221,870 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Purchased by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. bought a new stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIGGet Rating) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 221,870 shares of the insurance provider’s stock, valued at approximately $14,516,000. The Hartford Financial Services Group accounts for about 1.0% of Lockheed Martin Investment Management Co.’s investment portfolio, making the stock its 26th largest position. Lockheed Martin Investment Management Co. owned 0.07% of The Hartford Financial Services Group at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Toroso Investments LLC increased its holdings in The Hartford Financial Services Group by 3.8% in the 1st quarter. Toroso Investments LLC now owns 4,293 shares of the insurance provider’s stock worth $308,000 after acquiring an additional 159 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in The Hartford Financial Services Group by 2.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 6,725 shares of the insurance provider’s stock worth $483,000 after acquiring an additional 162 shares in the last quarter. Lindbrook Capital LLC increased its holdings in The Hartford Financial Services Group by 8.3% in the 2nd quarter. Lindbrook Capital LLC now owns 2,200 shares of the insurance provider’s stock worth $144,000 after acquiring an additional 168 shares in the last quarter. AGF Investments LLC increased its holdings in The Hartford Financial Services Group by 1.6% in the 1st quarter. AGF Investments LLC now owns 11,579 shares of the insurance provider’s stock worth $831,000 after acquiring an additional 183 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. increased its holdings in The Hartford Financial Services Group by 5.0% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 3,940 shares of the insurance provider’s stock worth $283,000 after acquiring an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

The Hartford Financial Services Group Trading Up 1.0 %

NYSE HIG traded up $0.78 during trading hours on Thursday, reaching $75.53. The company had a trading volume of 2,806,675 shares, compared to its average volume of 1,835,002. The stock has a 50-day moving average of $68.24 and a 200 day moving average of $67.28. The Hartford Financial Services Group, Inc. has a 1-year low of $60.17 and a 1-year high of $76.00. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $24.03 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 1.52 and a beta of 0.92.

The Hartford Financial Services Group (NYSE:HIGGet Rating) last posted its earnings results on Thursday, October 27th. The insurance provider reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.05). The Hartford Financial Services Group had a net margin of 8.82% and a return on equity of 16.51%. The company had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same period in the previous year, the company earned $1.26 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, research analysts anticipate that The Hartford Financial Services Group, Inc. will post 7.04 earnings per share for the current fiscal year.

The Hartford Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, December 1st will be given a $0.425 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.70 dividend on an annualized basis and a yield of 2.25%. This is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.39. The Hartford Financial Services Group’s dividend payout ratio is presently 26.83%.

Insider Transactions at The Hartford Financial Services Group

In other news, CEO Christopher Swift sold 430 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $74.05, for a total transaction of $31,841.50. Following the sale, the chief executive officer now owns 157,120 shares of the company’s stock, valued at $11,634,736. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Douglas G. Elliot sold 147,986 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $72.61, for a total transaction of $10,745,263.46. Following the sale, the president now owns 251,133 shares of the company’s stock, valued at $18,234,767.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher Swift sold 430 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $74.05, for a total transaction of $31,841.50. Following the sale, the chief executive officer now owns 157,120 shares in the company, valued at $11,634,736. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 182,305 shares of company stock valued at $13,256,665. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HIG shares. Wells Fargo & Company upped their target price on shares of The Hartford Financial Services Group from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, October 31st. Royal Bank of Canada dropped their target price on shares of The Hartford Financial Services Group from $77.00 to $71.00 and set a “sector perform” rating for the company in a report on Monday, August 1st. Morgan Stanley upped their target price on shares of The Hartford Financial Services Group from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday. UBS Group boosted their price target on shares of The Hartford Financial Services Group to $95.00 in a research report on Friday, November 4th. Finally, Barclays boosted their price target on shares of The Hartford Financial Services Group from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, November 1st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, The Hartford Financial Services Group presently has an average rating of “Moderate Buy” and an average price target of $83.10.

The Hartford Financial Services Group Profile

(Get Rating)

The Hartford Financial Services Group, Inc provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

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Institutional Ownership by Quarter for The Hartford Financial Services Group (NYSE:HIG)

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