Diversified Trust Co Sells 3,867 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Diversified Trust Co cut its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 29.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,142 shares of the insurance provider’s stock after selling 3,867 shares during the quarter. Diversified Trust Co’s holdings in The Hartford Financial Services Group were worth $942,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise lifted its position in The Hartford Financial Services Group by 378.8% in the first quarter. Banque Cantonale Vaudoise now owns 16,725 shares of the insurance provider’s stock worth $1,724,000 after buying an additional 13,232 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in shares of The Hartford Financial Services Group by 11.7% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 3,165 shares of the insurance provider’s stock worth $254,000 after purchasing an additional 331 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of The Hartford Financial Services Group during the fourth quarter worth $2,875,000. Stifel Financial Corp lifted its position in shares of The Hartford Financial Services Group by 14.2% during the fourth quarter. Stifel Financial Corp now owns 261,995 shares of the insurance provider’s stock worth $21,059,000 after purchasing an additional 32,534 shares during the last quarter. Finally, New Millennium Group LLC bought a new stake in shares of The Hartford Financial Services Group during the fourth quarter worth $1,552,000. 93.42% of the stock is currently owned by institutional investors.

The Hartford Financial Services Group Trading Down 0.6 %

The Hartford Financial Services Group stock opened at $99.89 on Tuesday. 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 Hartford Financial Services Group, Inc. has a 52 week low of $68.82 and a 52 week high of $105.20. The company has a market capitalization of $29.54 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 0.83 and a beta of 0.93. The stock has a 50-day moving average price of $100.65 and a 200 day moving average price of $94.63.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, April 25th. The insurance provider reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.09). The Hartford Financial Services Group had a return on equity of 20.64% and a net margin of 10.87%. The firm had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period last year, the firm earned $1.68 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that The Hartford Financial Services Group, Inc. will post 9.91 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HIG shares. Evercore ISI lifted their price objective on The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Roth Mkm lifted their price objective on The Hartford Financial Services Group from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. TD Cowen lifted their price objective on The Hartford Financial Services Group to $144.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Wells Fargo & Company decreased their price objective on The Hartford Financial Services Group from $117.00 to $111.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Finally, Morgan Stanley decreased their price objective on The Hartford Financial Services Group from $110.00 to $109.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $106.71.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, CFO Beth Ann Costello sold 72,076 shares of the business’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 transaction, the chief financial officer now directly owns 69,169 shares of the company’s stock, valued at $6,896,840.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Jonathan R. Bennett sold 18,335 shares of the company’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 of the company’s stock, valued at approximately $2,584,301.54. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Beth Ann Costello sold 72,076 shares of the company’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 transaction, the chief financial officer now directly owns 69,169 shares of the company’s stock, valued at $6,896,840.99. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

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.