The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. grew its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 16.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,400 shares of the insurance provider’s stock after purchasing an additional 1,200 shares during the period. Intact Investment Management Inc.’s holdings in The Hartford Financial Services Group were worth $675,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. boosted its holdings in shares of The Hartford Financial Services Group by 11.7% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 3,165 shares of the insurance provider’s stock valued at $254,000 after acquiring an additional 331 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in The Hartford Financial Services Group during the 4th quarter valued at $2,875,000. New Millennium Group LLC acquired a new position in The Hartford Financial Services Group during the 4th quarter worth $1,552,000. SteelPeak Wealth LLC acquired a new position in shares of The Hartford Financial Services Group in the 4th quarter worth approximately $1,691,000. Finally, Cerity Partners LLC lifted its stake in The Hartford Financial Services Group by 19.8% during the fourth quarter. Cerity Partners LLC now owns 49,614 shares of the insurance provider’s stock valued at $4,003,000 after purchasing an additional 8,203 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HIG shares. Evercore ISI lifted their target price on The Hartford Financial Services Group from $96.00 to $104.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Wells Fargo & Company lifted their price target on The Hartford Financial Services Group from $106.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. The Goldman Sachs Group raised their price objective on shares of The Hartford Financial Services Group from $92.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Morgan Stanley decreased their target price on shares of The Hartford Financial Services Group from $110.00 to $109.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Citigroup boosted their price target on The Hartford Financial Services Group from $109.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and an average price target of $105.81.

The Hartford Financial Services Group Stock Performance

Shares of NYSE HIG opened at $95.30 on Monday. The stock has a market cap of $28.19 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a fifty day moving average price of $98.50 and a 200-day moving average price of $86.45. The Hartford Financial Services Group, Inc. has a 1 year low of $67.05 and a 1 year high of $103.64.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, April 25th. The insurance provider reported $2.34 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.09). The business had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.51 billion. The Hartford Financial Services Group had a net margin of 10.87% and a return on equity of 20.64%. The Hartford Financial Services Group’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Equities analysts anticipate that The Hartford Financial Services Group, Inc. will post 10.11 earnings per share 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. The ex-dividend date was Friday, March 1st. This represents a $1.88 dividend on an annualized basis and a yield of 1.97%. The Hartford Financial Services Group’s dividend payout ratio is presently 21.36%.

Insider Buying and Selling at The Hartford Financial Services Group

In related news, CFO Beth Ann Costello sold 38,915 shares of The Hartford Financial Services Group stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.42, for a total value of $3,713,269.30. Following the completion of the sale, the chief financial officer now directly owns 69,169 shares in the company, valued at $6,600,105.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Hartford Financial Services Group news, EVP David C. Robinson sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $89.64, for a total transaction of $1,344,600.00. Following the sale, the executive vice president now owns 8,201 shares of the company’s stock, valued at approximately $735,137.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Beth Ann Costello sold 38,915 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.42, for a total transaction of $3,713,269.30. Following the completion of the transaction, the chief financial officer now directly owns 69,169 shares of the company’s stock, valued at approximately $6,600,105.98. The disclosure for this sale can be found here. Insiders sold a total of 106,501 shares of company stock valued at $10,141,126 in the last three months. Company insiders own 1.60% of the company’s stock.

About The Hartford Financial Services Group

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.