The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC trimmed its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 15.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,221 shares of the insurance provider’s stock after selling 1,166 shares during the quarter. NTV Asset Management LLC’s holdings in The Hartford Financial Services Group were worth $500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HIG. Invesco Ltd. increased its stake in The Hartford Financial Services Group by 1.3% in the 3rd quarter. Invesco Ltd. now owns 7,421,268 shares of the insurance provider’s stock worth $526,242,000 after purchasing an additional 91,911 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of The Hartford Financial Services Group by 2.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,247,966 shares of the insurance provider’s stock worth $421,832,000 after acquiring an additional 105,799 shares in the last quarter. LSV Asset Management raised its holdings in shares of The Hartford Financial Services Group by 3.5% during the fourth quarter. LSV Asset Management now owns 4,821,885 shares of the insurance provider’s stock valued at $387,583,000 after acquiring an additional 165,190 shares during the period. Ameriprise Financial Inc. lifted its position in shares of The Hartford Financial Services Group by 2.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,503,815 shares of the insurance provider’s stock valued at $248,646,000 after acquiring an additional 87,001 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in The Hartford Financial Services Group by 2.7% in the 3rd quarter. Northern Trust Corp now owns 3,363,524 shares of the insurance provider’s stock worth $238,507,000 after purchasing an additional 88,131 shares during the period. 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 Robert W. Paiano sold 14,528 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $93.97, for a total value of $1,365,196.16. Following the sale, the executive vice president now owns 46,792 shares of the company’s stock, valued at approximately $4,397,044.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Robert W. Paiano sold 14,528 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $93.97, for a total transaction of $1,365,196.16. Following the completion of the transaction, the executive vice president now directly owns 46,792 shares in the company, valued at approximately $4,397,044.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael R. Fisher sold 27,004 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the transaction, the executive vice president now owns 18,906 shares in the company, valued at approximately $1,869,803.40. The disclosure for this sale can be found here. Insiders sold 106,501 shares of company stock worth $10,141,126 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on HIG. Roth Mkm boosted their target price on shares of The Hartford Financial Services Group from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Raymond James restated an “outperform” rating and set a $120.00 price objective (up from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. Evercore ISI upped their target price 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. Keefe, Bruyette & Woods raised their price target on shares of The Hartford Financial Services Group from $114.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, Royal Bank of Canada upped their price objective on shares of The Hartford Financial Services Group from $77.00 to $95.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $105.44.

The Hartford Financial Services Group Stock Up 0.4 %

Shares of NYSE HIG traded up $0.41 during mid-day trading on Friday, reaching $97.90. 1,358,945 shares of the company traded hands, compared to its average volume of 1,787,088. The company’s fifty day moving average is $98.81 and its two-hundred day moving average is $87.34. 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 company has a debt-to-equity ratio of 0.29, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $28.95 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results 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 net margin of 10.87% and a return on equity of 20.64%. The company 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 company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts expect that The Hartford Financial Services Group, Inc. will post 10.01 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Friday, March 1st. The Hartford Financial Services Group’s dividend payout ratio is 21.36%.

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.