Robert B. Allardice III Sells 9,500 Shares of Hartford Financial Services Group Inc (NYSE:HIG) Stock

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Hartford Financial Services Group Inc (NYSE:HIG) Director Robert B. Allardice III sold 9,500 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $58.22, for a total value of $553,090.00. Following the completion of the sale, the director now owns 21,684 shares of the company’s stock, valued at $1,262,442.48. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Hartford Financial Services Group stock opened at $57.89 on Friday. The firm has a market cap of $21.30 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.18 and a beta of 0.67. The business has a 50-day moving average price of $57.33 and a 200-day moving average price of $52.64. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.27. Hartford Financial Services Group Inc has a twelve month low of $40.54 and a twelve month high of $59.17.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, August 1st. The insurance provider reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.22. The firm had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.07 billion. Hartford Financial Services Group had a return on equity of 12.44% and a net margin of 8.36%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 earnings per share. On average, equities analysts expect that Hartford Financial Services Group Inc will post 5.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.30 per share. The ex-dividend date is Friday, August 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.07%. Hartford Financial Services Group’s payout ratio is 27.71%.

Institutional investors have recently modified their holdings of the company. IFM Investors Pty Ltd grew its position in shares of Hartford Financial Services Group by 14.7% during the second quarter. IFM Investors Pty Ltd now owns 26,441 shares of the insurance provider’s stock valued at $1,473,000 after purchasing an additional 3,387 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Hartford Financial Services Group by 16.5% in the 1st quarter. Swiss National Bank now owns 1,358,015 shares of the insurance provider’s stock valued at $67,521,000 after acquiring an additional 192,000 shares during the last quarter. Foundry Partners LLC lifted its holdings in shares of Hartford Financial Services Group by 0.6% in the 2nd quarter. Foundry Partners LLC now owns 241,956 shares of the insurance provider’s stock valued at $13,482,000 after acquiring an additional 1,500 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of Hartford Financial Services Group by 129.0% in the 1st quarter. Martingale Asset Management L P now owns 94,524 shares of the insurance provider’s stock valued at $4,700,000 after acquiring an additional 53,242 shares during the last quarter. Finally, Investors Research Corp bought a new position in shares of Hartford Financial Services Group in the 1st quarter valued at about $93,000. Hedge funds and other institutional investors own 90.71% of the company’s stock.

A number of equities research analysts have issued reports on HIG shares. Royal Bank of Canada increased their price target on Hartford Financial Services Group to $68.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Goldman Sachs Group upgraded Hartford Financial Services Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $53.00 to $64.00 in a research note on Wednesday, May 29th. Barclays set a $70.00 price target on Hartford Financial Services Group and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research lowered Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Finally, B. Riley increased their price target on Hartford Financial Services Group from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Hartford Financial Services Group has an average rating of “Buy” and a consensus price target of $61.92.

Hartford Financial Services Group Company Profile

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.

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

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