The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp decreased its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,138 shares of the insurance provider’s stock after selling 468 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in The Hartford Financial Services Group were worth $654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. boosted its position in The Hartford Financial Services Group by 0.8% during the first quarter. BlackRock Inc. now owns 24,739,482 shares of the insurance provider’s stock valued at $1,724,094,000 after purchasing an additional 195,900 shares during the last quarter. Invesco Ltd. grew its stake in shares of The Hartford Financial Services Group by 1.3% in the 3rd quarter. Invesco Ltd. now owns 7,421,268 shares of the insurance provider’s stock valued at $526,242,000 after purchasing an additional 91,911 shares during the period. Geode Capital Management LLC boosted its holdings in shares of The Hartford Financial Services Group by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 6,532,858 shares of the insurance provider’s stock worth $454,234,000 after acquiring an additional 74,997 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of The Hartford Financial Services Group by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,612,529 shares of the insurance provider’s stock worth $403,036,000 after acquiring an additional 307,231 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of The Hartford Financial Services Group by 26.7% in the 3rd quarter. Victory Capital Management Inc. now owns 5,142,167 shares of the insurance provider’s stock worth $364,631,000 after acquiring an additional 1,083,420 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 27,004 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the completion of the transaction, the executive vice president now owns 18,906 shares in the company, valued at approximately $1,869,803.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Michael R. Fisher sold 27,004 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total value of $2,670,695.60. Following the completion of the transaction, the executive vice president now owns 18,906 shares in the company, valued at approximately $1,869,803.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Allison G. Niderno sold 1,516 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $94.55, for a total value of $143,337.80. Following the completion of the transaction, the senior vice president now owns 630 shares of the company’s stock, valued at approximately $59,566.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 253,715 shares of company stock worth $22,789,138. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

HIG has been the topic of several recent analyst reports. 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. UBS Group upped their price objective on The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Monday, February 5th. The Goldman Sachs Group upped their price objective on The Hartford Financial Services Group from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective 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, Royal Bank of Canada upped their price objective on The Hartford Financial Services Group from $77.00 to $95.00 and gave the stock a “sector perform” rating in a report on Monday, February 5th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $101.94.

The Hartford Financial Services Group Stock Up 0.5 %

HIG stock traded up $0.44 during trading hours on Friday, reaching $97.78. 1,806,113 shares of the stock were exchanged, compared to its average volume of 1,883,683. The firm’s 50-day moving average is $97.07 and its 200-day moving average is $84.44. The company has a market cap of $29.07 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.38 and a beta of 0.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.32 and a quick ratio of 0.32. The Hartford Financial Services Group, Inc. has a 12 month low of $67.01 and a 12 month high of $103.64.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.62. The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $5.84 billion. The Hartford Financial Services Group had a return on equity of 19.82% and a net margin of 10.21%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 EPS. On average, equities research analysts expect that The Hartford Financial Services Group, Inc. will post 10.12 earnings per share for the current year.

The Hartford Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Friday, March 1st. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 23.53%.

The Hartford Financial Services Group Company Profile

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.