The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. cut its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,040 shares of the insurance provider’s stock after selling 919 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in The Hartford Financial Services Group were worth $1,129,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HIG. Cambridge Investment Research Advisors Inc. grew its position in shares of 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 valued at $1,271,000 after purchasing an additional 1,185 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of 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 valued at $284,000 after purchasing an additional 330 shares during the last quarter. Prudential PLC acquired a new stake in shares of The Hartford Financial Services Group in the first quarter valued at approximately $674,000. Cetera Investment Advisers grew its position in shares of The Hartford Financial Services Group by 88.6% in the first quarter. Cetera Investment Advisers now owns 11,238 shares of the insurance provider’s stock valued at $807,000 after purchasing an additional 5,278 shares during the last quarter. Finally, Zions Bancorporation N.A. lifted its stake in shares of The Hartford Financial Services Group by 235.4% during the first quarter. Zions Bancorporation N.A. now owns 1,070 shares of the insurance provider’s stock valued at $77,000 after buying an additional 751 shares during the period. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of The Hartford Financial Services Group from $77.00 to $95.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. Morgan Stanley upped their price objective on shares of The Hartford Financial Services Group from $94.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. TD Cowen upped their price objective on shares of The Hartford Financial Services Group to $144.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Piper Sandler reissued an “overweight” rating and set a $115.00 price objective on shares of The Hartford Financial Services Group in a research note on Monday, April 1st. Finally, Citigroup upped their price objective on shares of The Hartford Financial Services Group from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.56.

The Hartford Financial Services Group Trading Up 2.1 %

Shares of The Hartford Financial Services Group stock traded up $2.00 during trading hours on Friday, hitting $98.95. The company’s stock had a trading volume of 1,484,941 shares, compared to its average volume of 1,638,250. The Hartford Financial Services Group, Inc. has a 1-year low of $67.05 and a 1-year high of $103.64. The business has a fifty day moving average of $97.80 and a 200 day moving average of $85.36. The company has a market capitalization of $29.42 billion, a PE ratio of 12.38, a P/E/G ratio of 1.40 and a beta of 0.89. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.29.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings data on Friday, February 2nd. The insurance provider reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.62. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The company had revenue of $6.40 billion during the quarter, compared to analyst estimates of $5.84 billion. During the same quarter in the prior year, the business earned $2.31 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts forecast that The Hartford Financial Services Group, Inc. will post 10.13 EPS for the current year.

The Hartford Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 4th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, March 1st. The Hartford Financial Services Group’s payout ratio is currently 23.53%.

Insider Transactions at The Hartford Financial Services Group

In other news, CEO Christopher Swift sold 94,807 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $86.65, for a total value of $8,215,026.55. Following the completion of the sale, the chief executive officer now owns 170,180 shares of the company’s stock, valued at $14,746,097. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Christopher Swift sold 94,807 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $86.65, for a total transaction of $8,215,026.55. Following the completion of the sale, the chief executive officer now directly owns 170,180 shares of the company’s stock, valued at approximately $14,746,097. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Adin M. Tooker sold 8,206 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $95.60, for a total transaction of $784,493.60. Following the sale, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at $2,468,392. The disclosure for this sale can be found here. Insiders sold 202,264 shares of company stock valued at $18,438,369 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

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.