Hillsdale Investment Management Inc. Has $544,000 Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Hillsdale Investment Management Inc. lessened its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 10.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,280 shares of the insurance provider’s stock after selling 600 shares during the period. Hillsdale Investment Management Inc.’s holdings in The Hartford Financial Services Group were worth $544,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HIG. Turtle Creek Wealth Advisors LLC acquired a new stake in The Hartford Financial Services Group during the 4th quarter worth $26,000. CVA Family Office LLC acquired a new stake in The Hartford Financial Services Group during the 4th quarter worth $27,000. Chilton Capital Management LLC acquired a new stake in The Hartford Financial Services Group during the 4th quarter worth $28,000. Cape Investment Advisory Inc. grew its holdings in The Hartford Financial Services Group by 189.9% during the 4th 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 period. Finally, First United Bank & Trust bought a new position in shares of The Hartford Financial Services Group during the fourth quarter worth $31,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HIG shares. Bank of America reduced their price target on shares of The Hartford Financial Services Group from $113.00 to $111.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Roth Mkm lifted their price target on shares of The Hartford Financial Services Group from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Morgan Stanley reduced their price target on shares of The Hartford Financial Services Group from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 price objective on shares of The Hartford Financial Services Group in a research report on Friday, June 28th. Finally, Argus boosted their price objective on shares of The Hartford Financial Services Group from $104.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, The Hartford Financial Services Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.50.

The Hartford Financial Services Group Stock Performance

NYSE HIG traded down $0.29 during trading on Tuesday, reaching $101.79. The company’s stock had a trading volume of 155,142 shares, compared to its average volume of 1,658,165. 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 firm has a market capitalization of $30.11 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 0.84 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 $106.93. The firm has a 50 day moving average price of $101.38 and a 200 day moving average price of $96.98.

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 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 firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same period last year, the company posted $1.68 EPS. The business’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that The Hartford Financial Services Group, Inc. will post 9.83 EPS for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, September 3rd. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 21.36%.

Insider Transactions at The Hartford Financial Services Group

In other news, 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 transaction of $7,186,697.96. Following the completion of the sale, the chief financial officer now owns 69,169 shares of the company’s stock, valued at approximately $6,896,840.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Jonathan R. Bennett sold 18,335 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $100.78, for a total value of $1,847,801.30. Following the completion of the transaction, the executive vice president now owns 25,643 shares of the company’s stock, valued at approximately $2,584,301.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Beth Ann Costello sold 72,076 shares of the stock in a transaction that occurred 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 directly owns 69,169 shares of the company’s stock, valued at approximately $6,896,840.99. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,499 shares of company stock valued at $9,449,309. Company insiders own 1.60% of the company’s stock.

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.