The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd decreased its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 94.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,778 shares of the insurance provider's stock after selling 49,786 shares during the quarter. WINTON GROUP Ltd's holdings in The Hartford Financial Services Group were worth $304,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of The Hartford Financial Services Group by 3,342.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock worth $26,000 after buying an additional 234 shares during the period. Barrett & Company Inc. raised its stake in The Hartford Financial Services Group by 46.5% during the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock valued at $32,000 after acquiring an additional 93 shares during the last quarter. DT Investment Partners LLC lifted its position in The Hartford Financial Services Group by 49.8% during the 4th quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider's stock worth $36,000 after acquiring an additional 110 shares during the period. Flagship Wealth Advisors LLC acquired a new position in shares of The Hartford Financial Services Group in the fourth quarter valued at approximately $36,000. Finally, Key Financial Inc raised its stake in shares of The Hartford Financial Services Group by 526.3% during the fourth quarter. Key Financial Inc now owns 357 shares of the insurance provider's stock worth $39,000 after purchasing an additional 300 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

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The Hartford Financial Services Group Stock Down 4.6 %

NYSE HIG traded down $5.70 during mid-day trading on Friday, reaching $117.74. 350,867 shares of the company's stock traded hands, compared to its average volume of 1,574,112. The Hartford Financial Services Group, Inc. has a 1-year low of $94.47 and a 1-year high of $125.08. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The company has a market cap of $33.60 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 1.12 and a beta of 0.91. The company has a fifty day simple moving average of $116.52 and a 200-day simple moving average of $115.51.

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

The Hartford Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio is presently 20.10%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays upgraded shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $130.00 to $135.00 in a research report on Monday, January 6th. StockNews.com downgraded shares of The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Wells Fargo & Company cut their target price on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Raymond James increased their price target on shares of The Hartford Financial Services Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Keefe, Bruyette & Woods lifted their price objective on The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $123.47.

Insider Transactions at The Hartford Financial Services Group

In other news, CEO Christopher Swift sold 98,061 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $120.39, for a total transaction of $11,805,563.79. Following the completion of the transaction, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at approximately $25,412,161.98. This represents a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert W. Paiano sold 13,138 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $117.20, for a total value of $1,539,773.60. Following the transaction, the executive vice president now owns 31,678 shares of the company's stock, valued at $3,712,661.60. This represents a 29.32 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

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.