Michael R. Fisher Sells 4,088 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) Stock

The Hartford Financial Services Group, Inc. (NYSE:HIG) EVP Michael R. Fisher sold 4,088 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $101.47, for a total transaction of $414,809.36. Following the transaction, the executive vice president now directly owns 14,818 shares of the company’s stock, valued at approximately $1,503,582.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

The Hartford Financial Services Group Price Performance

The Hartford Financial Services Group stock opened at $99.60 on Thursday. The Hartford Financial Services Group, Inc. has a 1 year low of $68.82 and a 1 year high of $105.20. The firm has a 50 day moving average price of $100.65 and a 200 day moving average price of $94.91. The company has a market cap of $29.46 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 0.83 and a beta of 0.93. 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) last released its quarterly earnings data on Thursday, April 25th. The insurance provider reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.51 billion. During the same quarter in the prior year, the firm earned $1.68 earnings per share. The Hartford Financial Services Group’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts predict that The Hartford Financial Services Group, Inc. will post 9.91 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, June 3rd were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.88 annualized dividend and a yield of 1.89%. The Hartford Financial Services Group’s dividend payout ratio is currently 21.36%.

Institutional Investors Weigh In On The Hartford Financial Services Group

Institutional investors have recently bought and sold shares of the business. GoalVest Advisory LLC grew its stake in The Hartford Financial Services Group by 464.8% during the fourth quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider’s stock worth $25,000 after buying an additional 251 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of The Hartford Financial Services Group during the fourth quarter worth $26,000. New Covenant Trust Company N.A. acquired a new position in shares of The Hartford Financial Services Group during the first quarter worth $26,000. CVA Family Office LLC acquired a new position in shares of The Hartford Financial Services Group during the fourth quarter worth $27,000. Finally, Chilton Capital Management LLC acquired a new position in shares of The Hartford Financial Services Group during the fourth quarter worth $28,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HIG shares. TD Cowen raised their target price on shares of The Hartford Financial Services Group to $144.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Wells Fargo & Company cut their price objective on shares of The Hartford Financial Services Group from $117.00 to $111.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 price objective on shares of The Hartford Financial Services Group in a report on Friday, June 28th. Citigroup cut shares of The Hartford Financial Services Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $116.00 to $114.00 in a report on Friday, June 28th. Finally, Argus lifted their price objective on shares of The Hartford Financial Services Group from $104.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $106.71.

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.