The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP decreased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 73.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,633 shares of the insurance provider’s stock after selling 7,190 shares during the period. Stevens Capital Management LP’s holdings in The Hartford Financial Services Group were worth $212,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. raised its position in The Hartford Financial Services Group by 11.7% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 3,165 shares of the insurance provider’s stock valued at $254,000 after purchasing an additional 331 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in The Hartford Financial Services Group during the fourth quarter worth $2,875,000. New Millennium Group LLC purchased a new stake in The Hartford Financial Services Group during the fourth quarter worth $1,552,000. SteelPeak Wealth LLC purchased a new stake in shares of The Hartford Financial Services Group in the fourth quarter valued at $1,691,000. Finally, Cerity Partners LLC lifted its position in shares of The Hartford Financial Services Group by 19.8% in the fourth quarter. Cerity Partners LLC now owns 49,614 shares of the insurance provider’s stock valued at $4,003,000 after acquiring an additional 8,203 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Down 3.8 %

Shares of The Hartford Financial Services Group stock traded down $3.79 during trading hours on Friday, reaching $95.30. 2,889,576 shares of the company’s stock were exchanged, compared to its average volume of 1,813,499. The Hartford Financial Services Group, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $103.64. The stock has a market cap of $28.33 billion, a P/E ratio of 12.03, a P/E/G ratio of 1.41 and a beta of 0.89. The company has a 50 day moving average of $98.45 and a two-hundred day moving average of $86.07. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data 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 net margin of 10.21% and a return on equity of 19.82%. The firm had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.51 billion. During the same period last year, the business earned $1.68 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts forecast that The Hartford Financial Services Group, Inc. will post 10.13 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Monday, March 4th were issued a $0.47 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.97%. The Hartford Financial Services Group’s dividend payout ratio is presently 23.53%.

Insider Activity

In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 27,004 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $98.90, for a total value of $2,670,695.60. Following the sale, the executive vice president now directly owns 18,906 shares in the company, valued at approximately $1,869,803.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 27,004 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $98.90, for a total value of $2,670,695.60. Following the sale, the executive vice president now owns 18,906 shares of the company’s stock, valued at approximately $1,869,803.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Beth Ann Costello sold 38,915 shares of The Hartford Financial Services Group stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $95.42, for a total transaction of $3,713,269.30. Following the sale, the chief financial officer now directly owns 69,169 shares in the company, valued at approximately $6,600,105.98. The disclosure for this sale can be found here. Insiders sold 106,501 shares of company stock valued at $10,141,126 in the last three months. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

HIG has been the topic of several recent analyst reports. UBS Group increased their target price on The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. The Goldman Sachs Group increased their price target on The Hartford Financial Services Group from $92.00 to $105.00 and gave the company a “buy” rating in a report on Friday, April 12th. Evercore ISI increased 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 report on Thursday, April 11th. TD Cowen increased their target price on The Hartford Financial Services Group to $144.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Finally, Roth Mkm increased their target price on The Hartford Financial Services Group from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, The Hartford Financial Services Group currently has an average rating of “Moderate Buy” and a consensus price target of $105.81.

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.