruyette & Woods upped their price target on The Hartford Financial Services Group from $114.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Wells Fargo & Company upped their price target on The Hartford Financial Services Group from $106.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Roth Mkm upped their price target on The Hartford Financial Services Group from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Royal Bank of Canada upped their price target on The Hartford Financial Services Group from $77.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Monday, February 5th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, The Hartford Financial Services Group has an average rating of “Moderate Buy” and an average target price of $105.81.

The Hartford Financial Services Group 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.