Wellington Management Group LLP Has $2.33 Million Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Wellington Management Group LLP raised its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 71.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,866 shares of the insurance provider’s stock after purchasing an additional 13,663 shares during the quarter. Wellington Management Group LLP’s holdings in The Hartford Financial Services Group were worth $2,331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake in The Hartford Financial Services Group by 4.8% in the second quarter. BlackRock Inc. now owns 25,923,428 shares of the insurance provider’s stock valued at $1,867,005,000 after buying an additional 1,183,946 shares in the last quarter. Invesco Ltd. grew its holdings in shares of The Hartford Financial Services Group by 1.3% during the 3rd quarter. Invesco Ltd. now owns 7,421,268 shares of the insurance provider’s stock valued at $526,242,000 after purchasing an additional 91,911 shares during the last quarter. Geode Capital Management LLC increased its position in The Hartford Financial Services Group by 1.2% during the 1st quarter. Geode Capital Management LLC now owns 6,532,858 shares of the insurance provider’s stock worth $454,234,000 after purchasing an additional 74,997 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in The Hartford Financial Services Group by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,612,529 shares of the insurance provider’s stock valued at $403,036,000 after purchasing an additional 307,231 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in The Hartford Financial Services Group by 26.7% in the 3rd quarter. Victory Capital Management Inc. now owns 5,142,167 shares of the insurance provider’s stock valued at $364,631,000 after purchasing an additional 1,083,420 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling at The Hartford Financial Services Group

In other news, CEO Christopher Swift sold 3,337 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $83.00, for a total transaction of $276,971.00. Following the completion of the transaction, the chief executive officer now owns 170,180 shares in the company, valued at approximately $14,124,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 8,206 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $95.60, for a total transaction of $784,493.60. Following the sale, the executive vice president now owns 25,820 shares of the company’s stock, valued at approximately $2,468,392. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher Swift sold 3,337 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $83.00, for a total value of $276,971.00. Following the completion of the transaction, the chief executive officer now directly owns 170,180 shares of the company’s stock, valued at $14,124,940. The disclosure for this sale can be found here. Insiders have sold a total of 259,342 shares of company stock worth $23,256,523 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HIG shares. Keefe, Bruyette & Woods boosted their target price on shares of The Hartford Financial Services Group from $108.00 to $114.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Roth Mkm increased their target price on The Hartford Financial Services Group from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. lowered The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and cut their price target for the company from $94.00 to $91.00 in a research note on Monday, January 8th. TD Cowen assumed coverage on The Hartford Financial Services Group in a research note on Wednesday, January 10th. They issued an “outperform” rating for the company. Finally, Raymond James lifted their target price on shares of The Hartford Financial Services Group from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $92.06.

The Hartford Financial Services Group Stock Up 1.4 %

Shares of NYSE:HIG opened at $102.32 on Thursday. The Hartford Financial Services Group, Inc. has a 1 year low of $66.56 and a 1 year high of $102.53. The company has a market capitalization of $30.42 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.45 and a beta of 0.88. The business has a fifty day moving average price of $93.17 and a two-hundred day moving average price of $81.92. 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 (NYSE:HIG) last posted 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 company had revenue of $6.40 billion during the quarter, compared to analyst estimates of $5.84 billion. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.31 earnings per share. Analysts forecast that The Hartford Financial Services Group, Inc. will post 9.94 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Friday, March 1st. The Hartford Financial Services Group’s dividend payout ratio is currently 23.53%.

The Hartford Financial Services Group Profile

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.