Hartford Financial Services Group Inc (NYSE:HIG) Director Robert B. Allardice III sold 9,500 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $58.22, for a total value of $553,090.00. Following the completion of the sale, the director now owns 21,684 shares of the company’s stock, valued at $1,262,442.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hartford Financial Services Group stock traded up $0.93 during mid-day trading on Tuesday, hitting $58.90. The stock had a trading volume of 1,539,511 shares, compared to its average volume of 2,105,129. The firm’s 50-day moving average is $57.19. The firm has a market cap of $21.10 billion, a PE ratio of 13.60, a PEG ratio of 1.18 and a beta of 0.67. Hartford Financial Services Group Inc has a 12 month low of $40.54 and a 12 month high of $59.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.28 and a quick ratio of 0.28.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, August 1st. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.22. The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.07 billion. Hartford Financial Services Group had a return on equity of 12.44% and a net margin of 8.36%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.13 earnings per share. Research analysts forecast that Hartford Financial Services Group Inc will post 5.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, August 30th. Hartford Financial Services Group’s dividend payout ratio is 27.71%.

A number of institutional investors have recently bought and sold shares of the stock. Milestone Group Inc. lifted its holdings in shares of Hartford Financial Services Group by 0.7% during the 2nd quarter. Milestone Group Inc. now owns 26,353 shares of the insurance provider’s stock valued at $1,468,000 after purchasing an additional 176 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Hartford Financial Services Group by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the insurance provider’s stock valued at $945,000 after purchasing an additional 200 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Hartford Financial Services Group by 1.6% during the 2nd quarter. Moors & Cabot Inc. now owns 14,247 shares of the insurance provider’s stock valued at $798,000 after purchasing an additional 225 shares in the last quarter. Palladium Partners LLC lifted its holdings in shares of Hartford Financial Services Group by 1.3% during the 1st quarter. Palladium Partners LLC now owns 19,128 shares of the insurance provider’s stock valued at $951,000 after purchasing an additional 250 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of Hartford Financial Services Group by 1.8% during the 2nd quarter. Pinnacle Associates Ltd. now owns 14,015 shares of the insurance provider’s stock valued at $781,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 90.71% of the company’s stock.

A number of brokerages have recently weighed in on HIG. Royal Bank of Canada raised their target price on Hartford Financial Services Group to $68.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Morgan Stanley raised their target price on Hartford Financial Services Group from $53.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. UBS Group raised their target price on Hartford Financial Services Group from $61.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Wells Fargo & Co restated a “hold” rating and issued a $56.00 target price on shares of Hartford Financial Services Group in a research note on Thursday, May 2nd. Finally, B. Riley raised their target price on Hartford Financial Services Group from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $61.08.

About Hartford Financial Services Group

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

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Insider Buying and Selling by Quarter for Hartford Financial Services Group (NYSE:HIG)

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