The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Diversified Trust Co

Diversified Trust Co cut its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 29.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 9,142 shares of the insurance provider’s stock after selling 3,867 shares during the period. Diversified Trust Co’s holdings in The Hartford Financial Services Group were worth $942,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. GoalVest Advisory LLC raised its holdings in shares of 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 worth $25,000 after acquiring an additional 251 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of The Hartford Financial Services Group in the fourth quarter worth $26,000. CVA Family Office LLC acquired a new position in shares of The Hartford Financial Services Group in the fourth quarter worth $27,000. Chilton Capital Management LLC acquired a new position in shares of The Hartford Financial Services Group in the fourth quarter worth $28,000. Finally, Cape Investment Advisory Inc. raised its holdings in shares of 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 worth $30,000 after acquiring an additional 245 shares during the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Hartford Financial Services Group

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HIG shares. The Goldman Sachs Group increased their target price on The Hartford Financial Services Group from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Morgan Stanley decreased their target price on shares of The Hartford Financial Services Group from $110.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Citigroup cut shares of The Hartford Financial Services Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $116.00 to $114.00 in a research report on Friday. JPMorgan Chase & Co. raised 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 report on Monday, April 8th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $105.00 target price on shares of The Hartford Financial Services Group in a research report on Friday. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $106.71.

The Hartford Financial Services Group Stock Down 0.6 %

Shares of NYSE:HIG opened at $99.89 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $100.65 and a 200 day simple moving average of $94.63. The firm has a market cap of $29.54 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.83 and a beta of 0.93. The Hartford Financial Services Group, Inc. has a 12-month low of $68.82 and a 12-month high of $105.20.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, April 25th. The insurance provider reported $2.34 earnings per share (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 company had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter last year, the firm posted $1.68 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that The Hartford Financial Services Group, Inc. will post 9.91 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

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