The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 5.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,232 shares of the insurance provider’s stock after purchasing an additional 158 shares during the quarter. Lindbrook Capital LLC’s holdings in The Hartford Financial Services Group were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. CWM LLC increased its holdings in The Hartford Financial Services Group by 7.5% in the third quarter. CWM LLC now owns 9,149 shares of the insurance provider’s stock valued at $649,000 after buying an additional 639 shares in the last quarter. AE Wealth Management LLC increased its holdings in The Hartford Financial Services Group by 113.2% in the third quarter. AE Wealth Management LLC now owns 6,826 shares of the insurance provider’s stock valued at $484,000 after buying an additional 3,625 shares in the last quarter. Global Retirement Partners LLC increased its holdings in The Hartford Financial Services Group by 39.5% in the third quarter. Global Retirement Partners LLC now owns 1,589 shares of the insurance provider’s stock valued at $112,000 after buying an additional 450 shares in the last quarter. HB Wealth Management LLC purchased a new position in The Hartford Financial Services Group in the third quarter valued at $235,000. Finally, Impact Partnership Wealth LLC raised its position in shares of The Hartford Financial Services Group by 8,692.9% during the 3rd quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the insurance provider’s stock worth $262,000 after purchasing an additional 3,651 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Performance

Shares of The Hartford Financial Services Group stock opened at $99.82 on Tuesday. The firm has a market cap of $29.68 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 1.40 and a beta of 0.89. The firm’s 50-day simple moving average is $97.97 and its 200-day simple moving average is $85.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.32 and a current ratio of 0.32. 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 issued its earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.31 EPS. Equities analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Monday, March 4th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, March 1st. The Hartford Financial Services Group’s dividend payout ratio is presently 23.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HIG shares. Wells Fargo & Company lifted 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 research note on Thursday, April 11th. JPMorgan Chase & Co. upped their target price on shares of The Hartford Financial Services Group from $91.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Raymond James reaffirmed an “outperform” rating and set a $120.00 price objective (up from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. Piper Sandler reaffirmed an “overweight” rating and set a $115.00 price objective on shares of The Hartford Financial Services Group in a report on Monday, April 1st. Finally, Keefe, Bruyette & Woods raised their price target on The Hartford Financial Services Group from $114.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.56.

Insider Activity at The Hartford Financial Services Group

In related news, SVP Allison G. Niderno sold 1,332 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $56,536.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other The Hartford Financial Services Group news, SVP Allison G. Niderno sold 1,332 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $89.74, for a total value of $119,533.68. Following the completion of the transaction, the senior vice president now owns 630 shares in the company, valued at approximately $56,536.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Christopher Swift sold 94,807 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $86.65, for a total transaction of $8,215,026.55. Following the completion of the transaction, the chief executive officer now owns 170,180 shares of the company’s stock, valued at approximately $14,746,097. The disclosure for this sale can be found here. Insiders sold a total of 201,308 shares of company stock valued at $18,356,153 in the last quarter. Insiders own 1.60% 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.