Insider Selling: Hartford Financial Services Group Inc (NYSE:HIG) EVP Sells 3,672 Shares of Stock

Share on StockTwits

Hartford Financial Services Group Inc (NYSE:HIG) EVP Martha Gervasi sold 3,672 shares of Hartford Financial Services Group stock in a transaction on Monday, June 17th. The stock was sold at an average price of $55.04, for a total transaction of $202,106.88. Following the completion of the sale, the executive vice president now owns 18,882 shares of the company’s stock, valued at approximately $1,039,265.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Martha Gervasi also recently made the following trade(s):

  • On Tuesday, May 14th, Martha Gervasi sold 5,039 shares of Hartford Financial Services Group stock. The stock was sold at an average price of $52.87, for a total transaction of $266,411.93.

Hartford Financial Services Group stock traded up $0.27 during mid-day trading on Wednesday, reaching $55.25. The company’s stock had a trading volume of 1,425,500 shares, compared to its average volume of 2,131,403. The company has a market cap of $19.71 billion, a PE ratio of 12.76, a P/E/G ratio of 1.13 and a beta of 0.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. Hartford Financial Services Group Inc has a twelve month low of $40.54 and a twelve month high of $55.42.

Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.15. The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.84 billion. Hartford Financial Services Group had a net margin of 9.58% and a return on equity of 12.46%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.27 earnings per share. Equities research analysts anticipate that Hartford Financial Services Group Inc will post 5.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, May 31st. Hartford Financial Services Group’s dividend payout ratio is presently 27.71%.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its holdings in Hartford Financial Services Group by 1.2% in the third quarter. Vanguard Group Inc now owns 37,098,691 shares of the insurance provider’s stock worth $1,853,451,000 after purchasing an additional 455,263 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Hartford Financial Services Group by 12.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,109,074 shares of the insurance provider’s stock valued at $227,084,000 after acquiring an additional 565,189 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in shares of Hartford Financial Services Group by 20.7% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 4,653,359 shares of the insurance provider’s stock valued at $206,842,000 after acquiring an additional 797,185 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Hartford Financial Services Group by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 4,622,774 shares of the insurance provider’s stock valued at $205,120,000 after acquiring an additional 353,601 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Hartford Financial Services Group by 1.2% during the first quarter. Northern Trust Corp now owns 4,109,789 shares of the insurance provider’s stock valued at $204,338,000 after acquiring an additional 49,213 shares during the period. 89.86% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on HIG shares. Goldman Sachs Group upgraded shares of Hartford Financial Services Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $53.00 to $64.00 in a research note on Wednesday, May 29th. Zacks Investment Research lowered shares of Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Wells Fargo & Co restated a “hold” rating and issued a $56.00 price target on shares of Hartford Financial Services Group in a research note on Thursday, May 2nd. Barclays lifted their price target on shares of Hartford Financial Services Group from $57.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Finally, ValuEngine lowered shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Hartford Financial Services Group has a consensus rating of “Buy” and a consensus price target of $58.25.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/4379904/insider-selling-hartford-financial-services-group-inc-nysehig-evp-sells-3672-shares-of-stock.html.

About Hartford Financial Services Group

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.

Further Reading: How Investors Use a Balance Sheet

Insider Buying and Selling by Quarter for Hartford Financial Services Group (NYSE:HIG)

Receive News & Ratings for Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Perseus Mining  Set to Announce Quarterly Earnings on Wednesday
Perseus Mining Set to Announce Quarterly Earnings on Wednesday
NVE  Set to Announce Earnings on Wednesday
NVE Set to Announce Earnings on Wednesday
Piedmont Lithium  vs. Its Peers Financial Analysis
Piedmont Lithium vs. Its Peers Financial Analysis
Head-To-Head Analysis: Marriott International  versus Wyndham Hotels & Resorts
Head-To-Head Analysis: Marriott International versus Wyndham Hotels & Resorts
Qutoutiao  and FactSet Research Systems  Financial Review
Qutoutiao and FactSet Research Systems Financial Review
Reviewing Cogent Communications  and Blackbaud
Reviewing Cogent Communications and Blackbaud


© 2006-2019 Ticker Report