2 weeks Ago By ABMN Staff
Parallel Advisors LLC raised its stake in The Hartford Financial Services Group, Inc. ( NYSE:HIG – Free Report ) by 4.4% in the 2nd quarter, according to its most recent filing with the SEC.
The fund owned 16,657 shares of the insurance provider’s stock after purchasing an additional 709 shares during the period. Parallel Advisors LLC’s holdings in The Hartford Financial Services Group were worth $1,675,000 as of its most recent SEC filing. Other institutional investors have also modified their holdings of the company.
Concurrent Investment Advisors LLC bought a new position in The Hartford Financial Services Group during the second quarter worth $213,000. BNP Paribas Financial Markets increased its stake in The Hartford Financial Services Group by 27.1% during the 1st quarter.
BNP Paribas Financial Markets now owns 456,799 shares of the insurance provider’s stock valued at $47,073,000 after buying an additional 97,465 shares during the period. Banque Cantonale Vaudoise increased its stake in shares of The Hartford Financial Services Group by 378.8% during the first quarter.
Banque Cantonale Vaudoise now owns 16,725 shares of the insurance provider’s stock valued at $1,724,000 after acquiring an additional 13,232 shares during the period. Sei Investments Co. raised its stake in shares of The Hartford Financial Services Group by 5.
6% in the 1st quarter. Sei Investments Co. now owns 229,305 shares of the insurance provider’s stock worth $23,629,000 after buying an additional 12,067 shares in the last quarter.
Finally, Stifel Financial Corp boosted its position in shares of The Hartford Financial Services Group by 14.2% during the 4th quarter. Stifel Financial Corp now owns 261,995 shares of the insurance provider’s stock valued at $21,059,000 after purchasing an additional 32,534 shares in the last quarter.
Institutional investors and hedge funds own 93.42% of the company’s stock. Insider Buying and Selling 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 of the company’s stock, valued at $1,503,582.46.
The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . Corporate insiders own 1.60% of the company’s stock.
Analyst Upgrades and Downgrades View Our Latest Stock Report on The Hartford Financial Services Group The Hartford Financial Services Group Stock Up 0.2 % HIG opened at $115.36 on Monday.
The company has a market capitalization of $34.12 billion, a P/E ratio of 13.11, a P/E/G ratio of 0.
91 and a beta of 0.93. The company has a debt-to-equity ratio of 0.
28, a current ratio of 0.32 and a quick ratio of 0.32.
The firm’s fifty day moving average price is $109.01 and its two-hundred day moving average price is $103.20.
The Hartford Financial Services Group, Inc. has a fifty-two week low of $68.82 and a fifty-two week high of $117.
68. 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, beating the consensus estimate of $2.24 by $0.26.
The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.02 billion.
The Hartford Financial Services Group had a return on equity of 21.20% and a net margin of 11.44%.
The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.
88 EPS. On average, analysts anticipate that The Hartford Financial Services Group, Inc. will post 10.
09 EPS for the current year. The Hartford Financial Services Group announced that its Board of Directors has authorized a stock buyback program on Thursday, July 25th that permits the company to buyback $3.30 billion in shares.
This buyback authorization permits the insurance provider to repurchase up to 10.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
The Hartford Financial Services Group Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.47 per share.
This represents a $1.88 annualized dividend and a dividend yield of 1.63%.
The ex-dividend date of this dividend is Tuesday, September 3rd. The Hartford Financial Services Group’s payout ratio is 21.36%.
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. Further Reading 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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