The Hartford Financial Services Group, Inc. (NYSE:HIG) CEO Sells $143,000.00 in Stock

The Hartford Financial Services Group, Inc. (NYSE:HIG - Get Free Report) CEO Christopher Swift sold 1,144 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total transaction of $143,000.00. Following the completion of the transaction, the chief executive officer now owns 211,082 shares in the company, valued at $26,385,250. The trade was a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Christopher Swift also recently made the following trade(s):

• On Monday, March 17th, Christopher Swift sold 98,061 shares of The Hartford Financial Services Group stock. The stock was sold at an average price of $120.39, for a total value of $11,805,563.79.

The Hartford Financial Services Group Stock Down 3.6 %

Shares of The Hartford Financial Services Group stock traded down $4.07 on Monday, reaching $109.50. The company's stock had a trading volume of 882,219 shares, compared to its average volume of 1,579,871. The Hartford Financial Services Group, Inc. has a 52 week low of $94.47 and a 52 week high of $125.08. The firm's fifty day simple moving average is $116.56 and its two-hundred day simple moving average is $115.47. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $31.25 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 1.12 and a beta of 0.68.

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The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, topping the consensus estimate of $2.68 by $0.26. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. Equities analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.08 annualized dividend and a yield of 1.90%. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 20.10%.

Institutional Trading of The Hartford Financial Services Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HIG. Catalyst Financial Partners LLC increased its stake in The Hartford Financial Services Group by 3.0% in the 4th quarter. Catalyst Financial Partners LLC now owns 3,079 shares of the insurance provider's stock worth $337,000 after buying an additional 90 shares in the last quarter. Barrett & Company Inc. boosted its stake in The Hartford Financial Services Group by 46.5% in the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock worth $32,000 after purchasing an additional 93 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in The Hartford Financial Services Group by 2.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,468 shares of the insurance provider's stock valued at $489,000 after buying an additional 97 shares in the last quarter. Lifestyle Asset Management Inc. raised its position in shares of The Hartford Financial Services Group by 0.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider's stock valued at $1,258,000 after buying an additional 98 shares during the last quarter. Finally, Smithfield Trust Co lifted its holdings in shares of The Hartford Financial Services Group by 26.7% in the fourth quarter. Smithfield Trust Co now owns 475 shares of the insurance provider's stock worth $51,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HIG. Keefe, Bruyette & Woods lifted their target price on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Raymond James lifted their price objective on The Hartford Financial Services Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, March 31st. Piper Sandler increased their target price on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. StockNews.com lowered The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company decreased their price objective on The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, The Hartford Financial Services Group has a consensus rating of "Moderate Buy" and a consensus price target of $123.47.

About The Hartford Financial Services Group

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.