The Hartford Financial Services Group, Inc. (NYSE:HIG) Stock Holdings Cut by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its position in The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 5.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,635 shares of the insurance provider’s stock after selling 803 shares during the period. Orion Portfolio Solutions LLC’s holdings in The Hartford Financial Services Group were worth $1,118,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Team Hewins LLC bought a new position in shares of The Hartford Financial Services Group during the 4th quarter valued at about $286,000. BayBridge Capital Group LLC acquired a new position in The Hartford Financial Services Group in the fourth quarter worth approximately $422,000. Commerce Bank increased its holdings in shares of The Hartford Financial Services Group by 2.9% in the fourth quarter. Commerce Bank now owns 11,026 shares of the insurance provider’s stock valued at $886,000 after buying an additional 312 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of The Hartford Financial Services Group by 2.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,800 shares of the insurance provider’s stock valued at $1,350,000 after acquiring an additional 479 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd boosted its stake in shares of The Hartford Financial Services Group by 112.8% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 33,957 shares of the insurance provider’s stock worth $2,729,000 after acquiring an additional 18,000 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Transactions at The Hartford Financial Services Group

In related news, EVP Jonathan R. Bennett sold 18,335 shares of The Hartford Financial Services Group stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $100.78, for a total value of $1,847,801.30. Following the transaction, the executive vice president now owns 25,643 shares in the company, valued at approximately $2,584,301.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Beth Ann Costello sold 72,076 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $99.71, for a total transaction of $7,186,697.96. Following the completion of the sale, the chief financial officer now owns 69,169 shares in the company, valued at approximately $6,896,840.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jonathan R. Bennett sold 18,335 shares of The Hartford Financial Services Group stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $100.78, for a total value of $1,847,801.30. Following the completion of the transaction, the executive vice president now directly owns 25,643 shares in the company, valued at $2,584,301.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 117,415 shares of company stock worth $11,705,195. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on HIG shares. TD Cowen upped their target price on The Hartford Financial Services Group to $144.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Raymond James reaffirmed an “outperform” rating and set a $120.00 price objective (up from $100.00) on shares of The Hartford Financial Services Group in a research note on Monday, April 1st. The Goldman Sachs Group lifted their target price on shares of The Hartford Financial Services Group from $92.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Roth Mkm upped their price target on shares of The Hartford Financial Services Group from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Finally, Morgan Stanley lowered their price objective on shares of The Hartford Financial Services Group from $110.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Eight investment analysts have rated the stock with a hold rating and nine have assigned 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 $105.88.

Check Out Our Latest Stock Analysis on The Hartford Financial Services Group

The Hartford Financial Services Group Trading Up 2.2 %

NYSE:HIG opened at $103.45 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $30.60 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.85 and a beta of 0.93. The stock’s 50 day moving average price is $100.18 and its 200 day moving average price is $91.34. The Hartford Financial Services Group, Inc. has a 52 week low of $67.42 and a 52 week high of $103.64.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The insurance provider reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.09). The Hartford Financial Services Group had a return on equity of 20.64% and a net margin of 10.87%. The company had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter last year, the company posted $1.68 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts forecast that The Hartford Financial Services Group, Inc. will post 9.94 EPS for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 3rd will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Monday, June 3rd. The Hartford Financial Services Group’s dividend payout ratio is 21.36%.

The Hartford Financial Services Group Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report).

Institutional Ownership by Quarter for The Hartford Financial Services Group (NYSE:HIG)

Receive News & Ratings for The Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.