The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Purchased by Cwm LLC

Cwm LLC increased its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 23.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,323 shares of the insurance provider’s stock after acquiring an additional 2,174 shares during the period. Cwm LLC’s holdings in The Hartford Financial Services Group were worth $910,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. grew its holdings in The Hartford Financial Services Group by 11.7% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 3,165 shares of the insurance provider’s stock worth $254,000 after acquiring an additional 331 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in The Hartford Financial Services Group during the fourth quarter worth $2,875,000. New Millennium Group LLC acquired a new stake in The Hartford Financial Services Group in the fourth quarter valued at $1,552,000. SteelPeak Wealth LLC acquired a new stake in The Hartford Financial Services Group in the fourth quarter valued at $1,691,000. Finally, Cerity Partners LLC grew its holdings in The Hartford Financial Services Group by 19.8% in the fourth quarter. Cerity Partners LLC now owns 49,614 shares of the insurance provider’s stock valued at $4,003,000 after purchasing an additional 8,203 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Performance

NYSE HIG opened at $95.30 on Monday. The business’s 50-day moving average price is $98.50 and its 200 day moving average price is $86.45. The Hartford Financial Services Group, Inc. has a twelve month low of $67.05 and a twelve month high of $103.64. The company has a market capitalization of $28.33 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, April 25th. The insurance provider reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.09). The Hartford Financial Services Group had a return on equity of 21.04% and a net margin of 10.87%. The business had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.51 billion. During the same quarter last year, the company posted $1.68 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts predict that The Hartford Financial Services Group, Inc. will post 10.11 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Monday, March 4th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.88 annualized dividend and a yield of 1.97%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 21.36%.

Insider Buying and Selling

In related news, EVP Michael R. Fisher sold 27,004 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the transaction, the executive vice president now directly owns 18,906 shares in the company, valued at $1,869,803.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 27,004 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the completion of the sale, the executive vice president now directly owns 18,906 shares in the company, valued at $1,869,803.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Beth Ann Costello sold 38,915 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.42, for a total value of $3,713,269.30. Following the sale, the chief financial officer now owns 69,169 shares of the company’s stock, valued at $6,600,105.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 106,501 shares of company stock worth $10,141,126. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HIG has been the topic of several 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 reissued 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. Royal Bank of Canada upped their target price on The Hartford Financial Services Group from $77.00 to $95.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. TD Cowen upped their target price on The Hartford Financial Services Group to $144.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Finally, Raymond James reissued an “outperform” rating and issued a $120.00 target price (up previously from $100.00) on shares of The Hartford Financial Services Group in a report on Monday, April 1st. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.81.

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.