Hartford Financial Services Group Inc (NYSE:HIG) EVP Brion S. Johnson Sells 3,316 Shares of Stock

Hartford Financial Services Group Inc (NYSE:HIG) EVP Brion S. Johnson sold 3,316 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $60.06, for a total value of $199,158.96. Following the completion of the sale, the executive vice president now directly owns 36,863 shares of the company’s stock, valued at $2,213,991.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Hartford Financial Services Group stock traded up $0.33 during trading hours on Thursday, hitting $61.15. 210,129 shares of the company’s stock traded hands, compared to its average volume of 1,618,766. Hartford Financial Services Group Inc has a 12-month low of $40.54 and a 12-month high of $60.83. The stock has a market capitalization of $21.71 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.21 and a beta of 0.64. The company has a fifty day simple moving average of $58.73 and a 200-day simple moving average of $54.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.28 and a quick ratio of 0.28.

Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Thursday, August 1st. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.22. Hartford Financial Services Group had a return on equity of 12.44% and a net margin of 8.36%. The firm had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the firm posted $1.13 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. On average, analysts forecast that Hartford Financial Services Group Inc will post 5.24 EPS for the current fiscal year.



The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.20 annualized dividend and a dividend yield of 1.96%. Hartford Financial Services Group’s payout ratio is 27.71%.

A number of equities research analysts recently commented on HIG shares. UBS Group increased their price target on Hartford Financial Services Group from $61.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Goldman Sachs Group raised Hartford Financial Services Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $53.00 to $64.00 in a research report on Wednesday, May 29th. Royal Bank of Canada increased their price target on Hartford Financial Services Group to $68.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. ValuEngine lowered Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Finally, B. Riley raised their target price on Hartford Financial Services Group from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $62.08.

Several hedge funds have recently bought and sold shares of the company. Virtus ETF Advisers LLC bought a new position in Hartford Financial Services Group in the 2nd quarter worth about $26,000. NuWave Investment Management LLC boosted its stake in Hartford Financial Services Group by 950.0% in the 2nd quarter. NuWave Investment Management LLC now owns 504 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 456 shares during the period. Rational Advisors LLC boosted its stake in Hartford Financial Services Group by 950.0% in the 2nd quarter. Rational Advisors LLC now owns 504 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 456 shares during the period. Icon Wealth Partners LLC bought a new position in Hartford Financial Services Group in the 1st quarter worth about $33,000. Finally, Prestige Wealth Management Group LLC bought a new position in Hartford Financial Services Group in the 2nd quarter worth about $39,000. Institutional investors own 91.43% of the company’s stock.

Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.

Further Reading: Oversold

Insider Buying and Selling by Quarter for Hartford Financial Services Group (NYSE:HIG)

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