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

Oak Thistle LLC reduced its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 39.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HIG. GoalVest Advisory LLC grew its holdings in shares of The Hartford Financial Services Group by 464.8% during the fourth quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 251 shares during the last quarter. CVA Family Office LLC bought a new stake in The Hartford Financial Services Group in the fourth quarter valued at approximately $27,000. Chilton Capital Management LLC bought a new stake in The Hartford Financial Services Group in the fourth quarter valued at approximately $28,000. Selway Asset Management bought a new stake in The Hartford Financial Services Group in the third quarter valued at approximately $29,000. Finally, Quarry LP bought a new stake in The Hartford Financial Services Group in the first quarter valued at approximately $31,000. 93.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on HIG. UBS Group upped their target price on The Hartford Financial Services Group from $100.00 to $107.00 and gave the company a “buy” rating in a report on Monday, February 5th. JPMorgan Chase & Co. cut The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $94.00 to $91.00 in a report on Monday, January 8th. Roth Mkm upped their target price on The Hartford Financial Services Group from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods increased their price target on The Hartford Financial Services Group from $108.00 to $114.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Finally, TD Cowen initiated coverage on The Hartford Financial Services Group in a report on Wednesday, January 10th. They set an “outperform” rating on the stock. Seven investment 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, The Hartford Financial Services Group has an average rating of “Moderate Buy” and a consensus price target of $93.93.

Check Out Our Latest Stock Report on HIG

The Hartford Financial Services Group Price Performance

Shares of NYSE:HIG opened at $101.86 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.29. The Hartford Financial Services Group, Inc. has a twelve month low of $67.01 and a twelve month high of $103.27. The stock’s 50 day moving average is $94.66 and its 200-day moving average is $82.78. The firm has a market capitalization 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 Hartford Financial Services Group (NYSE:HIGGet Free Report) last issued its earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share for the quarter, topping 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 company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same period in the prior year, the firm earned $2.31 earnings per share. The Hartford Financial Services Group’s revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts forecast 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. Investors of record on Monday, March 4th were given 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 Robert W. Paiano sold 14,528 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $93.97, for a total value of $1,365,196.16. Following the completion of the sale, the executive vice president now directly owns 46,792 shares of the company’s stock, valued at approximately $4,397,044.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 27,004 shares of the company’s 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 completion of the transaction, the executive vice president now owns 18,906 shares in the company, valued at approximately $1,869,803.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert W. Paiano sold 14,528 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $93.97, for a total value of $1,365,196.16. Following the completion of the transaction, the executive vice president now owns 46,792 shares of the company’s stock, valued at approximately $4,397,044.24. The disclosure for this sale can be found here. In the last three months, insiders sold 259,342 shares of company stock valued at $23,256,523. 2.00% of the stock is owned by insiders.

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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