2 weeks Ago By ABMN Staff
HB Wealth Management LLC raised its stake in shares of The Hartford Financial Services Group, Inc. ( NYSE:HIG – Free Report ) by 34.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 4,175 shares of the insurance provider’s stock after buying an additional 1,060 shares during the quarter. HB Wealth Management LLC’s holdings in The Hartford Financial Services Group were worth $420,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors and hedge funds have also recently modified their holdings of HIG.
New Covenant Trust Company N.A. purchased a new position in The Hartford Financial Services Group during the first quarter valued at $26,000.
Cape Investment Advisory Inc. boosted its stake 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 valued at $30,000 after buying an additional 245 shares during the last quarter. Bank & Trust Co bought a new stake in The Hartford Financial Services Group in the 2nd quarter worth approximately $30,000.
First United Bank & Trust purchased a new stake in shares of The Hartford Financial Services Group during the 4th quarter worth approximately $31,000. Finally, Family Firm Inc. purchased a new position in shares of The Hartford Financial Services Group in the second quarter valued at $31,000.
Institutional investors own 93.42% of the company’s stock. Insider Activity at The Hartford Financial Services Group In other The Hartford Financial Services Group news, EVP Michael R.
Fisher sold 4,088 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $101.47, for a total value of $414,809.
36. Following the completion of the transaction, the executive vice president now directly owns 14,818 shares in the company, valued at $1,503,582.46.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . 1.60% of the stock is owned by corporate insiders.
The Hartford Financial Services Group Trading Up 1.6 % The Hartford Financial Services Group ( NYSE:HIG – Get Free Report ) last released its quarterly earnings data on Thursday, July 25th. The insurance provider reported $2.
50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.26.
The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.02 billion.
The Hartford Financial Services Group had a net margin of 11.44% and a return on equity of 21.20%.
The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.
88 earnings per share. Analysts expect that The Hartford Financial Services Group, Inc. will post 10.
07 earnings per share for the current fiscal year. The Hartford Financial Services Group declared that its Board of Directors has initiated a share repurchase program on Thursday, July 25th that allows the company to buyback $3.30 billion in outstanding shares.
This buyback authorization allows the insurance provider to repurchase up to 10.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
The Hartford Financial Services Group Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.47 per share.
This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.62%.
The ex-dividend date is Tuesday, September 3rd. The Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 21.36%.
Analysts Set New Price Targets HIG has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of The Hartford Financial Services Group from $104.
00 to $116.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Piper Sandler upped their price objective on The Hartford Financial Services Group from $112.
00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Argus upgraded The Hartford Financial Services Group to a “strong-buy” rating in a report on Friday, August 2nd.
Citigroup lowered The Hartford Financial Services Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $116.00 to $114.00 in a report on Friday, June 28th.
Finally, Keefe, Bruyette & Woods lifted their price objective on shares of The Hartford Financial Services Group from $120.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st.
Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, The Hartford Financial Services Group presently has an average rating of “Moderate Buy” and a consensus price target of $110.88.
View Our Latest Report on The Hartford Financial Services Group The Hartford Financial Services Group Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Hartford Financial Services Group, Inc. ( NYSE:HIG – Free Report ). Receive News & Ratings for The Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hartford Financial Services Group and related companies with MarketBeat.
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