Signaturefd LLC Purchases 522 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Signaturefd LLC increased its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,384 shares of the insurance provider’s stock after purchasing an additional 522 shares during the quarter. Signaturefd LLC’s holdings in The Hartford Financial Services Group were worth $433,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GoalVest Advisory LLC raised its holdings in The Hartford Financial Services Group by 464.8% in 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 during the period. Turtle Creek Wealth Advisors LLC bought a new position in The Hartford Financial Services Group in the 4th quarter valued at about $26,000. CVA Family Office LLC bought a new position in The Hartford Financial Services Group in the 4th quarter valued at about $27,000. Chilton Capital Management LLC bought a new position in The Hartford Financial Services Group in the 4th quarter valued at about $28,000. Finally, Selway Asset Management bought a new position in The Hartford Financial Services Group in the 3rd quarter valued at about $29,000. 93.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HIG. Raymond James reissued an “outperform” rating and issued a $120.00 price target (up from $100.00) on shares of The Hartford Financial Services Group in a report on Monday, April 1st. Roth Mkm increased their price target on shares of The Hartford Financial Services Group from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Wells Fargo & Company raised their target price on shares of The Hartford Financial Services Group from $106.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. UBS Group raised their target price on shares of The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.56.

The Hartford Financial Services Group Stock Performance

NYSE HIG opened at $99.86 on Thursday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $29.69 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.41 and a beta of 0.89. The firm’s 50 day simple moving average is $98.33 and its 200 day simple moving average is $85.97. The Hartford Financial Services Group, Inc. has a 1 year low of $67.05 and a 1 year high of $103.64.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.62. The business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $5.84 billion. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $2.31 EPS. As a group, research analysts expect that The Hartford Financial Services Group, Inc. will post 10.13 earnings per share for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were given 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%.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, SVP Allison G. Niderno sold 1,332 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $89.74, for a total value of $119,533.68. Following the sale, the senior vice president now owns 630 shares in the company, valued at $56,536.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other The Hartford Financial Services Group news, SVP Allison G. Niderno sold 1,516 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $94.55, for a total value of $143,337.80. Following the sale, the senior vice president now owns 630 shares in the company, valued at $59,566.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Allison G. Niderno sold 1,332 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $89.74, for a total transaction of $119,533.68. Following the completion of the sale, the senior vice president now owns 630 shares in the company, valued at approximately $56,536.20. The disclosure for this sale can be found here. Insiders have sold 106,501 shares of company stock worth $10,141,126 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group 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.