Cambridge Investment Research Advisors Inc. Purchases 479 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Cambridge Investment Research Advisors Inc. raised its position in The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 2.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 16,800 shares of the insurance provider’s stock after acquiring an additional 479 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in The Hartford Financial Services Group were worth $1,350,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of HIG. GoalVest Advisory LLC raised its stake 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 worth $25,000 after purchasing an additional 251 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of The Hartford Financial Services Group during the 4th quarter worth approximately $26,000. CVA Family Office LLC bought a new stake in shares of The Hartford Financial Services Group during the 4th quarter worth approximately $27,000. Chilton Capital Management LLC bought a new stake in shares of The Hartford Financial Services Group during the 4th quarter worth approximately $28,000. Finally, First United Bank & Trust bought a new stake in shares of The Hartford Financial Services Group during the 4th quarter worth approximately $31,000. Institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Performance

Shares of NYSE HIG opened at $99.76 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.31 and a quick ratio of 0.31. The stock’s fifty day moving average price is $100.08 and its two-hundred day moving average price is $91.80. The Hartford Financial Services Group, Inc. has a one year low of $68.82 and a one year high of $103.64. The firm has a market cap of $29.51 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 0.83 and a beta of 0.93.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last released 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 the consensus estimate 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 business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 earnings per share. On average, equities analysts forecast 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. Stockholders of record on Monday, June 3rd will be given 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 dividend yield of 1.88%. The Hartford Financial Services Group’s payout ratio is 21.36%.

Insider Activity

In other news, EVP Jonathan R. Bennett sold 18,335 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $100.78, for a total transaction of $1,847,801.30. Following the completion of the sale, the executive vice president now directly owns 25,643 shares in the company, valued at approximately $2,584,301.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Beth Ann Costello sold 72,076 shares of the company’s stock in a transaction 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 directly 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 this link. Also, EVP Jonathan R. Bennett sold 18,335 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 25,643 shares of the company’s stock, valued at $2,584,301.54. The disclosure for this sale can be found here. In the last three months, insiders sold 117,415 shares of company stock worth $11,705,195. 1.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HIG. TD Cowen upped their price objective on The Hartford Financial Services Group to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Morgan Stanley dropped their price objective on The Hartford Financial Services Group from $110.00 to $109.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Keefe, Bruyette & Woods boosted their target price on The Hartford Financial Services Group from $114.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their target price on The Hartford Financial Services Group from $91.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Roth Mkm boosted their target price on The Hartford Financial Services Group from $90.00 to $95.00 and gave the stock 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 issued a buy rating to the company. According to data from MarketBeat, The Hartford Financial Services Group has an average rating of “Moderate Buy” and an average price target of $105.88.

Get Our Latest Report on The Hartford Financial Services Group

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.

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

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