Insider Selling: Hartford Financial Services Group Inc (NYSE:HIG) Insider Sells 32,094 Shares of Stock

Hartford Financial Services Group Inc (NYSE:HIG) insider Brion S. Johnson sold 32,094 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $55.72, for a total value of $1,788,277.68. Following the transaction, the insider now owns 51,499 shares of the company’s stock, valued at $2,869,524.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NYSE:HIG traded up $0.24 on Thursday, reaching $57.90. The company’s stock had a trading volume of 1,555,426 shares, compared to its average volume of 2,123,422. Hartford Financial Services Group Inc has a 12-month low of $40.54 and a 12-month high of $58.19. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $20.88 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 1.21 and a beta of 0.68. The company has a 50 day moving average of $55.48.

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 (EPS) 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 the consensus estimate of $4.84 billion. Hartford Financial Services Group had a return on equity of 12.46% and a net margin of 9.58%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 EPS. Research analysts anticipate that Hartford Financial Services Group Inc will post 5.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Friday, May 31st. Hartford Financial Services Group’s dividend payout ratio (DPR) is 27.71%.

HIG has been the topic of a number of recent research reports. Goldman Sachs Group raised Koninklijke KPN from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 29th. Barclays set a $34.00 price objective on DCP Midstream and gave the company a “hold” rating in a research report on Wednesday, May 22nd. UBS Group raised their price objective on Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. B. Riley set a $20.00 price objective on AMC Entertainment and gave the company a “buy” rating in a research report on Wednesday, June 26th. Finally, ValuEngine downgraded Yara International ASA from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.46.

Several hedge funds have recently modified their holdings of the company. NuWave Investment Management LLC raised its stake in Hartford Financial Services Group by 950.0% in the second 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 in the last quarter. Harvest Group Wealth Management LLC purchased a new position in shares of Hartford Financial Services Group in the first quarter worth $33,000. Icon Wealth Partners LLC purchased a new position in shares of Hartford Financial Services Group in the first quarter worth $33,000. Pinnacle Bank bought a new stake in Hartford Financial Services Group in the fourth quarter valued at $35,000. Finally, Horan Capital Advisors LLC. bought a new stake in Hartford Financial Services Group in the first quarter valued at $37,000. 89.75% of the stock is owned by institutional investors and hedge funds.

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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