The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S raised its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 26.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,819 shares of the insurance provider’s stock after buying an additional 1,825 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in The Hartford Financial Services Group were worth $709,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in The Hartford Financial Services Group by 1.3% during the third quarter. Invesco Ltd. now owns 7,421,268 shares of the insurance provider’s stock worth $526,242,000 after purchasing an additional 91,911 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of The Hartford Financial Services Group by 2.1% in the 4th quarter. Victory Capital Management Inc. now owns 5,247,966 shares of the insurance provider’s stock valued at $421,832,000 after buying an additional 105,799 shares during the period. LSV Asset Management grew its position in shares of The Hartford Financial Services Group by 3.5% during the 4th quarter. LSV Asset Management now owns 4,821,885 shares of the insurance provider’s stock valued at $387,583,000 after buying an additional 165,190 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of The Hartford Financial Services Group by 2.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,503,815 shares of the insurance provider’s stock valued at $248,646,000 after buying an additional 87,001 shares during the last quarter. Finally, Norges Bank acquired a new stake in The Hartford Financial Services Group during the fourth quarter worth about $278,704,000. Institutional investors own 93.42% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on HIG. Citigroup lifted their target price on The Hartford Financial Services Group from $113.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Keefe, Bruyette & Woods increased their target price on The Hartford Financial Services Group from $114.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Roth Mkm raised their target price on The Hartford Financial Services Group from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Morgan Stanley lowered their price target on shares of The Hartford Financial Services Group from $110.00 to $109.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of The Hartford Financial Services Group from $92.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.88.

Check Out Our Latest Report on The Hartford Financial Services Group

The Hartford Financial Services Group Stock Performance

Shares of NYSE HIG opened at $102.38 on Thursday. The Hartford Financial Services Group, Inc. has a 1 year low of $67.42 and a 1 year high of $103.64. The firm has a market cap of $30.28 billion, a P/E ratio of 11.63, a PEG ratio of 0.84 and a beta of 0.90. The stock has a fifty day moving average price of $100.02 and a two-hundred day moving average price of $89.89. 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:HIGGet Free Report) last announced its earnings results on Thursday, April 25th. The insurance provider reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.09). The Hartford Financial Services Group had a net margin of 10.87% and a return on equity of 20.64%. The firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same period in the prior year, the business earned $1.68 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts forecast that The Hartford Financial Services Group, Inc. will post 9.94 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 3rd will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, May 31st. The Hartford Financial Services Group’s dividend payout ratio is presently 21.36%.

Insider Buying and Selling

In other news, CFO Beth Ann Costello sold 38,915 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.42, for a total transaction of $3,713,269.30. Following the completion of the sale, the chief financial officer now owns 69,169 shares in the company, valued at approximately $6,600,105.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other The Hartford Financial Services Group news, CFO Beth Ann Costello sold 38,915 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.42, for a total transaction of $3,713,269.30. Following the completion of the sale, the chief financial officer now directly owns 69,169 shares of the company’s stock, valued at $6,600,105.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Allison G. Niderno sold 1,516 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $94.55, for a total transaction of $143,337.80. Following the completion of the transaction, the senior vice president now owns 630 shares of the company’s stock, valued at $59,566.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 166,052 shares of company stock worth $16,346,296. Corporate insiders own 1.60% of the company’s stock.

About The Hartford Financial Services Group

(Free Report)

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.

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Institutional Ownership by Quarter for The Hartford Financial Services Group (NYSE:HIG)

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