Livforsakringsbolaget Skandia Omsesidigt Boosts Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,639 shares of the insurance provider’s stock after acquiring an additional 525 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in The Hartford Financial Services Group were worth $1,900,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. GoalVest Advisory LLC lifted its holdings in shares of The Hartford Financial Services Group by 464.8% in the 4th quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider’s stock worth $25,000 after buying an additional 251 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of The Hartford Financial Services Group in the 4th quarter worth $26,000. CVA Family Office LLC purchased a new stake in shares of The Hartford Financial Services Group in the 4th quarter worth $27,000. Chilton Capital Management LLC purchased a new stake in shares of The Hartford Financial Services Group in the 4th quarter worth $28,000. Finally, Selway Asset Management purchased a new stake in shares of The Hartford Financial Services Group in the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Activity

In other news, EVP Michael R. Fisher sold 27,004 shares of the firm’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 transaction, the executive vice president now owns 18,906 shares in the company, valued at $1,869,803.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Christopher Swift sold 956 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $86.00, for a total value of $82,216.00. Following the completion of the sale, the chief executive officer now owns 170,180 shares of the company’s stock, valued at $14,635,480. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael R. Fisher sold 27,004 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $98.90, for a total value of $2,670,695.60. Following the completion of the sale, the executive vice president now directly owns 18,906 shares of the company’s stock, valued at approximately $1,869,803.40. The disclosure for this sale can be found here. Insiders have sold a total of 249,082 shares of company stock worth $22,404,321 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.

The Hartford Financial Services Group Stock Performance

Shares of HIG stock opened at $97.82 on Thursday. The company has a market capitalization of $29.08 billion, a P/E ratio of 11.99, a P/E/G ratio of 1.38 and a beta of 0.89. The business’s 50 day moving average is $97.49 and its two-hundred day moving average is $84.97. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29. The Hartford Financial Services Group, Inc. has a 12-month low of $67.05 and a 12-month high of $103.64.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.62. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $5.84 billion. The Hartford Financial Services Group had a return on equity of 19.82% and a net margin of 10.21%. The Hartford Financial Services Group’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 posted $2.31 earnings per share. Analysts expect that The Hartford Financial Services Group, Inc. will post 10.13 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 4th were given a $0.47 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.88 annualized dividend and a dividend yield of 1.92%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 23.53%.

Wall Street Analysts Forecast Growth

HIG has been the subject of several research reports. Keefe, Bruyette & Woods upped their target price on The Hartford Financial Services Group from $114.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Wells Fargo & Company upped their price objective on The Hartford Financial Services Group from $106.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Roth Mkm upped their price objective on The Hartford Financial Services Group from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Piper Sandler restated an “overweight” rating and set a $115.00 price objective on shares of The Hartford Financial Services Group in a research note on Monday, April 1st. Finally, Evercore ISI upped their price objective on The Hartford Financial Services Group from $96.00 to $104.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.56.

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.