Hexagon Capital Partners LLC lowered its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG – Get Rating) by 43.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,034 shares of the insurance provider’s stock after selling 796 shares during the quarter. Hexagon Capital Partners LLC’s holdings in The Hartford Financial Services Group were worth $78,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gradient Investments LLC acquired a new stake in shares of The Hartford Financial Services Group in the third quarter worth $27,000. Janiczek Wealth Management LLC boosted its holdings in The Hartford Financial Services Group by 38.4% during the third quarter. Janiczek Wealth Management LLC now owns 588 shares of the insurance provider’s stock worth $38,000 after buying an additional 163 shares in the last quarter. Accurate Wealth Management LLC purchased a new stake in The Hartford Financial Services Group during the fourth quarter worth $54,000. Larson Financial Group LLC purchased a new stake in The Hartford Financial Services Group during the third quarter worth $50,000. Finally, Covestor Ltd boosted its holdings in The Hartford Financial Services Group by 130.8% during the first quarter. Covestor Ltd now owns 907 shares of the insurance provider’s stock worth $65,000 after buying an additional 514 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.
Insider Transactions at The Hartford Financial Services Group
In related news, EVP Amy Stepnowski sold 336 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $77.59, for a total transaction of $26,070.24. Following the completion of the sale, the executive vice president now directly owns 3,844 shares in the company, valued at $298,255.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Jonathan R. Bennett sold 3,914 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $77.86, for a total transaction of $304,744.04. Following the completion of the sale, the executive vice president now directly owns 25,643 shares in the company, valued at $1,996,563.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Amy Stepnowski sold 336 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $77.59, for a total transaction of $26,070.24. Following the sale, the executive vice president now owns 3,844 shares of the company’s stock, valued at $298,255.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,167 shares of company stock valued at $7,872,898. Corporate insiders own 1.80% of the company’s stock.
Wall Street Analyst Weigh In
The Hartford Financial Services Group Stock Performance
NYSE:HIG opened at $65.79 on Friday. The company’s 50-day moving average price is $74.76 and its 200-day moving average price is $72.24. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.33. The company has a market cap of $20.60 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.15 and a beta of 0.87. The Hartford Financial Services Group, Inc. has a twelve month low of $60.17 and a twelve month high of $79.44.
The Hartford Financial Services Group (NYSE:HIG – Get Rating) last posted its quarterly earnings results on Friday, February 3rd. The insurance provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.45. The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $5.74 billion. The Hartford Financial Services Group had a net margin of 8.12% and a return on equity of 18.15%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $2.02 earnings per share. On average, sell-side analysts forecast that The Hartford Financial Services Group, Inc. will post 8.35 earnings per share for the current fiscal year.
The Hartford Financial Services Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Monday, March 6th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, March 3rd. The Hartford Financial Services Group’s dividend payout ratio is currently 31.19%.
About The Hartford Financial Services Group
The Hartford Financial Services Group, Inc is an insurance and financial services company. It operates through the following segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Hartford Funds, and Corporate. The Commercial Lines segment provides workers’ compensation, property, automobile, liability and umbrella coverage under several different products.
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