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

The Hartford Financial Services Group, Inc. (NYSE:HIG) CEO Christopher Swift sold 1,144 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total value of $143,000.00. Following the completion of the sale, the chief executive officer now directly owns 211,082 shares in the company, valued at $26,385,250. This represents a 0.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 value of $11,805,563.79.

The Hartford Financial Services Group Stock Performance

Shares of HIG opened at $113.56 on Friday. The company has a market capitalization of $32.41 billion, a PE ratio of 10.97, a PEG ratio of 1.12 and a beta of 0.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The company’s 50 day moving average price is $116.56 and its 200 day moving average price is $115.48. The Hartford Financial Services Group, Inc. has a 52 week low of $94.47 and a 52 week high of $125.08.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, beating the consensus estimate of $2.68 by $0.26. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. Research analysts expect that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 price target on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Piper Sandler raised their price objective on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. Finally, StockNews.com lowered The Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.47.

Institutional Investors Weigh In On The Hartford Financial Services Group

Several large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its stake in shares of The Hartford Financial Services Group by 1.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 41,624 shares of the insurance provider’s stock worth $4,892,000 after purchasing an additional 580 shares during the last quarter. Captrust Financial Advisors increased its position in The Hartford Financial Services Group by 6.4% during the third quarter. Captrust Financial Advisors now owns 20,131 shares of the insurance provider’s stock worth $2,368,000 after buying an additional 1,214 shares during the last quarter. Edgestream Partners L.P. raised its holdings in The Hartford Financial Services Group by 124.6% during the third quarter. Edgestream Partners L.P. now owns 7,039 shares of the insurance provider’s stock valued at $828,000 after buying an additional 3,905 shares in the last quarter. Centiva Capital LP lifted its position in shares of The Hartford Financial Services Group by 4.7% in the third quarter. Centiva Capital LP now owns 8,256 shares of the insurance provider’s stock worth $971,000 after buying an additional 374 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of The Hartford Financial Services Group by 7.1% during the 3rd quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider’s stock worth $13,063,000 after acquiring an additional 7,350 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.

About The Hartford Financial Services Group

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.