Kapitalo Investimentos Ltda Sells 253 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Kapitalo Investimentos Ltda lessened its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 19.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,043 shares of the insurance provider’s stock after selling 253 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in The Hartford Financial Services Group were worth $84,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. MV Capital Management Inc. lifted its holdings in The Hartford Financial Services Group by 8.9% during the 4th quarter. MV Capital Management Inc. now owns 1,416 shares of the insurance provider’s stock worth $114,000 after buying an additional 116 shares during the period. Realta Investment Advisors boosted its holdings in The Hartford Financial Services Group by 3.7% in the fourth quarter. Realta Investment Advisors now owns 3,635 shares of the insurance provider’s stock valued at $292,000 after acquiring an additional 129 shares during the last quarter. Perigon Wealth Management LLC increased its position in The Hartford Financial Services Group by 4.7% during the 4th quarter. Perigon Wealth Management LLC now owns 3,204 shares of the insurance provider’s stock valued at $258,000 after purchasing an additional 143 shares during the period. Quadrant Capital Group LLC raised its holdings in The Hartford Financial Services Group by 4.5% during the 4th quarter. Quadrant Capital Group LLC now owns 3,505 shares of the insurance provider’s stock worth $282,000 after purchasing an additional 151 shares during the last quarter. Finally, CI Investments Inc. lifted its position in shares of The Hartford Financial Services Group by 2.9% in the 3rd quarter. CI Investments Inc. now owns 5,473 shares of the insurance provider’s stock worth $388,000 after purchasing an additional 153 shares during the period. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Financial Services Group Price Performance

Shares of NYSE HIG opened at $102.51 on Thursday. 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 company has a 50 day simple moving average of $99.89 and a two-hundred day simple moving average of $93.35. The Hartford Financial Services Group, Inc. has a fifty-two week low of $68.82 and a fifty-two week high of $103.64. The company has a market capitalization of $30.32 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 0.83 and a beta of 0.93.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, April 25th. The insurance provider reported $2.34 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.09). The firm had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.51 billion. The Hartford Financial Services Group had a net margin of 10.87% and a return on equity of 20.64%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.68 earnings per share. Analysts expect that The Hartford Financial Services Group, Inc. will post 9.94 EPS for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Monday, June 3rd. The Hartford Financial Services Group’s payout ratio is presently 21.36%.

Insider Transactions at The Hartford Financial Services Group

In other news, CFO Beth Ann Costello sold 72,076 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $99.71, for a total value of $7,186,697.96. Following the transaction, the chief financial officer now directly owns 69,169 shares in the company, valued at approximately $6,896,840.99. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Jonathan R. Bennett sold 18,335 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $100.78, for a total transaction of $1,847,801.30. Following the completion of the transaction, the executive vice president now directly owns 25,643 shares in the company, valued at approximately $2,584,301.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Beth Ann Costello sold 72,076 shares of The Hartford Financial Services Group stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $99.71, for a total transaction of $7,186,697.96. Following the transaction, the chief financial officer now directly owns 69,169 shares in the company, valued at approximately $6,896,840.99. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Argus boosted their target price 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. Wells Fargo & Company decreased their target price on The Hartford Financial Services Group from $117.00 to $111.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Piper Sandler reissued an “overweight” rating and issued a $115.00 price target on shares of The Hartford Financial Services Group in a research note on Monday, April 1st. Morgan Stanley cut their price target on The Hartford Financial Services Group from $110.00 to $109.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, Citigroup lifted their price objective on shares of 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. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and a consensus price target of $106.24.

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.