Hartford Financial Services Group Inc (NYSE:HIG) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in Hartford Financial Services Group Inc (NYSE:HIG) by 2.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,011 shares of the insurance provider’s stock after selling 1,222 shares during the period. Crossmark Global Holdings Inc.’s holdings in Hartford Financial Services Group were worth $2,728,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HIG. First Trust Advisors LP lifted its stake in Hartford Financial Services Group by 4.8% in the first quarter. First Trust Advisors LP now owns 700,620 shares of the insurance provider’s stock worth $34,835,000 after purchasing an additional 32,087 shares during the last quarter. Advisor Group Inc. lifted its stake in Hartford Financial Services Group by 9.2% in the first quarter. Advisor Group Inc. now owns 17,451 shares of the insurance provider’s stock worth $868,000 after purchasing an additional 1,465 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Hartford Financial Services Group by 16.7% in the first quarter. Rockefeller Capital Management L.P. now owns 2,825 shares of the insurance provider’s stock worth $141,000 after purchasing an additional 404 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Hartford Financial Services Group by 1.1% in the first quarter. Principal Financial Group Inc. now owns 551,596 shares of the insurance provider’s stock worth $27,426,000 after purchasing an additional 6,221 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Hartford Financial Services Group by 8.2% in the first quarter. The Manufacturers Life Insurance Company now owns 385,373 shares of the insurance provider’s stock worth $19,161,000 after purchasing an additional 29,323 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

Several analysts have issued reports on the stock. B. Riley raised their price objective on shares of Hartford Financial Services Group from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Morgan Stanley raised their price objective on shares of Hartford Financial Services Group from $58.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 15th. Buckingham Research raised their price objective on shares of Hartford Financial Services Group from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Royal Bank of Canada raised their price objective on shares of Hartford Financial Services Group to $68.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, ValuEngine downgraded shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $62.36.



In other news, EVP Brion S. Johnson sold 3,299 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $60.79, for a total transaction of $200,546.21. Following the transaction, the executive vice president now directly owns 23,649 shares of the company’s stock, valued at $1,437,622.71. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Beth Ann Costello sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $57.19, for a total transaction of $285,950.00. Following the transaction, the chief financial officer now directly owns 51,245 shares in the company, valued at $2,930,701.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,142 shares of company stock worth $4,235,058. Corporate insiders own 1.70% of the company’s stock.

Shares of NYSE:HIG opened at $58.64 on Friday. The firm has a market cap of $21.20 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 1.15 and a beta of 0.64. The firm’s 50 day simple moving average is $59.48 and its 200-day simple moving average is $55.60. Hartford Financial Services Group Inc has a one year low of $40.54 and a one year high of $61.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.28 and a current ratio of 0.28.

Hartford Financial Services Group (NYSE:HIG) last issued its earnings results on Thursday, August 1st. The insurance provider reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.22. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.07 billion. Hartford Financial Services Group had a net margin of 8.36% and a return on equity of 12.44%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $1.13 earnings per share. Equities research analysts predict that Hartford Financial Services Group Inc will post 5.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, August 30th. Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 27.71%.

About Hartford Financial Services Group

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.

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Institutional Ownership by Quarter for Hartford Financial Services Group (NYSE:HIG)

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