The Hartford Financial Services Group, Inc. (NYSE:HIG) CEO Sells $11,805,563.79 in Stock

The Hartford Financial Services Group, Inc. (NYSE:HIG) CEO Christopher Swift sold 98,061 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $120.39, for a total transaction of $11,805,563.79. Following the completion of the sale, the chief executive officer now directly owns 211,082 shares in the company, valued at approximately $25,412,161.98. This trade represents a 31.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

The Hartford Financial Services Group Price Performance

HIG stock opened at $119.20 on Friday. 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 Hartford Financial Services Group, Inc. has a 52 week low of $94.47 and a 52 week high of $124.90. The firm’s fifty day moving average is $114.36 and its 200 day moving average is $115.05. The firm has a market cap of $34.02 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.12 and a beta of 0.91.

The Hartford Financial Services Group (NYSE:HIG) last released its 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 predict that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Monday, March 3rd. The Hartford Financial Services Group’s dividend payout ratio is currently 20.10%.

Analyst Ratings Changes

Several analysts have recently issued reports on HIG shares. StockNews.com lowered shares of The Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday. 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 note on Monday, February 3rd. Piper Sandler boosted their price objective on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Barclays raised shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $130.00 to $135.00 in a research note on Monday, January 6th. Finally, BMO Capital Markets boosted their price objective on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $122.94.

Hedge Funds Weigh In On The Hartford Financial Services Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. 111 Capital purchased a new stake in The Hartford Financial Services Group during the 4th quarter valued at $1,263,000. Wealth Enhancement Advisory Services LLC boosted its position in The Hartford Financial Services Group by 37.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 101,634 shares of the insurance provider’s stock valued at $11,119,000 after buying an additional 27,464 shares during the period. NorthCrest Asset Manangement LLC boosted its position in The Hartford Financial Services Group by 0.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 13,286 shares of the insurance provider’s stock valued at $1,453,000 after buying an additional 105 shares during the period. Siemens Fonds Invest GmbH boosted its position in The Hartford Financial Services Group by 91.0% during the 4th quarter. Siemens Fonds Invest GmbH now owns 13,518 shares of the insurance provider’s stock valued at $1,479,000 after buying an additional 6,440 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in The Hartford Financial Services Group during the 4th quarter valued at $29,749,000. Institutional investors own 93.42% of the company’s stock.

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.