United Asset Strategies Inc. Has $226,000 Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

United Asset Strategies Inc. lessened its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 11.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,810 shares of the insurance provider’s stock after selling 379 shares during the quarter. United Asset Strategies Inc.’s holdings in The Hartford Financial Services Group were worth $226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Flputnam Investment Management Co. raised its holdings in The Hartford Financial Services Group by 29.7% during the 4th quarter. Flputnam Investment Management Co. now owns 38,288 shares of the insurance provider’s stock worth $3,078,000 after buying an additional 8,776 shares during the period. Invesco LLC acquired a new stake in The Hartford Financial Services Group during the 4th quarter worth about $215,000. Cornercap Investment Counsel Inc. increased its holdings in shares of The Hartford Financial Services Group by 1.5% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 37,148 shares of the insurance provider’s stock valued at $2,986,000 after purchasing an additional 557 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of The Hartford Financial Services Group in the 4th quarter valued at about $1,463,000. Finally, MV Capital Management Inc. increased its holdings in shares of The Hartford Financial Services Group by 8.9% in the 4th quarter. MV Capital Management Inc. now owns 1,416 shares of the insurance provider’s stock valued at $114,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, CEO Christopher Swift sold 956 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $86.00, for a total transaction of $82,216.00. Following the completion of the sale, the chief executive officer now owns 170,180 shares of the company’s stock, valued at $14,635,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Michael R. Fisher sold 27,004 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total value of $2,670,695.60. Following the completion of the sale, the executive vice president now directly owns 18,906 shares of the company’s stock, valued at $1,869,803.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher Swift sold 956 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $86.00, for a total value of $82,216.00. Following the completion of the sale, the chief executive officer now directly owns 170,180 shares of the company’s stock, valued at $14,635,480. The disclosure for this sale can be found here. Insiders sold 249,082 shares of company stock valued at $22,404,321 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

The Hartford Financial Services Group Stock Down 2.0 %

Shares of The Hartford Financial Services Group stock opened at $95.78 on Thursday. The stock has a market capitalization of $28.48 billion, a P/E ratio of 11.99, a PEG ratio of 1.38 and a beta of 0.89. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $97.49 and a two-hundred day moving average price of $84.97. The Hartford Financial Services Group, Inc. has a 12-month low of $67.05 and a 12-month high of $103.64.

The Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.62. The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $5.84 billion. The Hartford Financial Services Group had a return on equity of 19.82% and a net margin of 10.21%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.31 earnings per share. Equities analysts expect that The Hartford Financial Services Group, Inc. will post 10.13 earnings per share for the current year.

The Hartford Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were given a dividend of $0.47 per share. The ex-dividend date was Friday, March 1st. This represents a $1.88 dividend on an annualized basis and a yield of 1.96%. The Hartford Financial Services Group’s payout ratio is currently 23.53%.

Analyst Ratings Changes

HIG has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on The Hartford Financial Services Group from $91.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Piper Sandler reiterated an “overweight” rating and issued a $115.00 target price on shares of The Hartford Financial Services Group in a report on Monday, April 1st. Citigroup upped their target price on The Hartford Financial Services Group from $109.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company upped their target price on The Hartford Financial Services Group from $106.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Evercore ISI upped 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. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.56.

The Hartford Financial Services Group 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.