Capital Fund Management S.A. Sells 15,621 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Capital Fund Management S.A. reduced its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIGGet Rating) by 26.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,406 shares of the insurance provider’s stock after selling 15,621 shares during the period. Capital Fund Management S.A.’s holdings in The Hartford Financial Services Group were worth $3,117,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in shares of The Hartford Financial Services Group by 5.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,750 shares of the insurance provider’s stock valued at $189,000 after purchasing an additional 152 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in The Hartford Financial Services Group by 2.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 6,725 shares of the insurance provider’s stock worth $483,000 after acquiring an additional 162 shares during the period. Fieldpoint Private Securities LLC lifted its stake in The Hartford Financial Services Group by 2.6% in the first quarter. Fieldpoint Private Securities LLC now owns 6,502 shares of the insurance provider’s stock worth $467,000 after acquiring an additional 165 shares during the period. Gamble Jones Investment Counsel lifted its stake in The Hartford Financial Services Group by 5.7% in the fourth quarter. Gamble Jones Investment Counsel now owns 3,170 shares of the insurance provider’s stock worth $219,000 after acquiring an additional 170 shares during the period. Finally, Spire Wealth Management lifted its stake in The Hartford Financial Services Group by 5.5% in the first quarter. Spire Wealth Management now owns 3,303 shares of the insurance provider’s stock worth $237,000 after acquiring an additional 173 shares during the period. 90.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HIG shares. Royal Bank of Canada dropped their price target on The Hartford Financial Services Group from $77.00 to $71.00 and set a “sector perform” rating for the company in a research note on Monday, August 1st. Credit Suisse Group raised their price objective on The Hartford Financial Services Group from $93.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, June 3rd. Morgan Stanley raised their price objective on The Hartford Financial Services Group from $73.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, August 19th. Jefferies Financial Group lowered their price objective on The Hartford Financial Services Group from $77.00 to $72.00 and set a “hold” rating for the company in a research report on Tuesday, July 12th. Finally, Citigroup started coverage on The Hartford Financial Services Group in a research report on Monday, May 23rd. They set a “buy” rating and a $81.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.20.

The Hartford Financial Services Group Trading Down 0.5 %

The Hartford Financial Services Group stock opened at $64.31 on Thursday. The business has a 50-day simple moving average of $65.36 and a two-hundred day simple moving average of $68.61. The company has a market cap of $20.78 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.30 and a beta of 0.92. The Hartford Financial Services Group, Inc. has a 52-week low of $61.59 and a 52-week high of $78.17. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

The Hartford Financial Services Group (NYSE:HIGGet Rating) last released its quarterly earnings results on Thursday, July 28th. The insurance provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.63. The Hartford Financial Services Group had a return on equity of 15.03% and a net margin of 9.42%. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $5.53 billion. During the same period in the previous year, the company posted $2.33 EPS. Analysts predict that The Hartford Financial Services Group, Inc. will post 7.21 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Thursday, September 1st will be issued a $0.385 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $1.54 dividend on an annualized basis and a yield of 2.39%. The Hartford Financial Services Group’s dividend payout ratio is presently 25.33%.

Insider Buying and Selling

In related news, SVP Scott R. Lewis sold 2,558 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $65.04, for a total value of $166,372.32. Following the transaction, the senior vice president now directly owns 18,396 shares of the company’s stock, valued at approximately $1,196,475.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

About The Hartford Financial Services Group

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