The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Bought by Kathmere Capital Management LLC

Kathmere Capital Management LLC raised its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 15.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,277 shares of the insurance provider’s stock after acquiring an additional 849 shares during the quarter. Kathmere Capital Management LLC’s holdings in The Hartford Financial Services Group were worth $647,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. GoalVest Advisory LLC increased its stake in The Hartford Financial Services Group by 464.8% in the fourth quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 251 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in The Hartford Financial Services Group in the fourth quarter valued at $26,000. CVA Family Office LLC acquired a new position in The Hartford Financial Services Group in the fourth quarter valued at $27,000. Chilton Capital Management LLC acquired a new position in The Hartford Financial Services Group in the fourth quarter valued at $28,000. Finally, Cape Investment Advisory Inc. increased its stake in The Hartford Financial Services Group by 189.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 374 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 245 shares during the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on HIG shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 target price on shares of The Hartford Financial Services Group in a research note on Friday. JPMorgan Chase & Co. boosted their price target on The Hartford Financial Services Group from $91.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. The Goldman Sachs Group boosted their price target on The Hartford Financial Services Group from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Roth Mkm boosted their price target on The Hartford Financial Services Group from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Finally, Evercore ISI boosted their price target on The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.71.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, EVP Jonathan R. Bennett sold 18,335 shares of the 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 transaction, the executive vice president now owns 25,643 shares of the company’s stock, valued at approximately $2,584,301.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Jonathan R. Bennett sold 18,335 shares of the firm’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 value of $1,847,801.30. Following the sale, the executive vice president now owns 25,643 shares of the company’s stock, valued at approximately $2,584,301.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Beth Ann Costello sold 72,076 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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. 1.60% of the stock is currently owned by company insiders.

The Hartford Financial Services Group Price Performance

Shares of NYSE HIG opened at $100.54 on Friday. The Hartford Financial Services Group, Inc. has a fifty-two week low of $68.82 and a fifty-two week high of $105.20. The business has a 50 day moving average price of $100.65 and a two-hundred day moving average price of $94.53. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.29. The firm has a market cap of $29.74 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, April 25th. The insurance provider reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same quarter last year, the business earned $1.68 EPS. The Hartford Financial Services Group’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts expect that The Hartford Financial Services Group, Inc. will post 9.91 earnings per share for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders 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 yield of 1.87%. The ex-dividend date of this dividend is Monday, June 3rd. The Hartford Financial Services Group’s dividend payout ratio is presently 21.36%.

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.