Insider Selling: Hartford Financial Services Group EVP Sells 17,797 Shares of Stock (HIG)
Hartford Financial Services Group (NYSE:HIG) EVP Martha Gervasi sold 17,797 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $35.03, for a total value of $623,428.91. Following the completion of the sale, the executive vice president now directly owns 29,054 shares of the company’s stock, valued at approximately $1,017,762. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on HIG shares. Analysts at Zacks reiterated a “neutral” rating on shares of Hartford Financial Services Group in a research note on Friday, August 1st. They now have a $36.00 price target on the stock. Analysts at RBC Capital raised their price target on shares of Hartford Financial Services Group from $35.00 to $36.00 in a research note on Friday, August 1st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Hartford Financial Services Group currently has an average rating of “Buy” and a consensus target price of $39.43.
Shares of Hartford Financial Services Group (NYSE:HIG) traded down 0.43% on Friday, hitting $35.11. 2,553,245 shares of the company’s stock traded hands. Hartford Financial Services Group has a 1-year low of $29.37 and a 1-year high of $36.87. The stock has a 50-day moving average of $35.47 and a 200-day moving average of $35.09. The company has a market cap of $15.722 billion and a price-to-earnings ratio of 26.79.
Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.68 by $0.37. During the same quarter in the prior year, the company posted $0.66 earnings per share. Analysts expect that Hartford Financial Services Group will post $3.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, August 28th. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.15.
Hartford Financial Services Group Inc, formerly The Hartford Financial Services Group, Inc, is an insurance and financial services company.
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