Oak Thistle LLC Sells 5,233 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Oak Thistle LLC decreased its position in The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 39.5% during the fourth quarter, Holdings Channel reports. The fund owned 8,009 shares of the insurance provider’s stock after selling 5,233 shares during the period. Oak Thistle LLC’s holdings in The Hartford Financial Services Group were worth $644,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Guidance Capital Inc. bought a new position in The Hartford Financial Services Group in the second quarter valued at about $514,000. McGlone Suttner Wealth Management Inc. lifted its holdings in The Hartford Financial Services Group by 11.7% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 3,165 shares of the insurance provider’s stock valued at $254,000 after acquiring an additional 331 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in The Hartford Financial Services Group in the fourth quarter valued at about $2,875,000. New Millennium Group LLC bought a new position in The Hartford Financial Services Group in the fourth quarter valued at about $1,552,000. Finally, Teza Capital Management LLC purchased a new stake in The Hartford Financial Services Group in the third quarter worth about $2,087,000. Institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Performance

NYSE HIG opened at $101.86 on Wednesday. The stock has a market capitalization of $30.28 billion, a PE ratio of 12.75, a P/E/G ratio of 1.47 and a beta of 0.89. The business has a 50 day simple moving average of $94.66 and a two-hundred day simple moving average of $82.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.32 and a quick ratio of 0.32. The Hartford Financial Services Group, Inc. has a 1-year low of $67.01 and a 1-year high of $103.27.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last released its quarterly earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.62. The Hartford Financial Services Group had a return on equity of 19.82% and a net margin of 10.21%. The business had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $5.84 billion. During the same quarter last year, the business posted $2.31 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, research analysts predict that The Hartford Financial Services Group, Inc. will post 9.95 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 4th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Friday, March 1st. The Hartford Financial Services Group’s payout ratio is presently 23.53%.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Michael R. Fisher sold 27,004 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $98.90, for a total value of $2,670,695.60. Following the transaction, the executive vice president now directly owns 18,906 shares in the company, valued at $1,869,803.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 27,004 shares of the stock in a transaction dated Wednesday, March 13th. The shares were 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 directly owns 18,906 shares in the company, valued at approximately $1,869,803.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Allison G. Niderno sold 1,516 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $94.55, for a total transaction of $143,337.80. Following the transaction, the senior vice president now owns 630 shares in the company, valued at $59,566.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 259,342 shares of company stock worth $23,256,523. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HIG. Roth Mkm upped their price target on The Hartford Financial Services Group from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. cut The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $94.00 to $91.00 in a research report on Monday, January 8th. Piper Sandler restated an “overweight” rating and issued a $115.00 price target on shares of The Hartford Financial Services Group in a research report on Monday. TD Cowen began coverage on The Hartford Financial Services Group in a research report on Wednesday, January 10th. They issued an “outperform” rating for the company. Finally, Raymond James restated an “outperform” rating and issued a $120.00 price target (up previously from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and an average price target of $93.93.

Check Out Our Latest Stock Report on The Hartford Financial Services Group

About The Hartford Financial Services Group

(Free Report)

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.

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

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