The Hartford Financial Services Group, Inc. (NYSE:HIG) Short Interest Down 7.8% in June

The Hartford Financial Services Group, Inc. (NYSE:HIG - Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 4,380,000 shares, a decrease of 7.8% from the June 15th total of 4,750,000 shares. Based on an average trading volume of 1,560,000 shares, the short-interest ratio is currently 2.8 days. Approximately 1.5% of the shares of the stock are sold short.

Insider Buying and Selling

In other The Hartford Financial Services Group news, CFO Beth Ann Costello sold 72,076 shares of the business's stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $99.71, for a total transaction of $7,186,697.96. Following the sale, the chief financial officer now directly owns 69,169 shares in the company, valued at $6,896,840.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other The Hartford Financial Services Group news, CFO Beth Ann Costello sold 72,076 shares of the business's stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $99.71, for a total transaction of $7,186,697.96. Following the sale, the chief financial officer now directly owns 69,169 shares in the company, valued at $6,896,840.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael R. Fisher sold 4,088 shares of the business's stock in a transaction on Monday, July 1st. The stock was sold at an average price of $101.47, for a total value of $414,809.36. Following the sale, the executive vice president now owns 14,818 shares in the company, valued at $1,503,582.46. The disclosure for this sale can be found here. Insiders have sold 94,499 shares of company stock valued at $9,449,309 over the last quarter. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HIG. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of The Hartford Financial Services Group by 3.1% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 3,736 shares of the insurance provider's stock worth $385,000 after purchasing an additional 114 shares during the last quarter. MV Capital Management Inc. lifted its stake in The Hartford Financial Services Group by 8.9% in the fourth quarter. MV Capital Management Inc. now owns 1,416 shares of the insurance provider's stock valued at $114,000 after buying an additional 116 shares during the last quarter. Covestor Ltd boosted its holdings in shares of The Hartford Financial Services Group by 28.8% during the first quarter. Covestor Ltd now owns 519 shares of the insurance provider's stock valued at $54,000 after acquiring an additional 116 shares during the period. United Asset Strategies Inc. grew its position in shares of The Hartford Financial Services Group by 4.3% during the first quarter. United Asset Strategies Inc. now owns 2,931 shares of the insurance provider's stock worth $302,000 after acquiring an additional 121 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of The Hartford Financial Services Group by 34.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 473 shares of the insurance provider's stock worth $46,000 after acquiring an additional 121 shares during the period. Institutional investors own 93.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HIG shares. Citigroup downgraded The Hartford Financial Services Group from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $116.00 to $114.00 in a research report on Friday, June 28th. JPMorgan Chase & Co. upped their price target on The Hartford Financial Services Group from $104.00 to $116.00 and gave the stock a "neutral" rating in a research note on Thursday, July 11th. Morgan Stanley dropped their price target on The Hartford Financial Services Group from $109.00 to $107.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 10th. TD Cowen upped their price target on The Hartford Financial Services Group to $144.00 and gave the stock a "buy" rating in a research note on Wednesday, April 3rd. Finally, Piper Sandler restated an "overweight" rating and set a $115.00 price target on shares of The Hartford Financial Services Group in a research note on Monday, April 1st. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, The Hartford Financial Services Group currently has an average rating of "Moderate Buy" and a consensus price target of $107.50.

The Hartford Financial Services Group Stock Up 0.0 %

NYSE HIG traded up $0.02 during mid-day trading on Thursday, reaching $105.06. 1,195,207 shares of the company's stock traded hands, compared to its average volume of 1,669,722. The Hartford Financial Services Group has a 1-year low of $68.82 and a 1-year high of $106.93. The company has a fifty day simple moving average of $101.29 and a 200-day simple moving average of $96.42. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.29. The company has a market cap of $31.07 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 0.86 and a beta of 0.93.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its earnings results on Thursday, April 25th. The insurance provider reported $2.34 EPS for the quarter, missing analysts' consensus estimates of $2.43 by ($0.09). The Hartford Financial Services Group had a return on equity of 20.64% and a net margin of 10.87%. The firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same period in the prior year, the business earned $1.68 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that The Hartford Financial Services Group will post 9.83 EPS for the current year.

The Hartford Financial Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, September 3rd. The Hartford Financial Services Group's dividend payout ratio is presently 21.36%.

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.