332 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Bought by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC bought a new position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 332 shares of the insurance provider’s stock, valued at approximately $36,000.

Several other large investors also recently bought and sold shares of HIG. Oppenheimer & Co. Inc. acquired a new position in The Hartford Financial Services Group in the third quarter valued at $271,000. Empowered Funds LLC boosted its stake in The Hartford Financial Services Group by 34.0% in the third quarter. Empowered Funds LLC now owns 17,658 shares of the insurance provider’s stock valued at $2,077,000 after acquiring an additional 4,482 shares in the last quarter. Quest Partners LLC boosted its stake in The Hartford Financial Services Group by 6,364.9% in the third quarter. Quest Partners LLC now owns 18,425 shares of the insurance provider’s stock valued at $2,167,000 after acquiring an additional 18,140 shares in the last quarter. Meeder Advisory Services Inc. boosted its stake in The Hartford Financial Services Group by 1.9% in the third quarter. Meeder Advisory Services Inc. now owns 5,621 shares of the insurance provider’s stock valued at $661,000 after acquiring an additional 104 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of The Hartford Financial Services Group by 6.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,088 shares of the insurance provider’s stock worth $481,000 after buying an additional 259 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Robert W. Paiano sold 13,138 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $117.20, for a total transaction of $1,539,773.60. Following the completion of the transaction, the executive vice president now directly owns 31,678 shares of the company’s stock, valued at $3,712,661.60. This trade represents a 29.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 price target on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Piper Sandler increased their price target on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. BMO Capital Markets increased their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Finally, StockNews.com cut shares of The Hartford Financial Services Group from a “buy” rating to a “hold” rating in a report on Tuesday. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.94.

The Hartford Financial Services Group Trading Down 1.4 %

Shares of The Hartford Financial Services Group stock opened at $118.81 on Wednesday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $113.69 and a two-hundred day moving average of $114.96. The Hartford Financial Services Group, Inc. has a 12-month low of $94.47 and a 12-month high of $124.90. The stock has a market cap of $33.91 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.12 and a beta of 0.91.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts anticipate 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.75%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 20.10%.

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.