Lindbrook Capital LLC Grows Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Lindbrook Capital LLC boosted its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,232 shares of the insurance provider’s stock after purchasing an additional 158 shares during the quarter. Lindbrook Capital LLC’s holdings in The Hartford Financial Services Group were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of HIG. GoalVest Advisory LLC boosted its position in The Hartford Financial Services Group by 464.8% during the 4th quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 251 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of The Hartford Financial Services Group during the 4th quarter valued at about $26,000. CVA Family Office LLC purchased a new position in shares of The Hartford Financial Services Group in the 4th quarter valued at about $27,000. Chilton Capital Management LLC acquired a new stake in The Hartford Financial Services Group in the 4th quarter worth about $28,000. Finally, Selway Asset Management acquired a new stake in The Hartford Financial Services Group in the 3rd quarter worth about $29,000. Institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Up 0.9 %

Shares of NYSE HIG opened at $99.82 on Tuesday. The Hartford Financial Services Group, Inc. has a 52-week low of $67.05 and a 52-week high of $103.64. The firm has a fifty day moving average of $97.97 and a 200-day moving average of $85.67. The stock has a market capitalization of $29.68 billion, a PE ratio of 12.49, a P/E/G ratio of 1.40 and a beta of 0.89. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.29.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.62. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $5.84 billion. During the same period in the prior year, the company earned $2.31 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. On average, analysts anticipate that The Hartford Financial Services Group, Inc. will post 10.13 EPS for the current year.

The Hartford Financial Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were issued a $0.47 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.88 dividend on an annualized basis and a yield of 1.88%. The Hartford Financial Services Group’s dividend payout ratio is currently 23.53%.

Wall Street Analysts Forecast Growth

HIG has been the topic of a number of recent analyst reports. Evercore ISI upped their price objective on The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Wells Fargo & Company increased their target price on The Hartford Financial Services Group from $106.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Citigroup upped their price objective on shares of The Hartford Financial Services Group from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Raymond James reissued an “outperform” rating and set a $120.00 price target (up previously from $100.00) on shares of The Hartford Financial Services Group in a report on Monday, April 1st. Finally, TD Cowen lifted their price objective on The Hartford Financial Services Group to $144.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, The Hartford Financial Services Group presently has an average rating of “Moderate Buy” and an average target price of $105.56.

Insiders Place Their Bets

In other news, CEO Christopher Swift sold 94,807 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $86.65, for a total value of $8,215,026.55. Following the sale, the chief executive officer now owns 170,180 shares in the company, valued at approximately $14,746,097. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 shares were sold at an average price of $98.90, for a total value of $2,670,695.60. Following the completion of the transaction, the executive vice president now owns 18,906 shares in the company, valued at approximately $1,869,803.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Christopher Swift sold 94,807 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $86.65, for a total transaction of $8,215,026.55. Following the completion of the transaction, the chief executive officer now owns 170,180 shares of the company’s stock, valued at approximately $14,746,097. The disclosure for this sale can be found here. Insiders have sold 201,308 shares of company stock worth $18,356,153 in the last quarter. 1.60% of the stock is owned by corporate insiders.

The Hartford Financial Services Group Company 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.