Atomi Financial Group Inc. Acquires 198 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Atomi Financial Group Inc. lifted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 5.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,818 shares of the insurance provider’s stock after purchasing an additional 198 shares during the quarter. Atomi Financial Group Inc.’s holdings in The Hartford Financial Services Group were worth $393,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth $26,000. CVA Family Office LLC bought a new stake in The Hartford Financial Services Group during the fourth quarter worth $27,000. Chilton Capital Management LLC bought a new stake in The Hartford Financial Services Group during the fourth quarter worth $28,000. Cape Investment Advisory Inc. raised its position in The Hartford Financial Services Group by 189.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 374 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 245 shares in the last quarter. Finally, First United Bank & Trust bought a new stake in The Hartford Financial Services Group during the fourth quarter worth $31,000. Institutional investors own 93.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HIG shares. Evercore ISI increased their price objective on shares of The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. increased their price objective on shares of The Hartford Financial Services Group from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and issued a $105.00 price objective on shares of The Hartford Financial Services Group in a research report on Friday, June 28th. Raymond James reissued an “outperform” rating and issued a $120.00 price objective (up from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. Finally, Wells Fargo & Company dropped their price objective on shares of The Hartford Financial Services Group from $117.00 to $111.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.50.

Insider Activity at The Hartford Financial Services Group

In related news, CFO Beth Ann Costello sold 72,076 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $99.71, for a total value of $7,186,697.96. Following the completion of the transaction, the chief financial officer now owns 69,169 shares in the company, valued at approximately $6,896,840.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 4,088 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $101.47, for a total transaction of $414,809.36. Following the completion of the transaction, the executive vice president now owns 14,818 shares in the company, valued at approximately $1,503,582.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Beth Ann Costello sold 72,076 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $99.71, for a total transaction of $7,186,697.96. Following the transaction, the chief financial officer now owns 69,169 shares of the company’s stock, valued at approximately $6,896,840.99. The disclosure for this sale can be found here. Insiders sold a total of 94,499 shares of company stock worth $9,449,309 in the last quarter. 1.60% of the stock is owned by insiders.

The Hartford Financial Services Group Price Performance

Shares of HIG traded up $1.26 during mid-day trading on Monday, reaching $103.01. The company had a trading volume of 520,742 shares, compared to its average volume of 1,670,163. The company’s 50 day simple moving average is $101.04 and its 200 day simple moving average is $96.04. The Hartford Financial Services Group, Inc. has a 1-year low of $68.82 and a 1-year high of $105.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $30.47 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 0.84 and a beta of 0.93.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, April 25th. The insurance provider reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.09). The business had revenue of $6.42 billion during the quarter, compared to the consensus estimate 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 firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 EPS. Analysts expect that The Hartford Financial Services Group, Inc. will post 9.86 EPS for the current year.

The Hartford Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Monday, June 3rd were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 1.83%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 21.36%.

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.