The Hartford Financial Services Group (NYSE:HIG) Sets New 12-Month High at $103.98

The Hartford Financial Services Group, Inc. (NYSE:HIGGet Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $103.98 and last traded at $103.98, with a volume of 451 shares changing hands. The stock had previously closed at $103.05.

Analyst Ratings Changes

HIG has been the subject of several analyst reports. Raymond James reaffirmed an “outperform” rating and set a $120.00 price objective (up from $100.00) on shares of The Hartford Financial Services Group in a research note on Monday. UBS Group boosted their target price on The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. cut The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $94.00 to $91.00 in a research report on Monday, January 8th. Roth Mkm boosted their target price 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. Finally, TD Cowen started coverage on The Hartford Financial Services Group in a research report on Wednesday, January 10th. They set an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $93.93.

View Our Latest Report on HIG

The Hartford Financial Services Group Trading Down 0.6 %

The firm has a market cap of $30.28 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.47 and a beta of 0.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.32 and a current ratio of 0.32. The business has a fifty day moving average of $94.66 and a two-hundred day moving average of $82.78.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last posted its earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same quarter in the prior year, the company earned $2.31 EPS. The Hartford Financial Services Group’s revenue was up 6.4% on a year-over-year basis. As a group, equities analysts expect that The Hartford Financial Services Group, Inc. will post 9.95 earnings per share for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

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

Insider Activity at The Hartford Financial Services Group

In related news, EVP Michael R. Fisher sold 27,004 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total value of $2,670,695.60. Following the sale, the executive vice president now owns 18,906 shares of the company’s stock, valued at approximately $1,869,803.40. The transaction was disclosed in a filing with the SEC, which is available through this link. In other The Hartford Financial Services Group news, SVP Allison G. Niderno sold 1,516 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $59,566.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael R. Fisher sold 27,004 shares of the stock in a transaction on Wednesday, March 13th. The stock was 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 approximately $1,869,803.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 259,342 shares of company stock valued at $23,256,523. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. General Partner Inc. purchased a new position in shares of The Hartford Financial Services Group during the 1st quarter worth $59,000. Nomura Holdings Inc. purchased a new position in shares of The Hartford Financial Services Group in the 4th quarter worth $486,000. HighPoint Advisor Group LLC purchased a new position in shares of The Hartford Financial Services Group in the 4th quarter worth $215,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of The Hartford Financial Services Group by 524.7% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 83,000 shares of the insurance provider’s stock worth $6,672,000 after buying an additional 69,713 shares during the period. Finally, Richardson Financial Services Inc. purchased a new position in shares of The Hartford Financial Services Group in the 4th quarter worth $177,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

About The Hartford Financial Services Group

(Get 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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