Kowal Investment Group LLC acquired a new position in The Hartford Financial Services Group, Inc. (NYSE:HIG – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,424 shares of the insurance provider’s stock, valued at approximately $250,000.
A number of other institutional investors have also recently made changes to their positions in HIG. LPL Financial LLC lifted its position in The Hartford Financial Services Group by 6.8% during the 3rd quarter. LPL Financial LLC now owns 107,297 shares of the insurance provider’s stock worth $7,608,000 after acquiring an additional 6,840 shares during the period. Trexquant Investment LP acquired a new stake in The Hartford Financial Services Group during the 3rd quarter worth about $2,722,000. Tower Research Capital LLC TRC lifted its position in The Hartford Financial Services Group by 117.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 24,875 shares of the insurance provider’s stock worth $1,764,000 after acquiring an additional 13,461 shares during the period. Gotham Asset Management LLC lifted its position in The Hartford Financial Services Group by 4.0% during the 3rd quarter. Gotham Asset Management LLC now owns 60,879 shares of the insurance provider’s stock worth $4,317,000 after acquiring an additional 2,348 shares during the period. Finally, AQR Capital Management LLC lifted its position in The Hartford Financial Services Group by 23.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,179,682 shares of the insurance provider’s stock worth $83,651,000 after acquiring an additional 224,979 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.
Insider Transactions at The Hartford Financial Services Group
In other 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 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related 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 value of $1,847,801.30. Following the transaction, the executive vice president now directly owns 25,643 shares in the company, valued at $2,584,301.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Beth Ann Costello sold 72,076 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were 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 owns 69,169 shares in the company, valued at $6,896,840.99. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on HIG
The Hartford Financial Services Group Price Performance
Shares of The Hartford Financial Services Group stock opened at $99.89 on Tuesday. The Hartford Financial Services Group, Inc. has a twelve month low of $68.82 and a twelve month high of $105.20. The business has a 50-day moving average price of $100.65 and a 200 day moving average price of $94.63. 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 $29.54 billion, a PE ratio of 11.35, a P/E/G ratio of 0.83 and a beta of 0.93.
The Hartford Financial Services Group (NYSE:HIG – Get Free Report) last posted 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 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 analysts’ expectations of $6.51 billion. During the same quarter last year, the firm posted $1.68 earnings per share. The Hartford Financial Services Group’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts predict 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 business also recently announced 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 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, June 3rd. The Hartford Financial Services Group’s dividend payout ratio is currently 21.36%.
About The Hartford Financial Services Group
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.
Featured Stories
- Five stocks we like better than The Hartford Financial Services Group
- Learn Technical Analysis Skills to Master the Stock Market
- AI Boosts 3 Renewable Stocks: First Solar, Enphase, Nextracker
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- 3 Homebuilder Stocks on Edge: Will the Sector Hold Its Ground?
- High Flyers: 3 Natural Gas Stocks for March 2022
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
Receive News & Ratings for The Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.