Hartford Financial Services Group Inc (NYSE:HIG) Insider Sells $212,792.40 in Stock

Hartford Financial Services Group Inc (NYSE:HIG) insider Martha Gervasi sold 3,672 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $57.95, for a total transaction of $212,792.40. Following the completion of the sale, the insider now owns 18,882 shares in the company, valued at $1,094,211.90. The transaction was disclosed in a filing with the SEC, which is available through this link.

Martha Gervasi also recently made the following trade(s):

  • On Monday, June 17th, Martha Gervasi sold 3,672 shares of Hartford Financial Services Group stock. The stock was sold at an average price of $55.04, for a total transaction of $202,106.88.
  • On Tuesday, May 14th, Martha Gervasi sold 5,039 shares of Hartford Financial Services Group stock. The stock was sold at an average price of $52.87, for a total transaction of $266,411.93.

Hartford Financial Services Group stock opened at $57.11 on Monday. The firm’s fifty day moving average is $55.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $20.65 billion, a PE ratio of 13.19, a P/E/G ratio of 1.19 and a beta of 0.68. Hartford Financial Services Group Inc has a fifty-two week low of $40.54 and a fifty-two week high of $58.22.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.15. The firm had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Hartford Financial Services Group had a net margin of 9.58% and a return on equity of 12.46%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $1.27 EPS. On average, equities research analysts forecast that Hartford Financial Services Group Inc will post 5.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Friday, May 31st. Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 27.71%.

Several institutional investors have recently bought and sold shares of HIG. NuWave Investment Management LLC raised its position in shares of Hartford Financial Services Group by 950.0% during the 2nd quarter. NuWave Investment Management LLC now owns 504 shares of the insurance provider’s stock valued at $28,000 after buying an additional 456 shares in the last quarter. Harvest Group Wealth Management LLC purchased a new stake in shares of Hartford Financial Services Group during the 1st quarter valued at $33,000. Icon Wealth Partners LLC purchased a new stake in shares of Hartford Financial Services Group during the 1st quarter valued at $33,000. Pinnacle Bank purchased a new stake in shares of Hartford Financial Services Group during the 4th quarter valued at $35,000. Finally, Horan Capital Advisors LLC. purchased a new stake in shares of Hartford Financial Services Group during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 89.75% of the company’s stock.

Several research firms have issued reports on HIG. B. Riley set a $20.00 target price on shares of AMC Entertainment and gave the stock a “buy” rating in a research note on Wednesday, June 26th. UBS Group increased their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Zacks Investment Research cut shares of GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Barclays set a $34.00 target price on shares of DCP Midstream and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Finally, Morgan Stanley increased their target price on shares of Blackstone Group from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.31.

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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