The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC reduced its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,560 shares of the insurance provider’s stock after selling 315 shares during the period. The Hartford Financial Services Group makes up approximately 1.1% of Uncommon Cents Investing LLC’s investment portfolio, making the stock its 24th biggest holding. Uncommon Cents Investing LLC’s holdings in The Hartford Financial Services Group were worth $3,664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GoalVest Advisory LLC increased its holdings in 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 valued at $25,000 after buying an additional 251 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of The Hartford Financial Services Group during the fourth quarter worth about $26,000. CVA Family Office LLC purchased a new stake in shares of The Hartford Financial Services Group during the fourth quarter worth about $27,000. Chilton Capital Management LLC purchased a new stake in shares of The Hartford Financial Services Group during the fourth quarter worth about $28,000. Finally, Cape Investment Advisory Inc. increased its stake in shares of The Hartford Financial Services Group by 189.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 374 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 245 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 4,088 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $101.47, for a total transaction of $414,809.36. Following the transaction, the executive vice president now owns 14,818 shares in the company, valued at approximately $1,503,582.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 4,088 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $101.47, for a total transaction of $414,809.36. Following the transaction, the executive vice president now directly owns 14,818 shares of the company’s stock, valued at $1,503,582.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jonathan R. Bennett sold 18,335 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,584,301.54. The disclosure for this sale can be found here. Insiders sold 94,499 shares of company stock valued at $9,449,309 over the last 90 days. Insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Price Performance

HIG traded down $0.41 during trading on Thursday, hitting $99.62. 1,103,664 shares of the company traded hands, compared to its average volume of 1,377,208. 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 market cap of $29.46 billion, a PE ratio of 11.32, a P/E/G ratio of 0.83 and a beta of 0.93. The stock’s 50-day simple moving average is $100.65 and its two-hundred day simple moving average is $94.94. The Hartford Financial Services Group, Inc. has a 1 year low of $68.82 and a 1 year 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 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.09). The firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.51 billion. The Hartford Financial Services Group had a net margin of 10.87% and a return on equity of 20.64%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 earnings per share. As a group, sell-side analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Monday, June 3rd were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.88 annualized dividend and a dividend yield of 1.89%. The Hartford Financial Services Group’s payout ratio is presently 21.36%.

Analyst Ratings Changes

Several brokerages have recently commented on HIG. The Goldman Sachs Group upped their price objective on shares of The Hartford Financial Services Group from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Wells Fargo & Company dropped their target price on shares of The Hartford Financial Services Group from $117.00 to $111.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Keefe, Bruyette & Woods increased 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 research note on Wednesday, April 10th. Roth Mkm raised their target price on shares of The Hartford Financial Services Group from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 price objective on shares of The Hartford Financial Services Group in a research note on Friday, June 28th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.71.

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.