The Hartford Financial Services Group, Inc. (NYSE:HIG) EVP Sells $355,485.00 in Stock

Saturday, August 7, 2021 | MarketBeat

The Hartford Financial Services Group, Inc. (NYSE:HIG) EVP David C. Robinson sold 5,469 shares of the firm's stock in a transaction that occurred on Wednesday, August 4th. The stock was sold at an average price of $65.00, for a total transaction of $355,485.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

HIG stock traded up $1.00 during midday trading on Friday, reaching $66.41. The company had a trading volume of 77,632 shares, compared to its average volume of 2,618,056. The Hartford Financial Services Group, Inc. has a 1 year low of $34.69 and a 1 year high of $69.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $23.72 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.71 and a beta of 1.11. The company's 50 day moving average price is $63.26.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Wednesday, July 28th. The insurance provider reported $2.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.99. The Hartford Financial Services Group had a net margin of 10.05% and a return on equity of 12.47%. As a group, equities research analysts predict that The Hartford Financial Services Group, Inc. will post 5.44 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 4th. Shareholders of record on Wednesday, September 1st will be given a $0.35 dividend. The ex-dividend date is Tuesday, August 31st. This represents a $1.40 dividend on an annualized basis and a yield of 2.11%. The Hartford Financial Services Group's payout ratio is 24.22%.

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of The Hartford Financial Services Group from $60.00 to $73.00 and gave the stock a "buy" rating in a report on Monday, July 12th. Bank of America upgraded shares of The Hartford Financial Services Group from a "neutral" rating to a "buy" rating and raised their target price for the stock from $75.00 to $76.00 in a report on Friday, July 30th. Evercore ISI raised their target price on shares of The Hartford Financial Services Group from $69.00 to $77.00 in a report on Friday, April 23rd. Credit Suisse Group started coverage on shares of The Hartford Financial Services Group in a research report on Wednesday, April 28th. They issued an "outperform" rating and a $82.00 price target for the company. Finally, Wells Fargo & Company restated a "buy" rating on shares of The Hartford Financial Services Group in a research report on Friday, April 30th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of "Buy" and a consensus target price of $71.23.

Hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC raised its holdings in shares of The Hartford Financial Services Group by 0.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 202,151 shares of the insurance provider's stock valued at $9,901,000 after purchasing an additional 613 shares in the last quarter. FIL Ltd raised its holdings in shares of The Hartford Financial Services Group by 16.1% during the 4th quarter. FIL Ltd now owns 148,915 shares of the insurance provider's stock valued at $7,294,000 after purchasing an additional 20,672 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of The Hartford Financial Services Group during the 4th quarter valued at $391,000. Norges Bank bought a new position in shares of The Hartford Financial Services Group during the 4th quarter valued at $192,651,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of The Hartford Financial Services Group by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,688,711 shares of the insurance provider's stock valued at $278,591,000 after purchasing an additional 55,652 shares in the last quarter. Institutional investors own 90.87% of the company's stock.

About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc provides insurance and financial services to individual and business customers in the United States, the United Kingdom, continental Europe, 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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