Stephens Inc. AR decreased its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG – Get Rating) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,550 shares of the insurance provider’s stock after selling 913 shares during the period. Stephens Inc. AR’s holdings in The Hartford Financial Services Group were worth $2,165,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Gradient Investments LLC acquired a new stake in The Hartford Financial Services Group during the third quarter worth approximately $27,000. Janiczek Wealth Management LLC boosted its holdings in The Hartford Financial Services Group by 38.4% in the third quarter. Janiczek Wealth Management LLC now owns 588 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 163 shares in the last quarter. Accurate Wealth Management LLC bought a new position in The Hartford Financial Services Group in the fourth quarter worth approximately $54,000. Armstrong Advisory Group Inc. bought a new position in The Hartford Financial Services Group in the fourth quarter worth approximately $60,000. Finally, Larson Financial Group LLC bought a new position in The Hartford Financial Services Group in the third quarter worth approximately $50,000. Institutional investors and hedge funds own 89.93% of the company’s stock.
Analyst Ratings Changes
Several research analysts have issued reports on HIG shares. Piper Sandler increased their price target on The Hartford Financial Services Group from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday. Citigroup increased their price target on The Hartford Financial Services Group from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Wells Fargo & Company raised their target price on The Hartford Financial Services Group from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday. StockNews.com started coverage on The Hartford Financial Services Group in a report on Thursday, March 16th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group upgraded The Hartford Financial Services Group from a “neutral” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Wednesday, March 29th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.62.
The Hartford Financial Services Group Stock Performance
The Hartford Financial Services Group (NYSE:HIG – Get Rating) last issued its quarterly earnings results on Friday, February 3rd. The insurance provider reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.45. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.74 billion. The Hartford Financial Services Group had a return on equity of 18.15% and a net margin of 8.12%. The Hartford Financial Services Group’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $2.02 earnings per share. As a group, analysts anticipate that The Hartford Financial Services Group, Inc. will post 8.24 EPS for the current year.
The Hartford Financial Services Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 4th. Investors of record on Monday, March 6th were issued a dividend of $0.425 per share. The ex-dividend date was Friday, March 3rd. This represents a $1.70 dividend on an annualized basis and a yield of 2.43%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 31.19%.
Insider Buying and Selling
In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 3,920 shares of the firm’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $77.41, for a total value of $303,447.20. Following the completion of the sale, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at $1,998,726.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other The Hartford Financial Services Group news, CEO Christopher Swift sold 34,624 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $78.32, for a total value of $2,711,751.68. Following the sale, the chief executive officer now directly owns 197,221 shares in the company, valued at $15,446,348.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Adin M. Tooker sold 3,920 shares of the business’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $77.41, for a total value of $303,447.20. Following the completion of the sale, the executive vice president now owns 25,820 shares in the company, valued at $1,998,726.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,251 shares of company stock worth $7,500,806. 1.80% of the stock is owned by company insiders.
The Hartford Financial Services Group Profile
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.
Read More
- Get a free copy of the StockNews.com research report on The Hartford Financial Services Group (HIG)
- Hypercharge Networks: Up Triple Digits, But What’s The Big Deal?
- 3 Reasons Why Apple’s 30% Rally Has Legs
- 3 Reasons to Pick First Citizens Instead of First Republic Bank
- 3 April Earnings Plays for Bullish Swing Traders
- Is Constellation Brands Star About To Rise?
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.
