Gulf International Bank UK Ltd Buys 131 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)
Gulf International Bank UK Ltd boosted its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG – Free Report) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,528 shares of the insurance provider’s stock after acquiring an additional 131 shares during the quarter. Gulf International Bank UK Ltd’s holdings in The Hartford Financial Services Group were worth $2,630,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC grew its holdings in shares of The Hartford Financial Services Group by 19.5% during the third quarter. Kestra Advisory Services LLC now owns 21,252 shares of the insurance provider’s stock worth $1,507,000 after buying an additional 3,461 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of The Hartford Financial Services Group by 19.6% in the third quarter. Envestnet Asset Management Inc. now owns 513,351 shares of the insurance provider’s stock valued at $36,402,000 after purchasing an additional 84,001 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of The Hartford Financial Services Group in the third quarter worth $315,000. Dark Forest Capital Management LP acquired a new position in The Hartford Financial Services Group during the third quarter worth $1,240,000. Finally, LPL Financial LLC increased its stake in The Hartford Financial Services Group by 6.8% in the 3rd quarter. LPL Financial LLC now owns 107,297 shares of the insurance provider’s stock valued at $7,608,000 after buying an additional 6,840 shares during the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other The Hartford Financial Services Group news, EVP Jonathan R. Bennett sold 18,335 shares of The Hartford Financial Services Group stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $100.78, for a total value of $1,847,801.30. Following the transaction, the executive vice president now owns 25,643 shares in the company, valued at $2,584,301.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Beth Ann Costello sold 72,076 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $99.71, for a total transaction of $7,186,697.96. Following the completion of the transaction, the chief financial officer now directly owns 69,169 shares in the company, valued at $6,896,840.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan R. Bennett sold 18,335 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $100.78, for a total value of $1,847,801.30. Following the completion of the transaction, the executive vice president now owns 25,643 shares of the company’s stock, valued at $2,584,301.54. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.
The Hartford Financial Services Group Trading Down 0.7 %
Shares of The Hartford Financial Services Group stock opened at $102.94 on Friday. The Hartford Financial Services Group, Inc. has a 52-week low of $68.82 and a 52-week high of $103.96. The stock has a market cap of $30.45 billion, a PE ratio of 11.70, a PEG ratio of 0.85 and a beta of 0.93. The firm has a 50-day moving average of $100.12 and a 200-day moving average of $93.69. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.31 and a current ratio of 0.31.
The Hartford Financial Services Group (NYSE:HIG – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The insurance provider reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.09). The Hartford Financial Services Group had a return on equity of 20.64% and a net margin of 10.87%. The company had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter last year, the business earned $1.68 EPS. The Hartford Financial Services Group’s revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that The Hartford Financial Services Group, Inc. will post 9.94 EPS for the current year.
The Hartford Financial Services Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Monday, June 3rd. The Hartford Financial Services Group’s payout ratio is presently 21.36%.
Wall Street Analyst Weigh In
HIG has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of The Hartford Financial Services Group from $91.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Raymond James reiterated an “outperform” rating and set a $120.00 price objective (up previously from $100.00) on shares of The Hartford Financial Services Group in a research note on Monday, April 1st. Evercore ISI raised their target price on shares of The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Morgan Stanley dropped their price target on shares of The Hartford Financial Services Group from $110.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Finally, TD Cowen lifted their price objective on shares of The Hartford Financial Services Group to $144.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.24.
View Our Latest Stock Report on HIG
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.
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