Steward Partners Investment Advisory LLC Sells 446 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Steward Partners Investment Advisory LLC trimmed its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,195 shares of the insurance provider’s stock after selling 446 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in The Hartford Financial Services Group were worth $578,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Invesco Ltd. boosted its position in The Hartford Financial Services Group by 1.3% during the 3rd quarter. Invesco Ltd. now owns 7,421,268 shares of the insurance provider’s stock valued at $526,242,000 after acquiring an additional 91,911 shares in the last quarter. Victory Capital Management Inc. boosted its position in The Hartford Financial Services Group by 2.1% during the 4th quarter. Victory Capital Management Inc. now owns 5,247,966 shares of the insurance provider’s stock valued at $421,832,000 after acquiring an additional 105,799 shares in the last quarter. LSV Asset Management boosted its position in The Hartford Financial Services Group by 3.5% during the 4th quarter. LSV Asset Management now owns 4,821,885 shares of the insurance provider’s stock valued at $387,583,000 after acquiring an additional 165,190 shares in the last quarter. Ameriprise Financial Inc. boosted its position in The Hartford Financial Services Group by 2.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,503,815 shares of the insurance provider’s stock valued at $248,646,000 after acquiring an additional 87,001 shares in the last quarter. Finally, Norges Bank bought a new stake in The Hartford Financial Services Group during the 4th quarter valued at approximately $278,704,000. 93.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HIG shares. Evercore ISI lifted their target price on shares of The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Argus lifted their target price on shares of The Hartford Financial Services Group from $104.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Piper Sandler reiterated an “overweight” rating and set a $115.00 target price on shares of The Hartford Financial Services Group in a report 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 company a “buy” rating in a report on Friday, April 12th. Finally, Roth Mkm lifted their target price on shares of The Hartford Financial Services Group from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.88.

View Our Latest Stock Analysis on The Hartford Financial Services Group

The Hartford Financial Services Group Price Performance

Shares of HIG opened at $100.20 on Thursday. The firm has a market cap of $29.63 billion, a PE ratio of 11.39, a P/E/G ratio of 0.84 and a beta of 0.93. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $100.14 and a two-hundred day simple moving average of $91.74. The Hartford Financial Services Group, Inc. has a 1-year low of $68.82 and a 1-year high of $103.64.

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

The Hartford Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 1.88%. The Hartford Financial Services Group’s dividend payout ratio is presently 21.36%.

Insider Buying and Selling 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 shares were 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 of the company’s stock, valued at approximately $1,869,803.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Michael R. Fisher sold 27,004 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were 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 of the company’s stock, valued at approximately $1,869,803.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jonathan R. Bennett sold 18,335 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $100.78, for a total transaction of $1,847,801.30. Following the sale, the executive vice president now directly owns 25,643 shares of the company’s stock, valued at approximately $2,584,301.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,415 shares of company stock worth $11,705,195. Insiders own 1.60% of the company’s stock.

About The Hartford Financial Services Group

(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.

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

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