The Hartford Financial Services Group, Inc. (NYSE:HIG) CEO Christopher Swift Sells 1,144 Shares

The Hartford Financial Services Group, Inc. (NYSE:HIG) CEO Christopher Swift sold 1,144 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total transaction of $143,000.00. Following the sale, the chief executive officer now owns 211,082 shares in the company, valued at $26,385,250. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Christopher Swift also recently made the following trade(s):

• On Monday, March 17th, Christopher Swift sold 98,061 shares of The Hartford Financial Services Group stock. The stock was sold at an average price of $120.39, for a total transaction of $11,805,563.79.

The Hartford Financial Services Group Trading Down 8.0 %

Shares of HIG stock opened at $113.56 on Friday. The Hartford Financial Services Group, Inc. has a 12-month low of $94.47 and a 12-month high of $125.08. The company has a market capitalization of $32.41 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 1.12 and a beta of 0.91. The firm has a 50 day moving average price of $116.56 and a two-hundred day moving average price of $115.49. 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 Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results 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 return on equity of 19.55% and a net margin of 11.72%. As a group, analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were paid a $0.52 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.08 annualized dividend and a dividend yield of 1.83%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 20.10%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HIG. Piper Sandler increased their target price on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday. Wells Fargo & Company decreased their price target on The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Raymond James increased their price objective on The Hartford Financial Services Group from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, March 31st. 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. Finally, Barclays upgraded shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $130.00 to $135.00 in a research note on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.47.

Hedge Funds Weigh In On The Hartford Financial Services Group

A number of hedge funds have recently bought and sold shares of HIG. HighTower Advisors LLC increased its holdings in shares of The Hartford Financial Services Group by 7.1% during the third quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider’s stock worth $13,063,000 after purchasing an additional 7,350 shares during the period. Horizon Advisory Services Inc. acquired a new stake in The Hartford Financial Services Group during the fourth quarter worth approximately $277,000. Zurich Insurance Group Ltd FI bought a new position in The Hartford Financial Services Group during the 3rd quarter worth $19,005,000. Assenagon Asset Management S.A. raised its holdings in The Hartford Financial Services Group by 437.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider’s stock valued at $95,322,000 after acquiring an additional 709,324 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of The Hartford Financial Services Group by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 4,701,675 shares of the insurance provider’s stock valued at $514,363,000 after acquiring an additional 202,487 shares during the period. 93.42% of the stock is owned by institutional investors.

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.