Truist Financial Corp grew its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG – Free Report) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,475 shares of the insurance provider’s stock after acquiring an additional 3,022 shares during the period. Truist Financial Corp’s holdings in The Hartford Financial Services Group were worth $9,232,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in HIG. Cambridge Investment Research Advisors Inc. grew its position in The Hartford Financial Services Group by 7.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,704 shares of the insurance provider’s stock worth $1,271,000 after acquiring an additional 1,185 shares in the last quarter. D.A. Davidson & CO. grew its position in The Hartford Financial Services Group by 9.1% in the first quarter. D.A. Davidson & CO. now owns 3,952 shares of the insurance provider’s stock worth $284,000 after acquiring an additional 330 shares in the last quarter. Prudential PLC bought a new stake in The Hartford Financial Services Group in the first quarter worth approximately $674,000. Cetera Investment Advisers boosted its holdings in shares of The Hartford Financial Services Group by 88.6% during the 1st quarter. Cetera Investment Advisers now owns 11,238 shares of the insurance provider’s stock worth $807,000 after buying an additional 5,278 shares during the period. Finally, Zions Bancorporation N.A. boosted its holdings in shares of The Hartford Financial Services Group by 235.4% during the 1st quarter. Zions Bancorporation N.A. now owns 1,070 shares of the insurance provider’s stock worth $77,000 after buying an additional 751 shares during the period. 90.24% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other The Hartford Financial Services Group news, EVP Stephanie C. Bush sold 3,500 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $72.40, for a total transaction of $253,400.00. Following the sale, the executive vice president now owns 15,063 shares of the company’s stock, valued at approximately $1,090,561.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 4,172 shares of company stock valued at $302,012 in the last 90 days. 1.80% of the stock is currently owned by insiders.
The Hartford Financial Services Group Stock Up 0.4 %
The Hartford Financial Services Group (NYSE:HIG – Get Free Report) last posted its earnings results on Thursday, July 27th. The insurance provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.03. The Hartford Financial Services Group had a net margin of 8.53% and a return on equity of 17.54%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.09 billion. Equities research analysts anticipate that The Hartford Financial Services Group, Inc. will post 7.79 EPS for the current fiscal year.
The Hartford Financial Services Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 1st will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, August 31st. The Hartford Financial Services Group’s payout ratio is 27.33%.
Analyst Ratings Changes
HIG has been the subject of several recent analyst reports. Piper Sandler decreased their price objective on shares of The Hartford Financial Services Group from $94.00 to $93.00 and set an “overweight” rating for the company in a report on Monday, July 31st. 888 reaffirmed a “reiterates” rating on shares of The Hartford Financial Services Group in a report on Monday, May 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $77.00 price objective on shares of The Hartford Financial Services Group in a report on Monday, July 31st. StockNews.com initiated coverage on shares of The Hartford Financial Services Group in a research note on Thursday, May 18th. They set a “buy” rating for the company. Finally, Barclays cut their target price on shares of The Hartford Financial Services Group from $87.00 to $83.00 in a research note on Friday, July 28th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.46.
View Our Latest Analysis on HIG
The Hartford Financial Services Group Company Profile
The Hartford Financial Services Group, Inc 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, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.
Read More
- Five stocks we like better than The Hartford Financial Services Group
- What Are the U.K. Market Holidays? How to Invest and Trade
- Alibaba Explodes On Earnings, Inching Toward Triple Digit Prices
- How to Invest in the Entertainment Industry
- Is It Time To Game The Roblox Market?
- The 3 Best Fintech Stocks to Buy Now
- 2 Cheap Stocks The Insiders Are Buying
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.
