Michael R. Fisher Sells 4,088 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) Stock

The Hartford Financial Services Group, Inc. (NYSE:HIG - Get Free Report) EVP Michael R. Fisher sold 4,088 shares of the company's stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $101.47, for a total transaction of $414,809.36. Following the transaction, the executive vice president now owns 14,818 shares in the company, valued at $1,503,582.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

The Hartford Financial Services Group Stock Up 0.2 %

Shares of NYSE HIG traded up $0.16 during midday trading on Tuesday, reaching $100.05. 1,692,883 shares of the company's stock were exchanged, compared to its average volume of 1,701,275. The stock has a market capitalization of $29.59 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.83 and a beta of 0.93. The Hartford Financial Services Group, Inc. has a 52-week low of $68.82 and a 52-week high of $105.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.31 and a current ratio of 0.31. The business's fifty day moving average price is $100.65 and its two-hundred day moving average price is $94.77.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The insurance provider reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates of $2.43 by ($0.09). The company had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.51 billion. The Hartford Financial Services Group had a return on equity of 20.64% and a net margin of 10.87%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 EPS. Analysts forecast that The Hartford Financial Services Group, Inc. will post 9.91 EPS for the current year.

The Hartford Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 3rd will be paid a $0.47 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.88%. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 21.36%.

Analyst Ratings Changes

Several research firms have weighed in on HIG. TD Cowen raised their target price on shares of The Hartford Financial Services Group to $144.00 and gave the company a "buy" rating in a report on Wednesday, April 3rd. Evercore ISI increased their target price on The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an "in-line" rating in a report on Thursday, April 11th. Raymond James restated an "outperform" rating and issued a $120.00 price objective (up from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. The Goldman Sachs Group boosted their target price on shares of The Hartford Financial Services Group from $105.00 to $111.00 and gave the company a "buy" rating in a research note on Thursday, June 13th. Finally, Keefe, Bruyette & Woods raised their price target on shares of The Hartford Financial Services Group from $114.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $106.71.

Hedge Funds Weigh In On The Hartford Financial Services Group

Hedge funds have recently bought and sold shares of the company. GoalVest Advisory LLC lifted its holdings in The Hartford Financial Services Group by 464.8% during the 4th quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider's stock worth $25,000 after buying an additional 251 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of The Hartford Financial Services Group during the fourth quarter worth $26,000. New Covenant Trust Company N.A. bought a new position in shares of The Hartford Financial Services Group in the 1st quarter worth about $26,000. CVA Family Office LLC acquired a new position in shares of The Hartford Financial Services Group in the 4th quarter valued at about $27,000. Finally, Chilton Capital Management LLC acquired a new stake in The Hartford Financial Services Group during the fourth quarter worth about $28,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

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.