Transatlantique Private Wealth LLC cut its position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 56.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,410 shares of the insurance provider's stock after selling 4,363 shares during the quarter. Transatlantique Private Wealth LLC's holdings in The Hartford Financial Services Group were worth $373,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in 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 purchasing an additional 234 shares during the period. Barrett & Company Inc. boosted its holdings 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 buying an additional 93 shares during the period. DT Investment Partners LLC lifted its position in shares of The Hartford Financial Services Group by 49.8% during the fourth quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider's stock worth $36,000 after acquiring an additional 110 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in The Hartford Financial Services Group in the 4th quarter worth approximately $36,000. Finally, Key Financial Inc increased its stake in The Hartford Financial Services Group by 526.3% in the 4th quarter. Key Financial Inc now owns 357 shares of the insurance provider's stock worth $39,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company's stock.
The Hartford Financial Services Group Trading Up 0.3 %
Shares of HIG traded up $0.31 during trading hours on Wednesday, reaching $119.05. 1,595,556 shares of the company traded hands, compared to its average volume of 1,576,498. The company's fifty day moving average price is $117.27 and its two-hundred day moving average price is $115.33. 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 $34.29 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 1.12 and a beta of 0.68. The Hartford Financial Services Group, Inc. has a 12 month low of $94.47 and a 12 month high of $125.08.
The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, beating 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 research analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current fiscal year.
The Hartford Financial Services Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.75%. The ex-dividend date was Monday, March 3rd. The Hartford Financial Services Group's payout ratio is currently 20.10%.
Analyst Ratings Changes
Several brokerages have recently commented on HIG. Keefe, Bruyette & Woods cut their price objective on The Hartford Financial Services Group from $140.00 to $133.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Raymond James raised their price objective 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, March 31st. Jefferies Financial Group cut their target price on shares of The Hartford Financial Services Group from $118.00 to $117.00 and set a "hold" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. lifted their price target on The Hartford Financial Services Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Finally, Barclays raised their price objective on The Hartford Financial Services Group from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $124.13.
View Our Latest Analysis on HIG
Insiders Place Their Bets
In related news, EVP Robert W. Paiano sold 13,138 shares of the firm'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 transaction of $1,539,773.60. Following the completion of the sale, the executive vice president now owns 31,678 shares of the company's stock, valued at $3,712,661.60. This trade represents a 29.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher Swift sold 1,144 shares of The Hartford Financial Services Group stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total value of $143,000.00. Following the completion of the sale, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at approximately $26,385,250. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,343 shares of company stock worth $13,488,337. 1.60% of the stock is currently owned by company insiders.
About The Hartford Financial Services Group
(
Free Report)
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.
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