The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 867,477 shares of the insurance provider’s stock after selling 19,721 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.29% of The Hartford Financial Services Group worth $89,394,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. GoalVest Advisory LLC lifted its position in The Hartford Financial Services Group by 464.8% during the fourth quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider’s stock worth $25,000 after buying an additional 251 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of The Hartford Financial Services Group in the 4th quarter worth $26,000. CVA Family Office LLC purchased a new position in shares of The Hartford Financial Services Group during the 4th quarter worth $27,000. Chilton Capital Management LLC acquired a new position in shares of The Hartford Financial Services Group during the 4th quarter valued at about $28,000. Finally, Cape Investment Advisory Inc. grew its holdings in shares of The Hartford Financial Services Group by 189.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 374 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 245 shares during the period. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

The Hartford Financial Services Group Price Performance

Shares of HIG opened at $99.62 on Friday. The company has a market cap of $29.46 billion, a P/E ratio of 11.32, a PEG ratio of 0.83 and a beta of 0.93. The Hartford Financial Services Group, Inc. has a fifty-two week low of $68.82 and a fifty-two week high of $105.20. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average price is $100.65 and its 200 day moving average price is $94.94.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last posted its quarterly earnings data 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 return on equity of 20.64% and a net margin of 10.87%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 EPS. On average, research analysts forecast that The Hartford Financial Services Group, Inc. will post 9.91 earnings per share for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, June 3rd were issued a dividend of $0.47 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.88 annualized dividend and a yield of 1.89%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 21.36%.

Insider Buying and Selling at The Hartford Financial Services Group

In related news, EVP Michael R. Fisher sold 4,088 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $101.47, for a total transaction of $414,809.36. Following the sale, the executive vice president now directly owns 14,818 shares in the company, valued at $1,503,582.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Michael R. Fisher sold 4,088 shares of The Hartford Financial Services Group stock in a transaction on Monday, July 1st. The shares were sold at an average price of $101.47, for a total transaction of $414,809.36. Following the completion of the sale, the executive vice president now directly owns 14,818 shares of the company’s stock, valued at approximately $1,503,582.46. The transaction 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 business’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 transaction, the executive vice president now 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. Insiders have sold 94,499 shares of company stock valued at $9,449,309 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Cowen lifted their target price on shares of The Hartford Financial Services Group to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. upped their price objective on The Hartford Financial Services Group from $91.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $105.00 target price on shares of The Hartford Financial Services Group in a research note on Friday, June 28th. Keefe, Bruyette & Woods upped their price target on The Hartford Financial Services Group from $114.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Finally, Citigroup downgraded The Hartford Financial Services Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $116.00 to $114.00 in a research report on Friday, June 28th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, The Hartford Financial Services Group has an average rating of “Moderate Buy” and a consensus target price of $106.71.

View Our Latest Analysis 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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