Hartford Financial Services Group Inc (NYSE:HIG) Shares Purchased by Dean Capital Investments Management LLC

Dean Capital Investments Management LLC increased its position in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 31.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,900 shares of the insurance provider’s stock after acquiring an additional 1,872 shares during the quarter. Dean Capital Investments Management LLC’s holdings in Hartford Financial Services Group were worth $479,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HIG. Prime Capital Investment Advisors LLC acquired a new position in shares of Hartford Financial Services Group in the 3rd quarter valued at $25,000. Venturi Wealth Management LLC acquired a new position in shares of Hartford Financial Services Group in the 3rd quarter valued at $28,000. Virtus ETF Advisers LLC acquired a new position in shares of Hartford Financial Services Group in the 2nd quarter valued at $26,000. NuWave Investment Management LLC boosted its holdings in shares of Hartford Financial Services Group by 950.0% in the 2nd quarter. NuWave Investment Management LLC now owns 504 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 456 shares during the last quarter. Finally, Rational Advisors LLC boosted its holdings in shares of Hartford Financial Services Group by 950.0% in the 2nd quarter. Rational Advisors LLC now owns 504 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 456 shares during the last quarter. Hedge funds and other institutional investors own 91.75% of the company’s stock.

Shares of NYSE HIG traded down $0.11 on Wednesday, hitting $61.54. The company had a trading volume of 639,647 shares, compared to its average volume of 2,031,098. Hartford Financial Services Group Inc has a 12-month low of $40.54 and a 12-month high of $61.74. The business has a 50 day moving average of $58.96 and a two-hundred day moving average of $56.92. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $22.02 billion, a P/E ratio of 14.21, a PEG ratio of 1.18 and a beta of 0.62.

Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.24 by $0.26. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.22 billion. Hartford Financial Services Group had a return on equity of 12.69% and a net margin of 8.66%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $1.15 EPS. On average, sell-side analysts anticipate that Hartford Financial Services Group Inc will post 5.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, November 29th. Hartford Financial Services Group’s dividend payout ratio (DPR) is 27.71%.

In other news, EVP Martha Gervasi sold 3,672 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $58.11, for a total transaction of $213,379.92. Following the completion of the sale, the executive vice president now directly owns 18,882 shares in the company, valued at $1,097,233.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert W. Paiano sold 3,011 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $59.26, for a total value of $178,431.86. Following the sale, the executive vice president now owns 31,367 shares of the company’s stock, valued at $1,858,808.42. The disclosure for this sale can be found here. Insiders sold 62,337 shares of company stock valued at $3,720,785 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on HIG shares. MKM Partners lifted their price target on shares of Hartford Financial Services Group to $70.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. ValuEngine upgraded shares of Hartford Financial Services Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 5th. Evercore ISI upgraded shares of Hartford Financial Services Group from an “in-line” rating to an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada lifted their price target on shares of Hartford Financial Services Group from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $58.00 price target on shares of Hartford Financial Services Group in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Hartford Financial Services Group has an average rating of “Buy” and a consensus target price of $63.92.

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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Institutional Ownership by Quarter for Hartford Financial Services Group (NYSE:HIG)

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