Personal CFO Solutions LLC Purchases 202 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Personal CFO Solutions LLC boosted its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,978 shares of the insurance provider’s stock after purchasing an additional 202 shares during the period. Personal CFO Solutions LLC’s holdings in The Hartford Financial Services Group were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of HIG. Cambridge Investment Research Advisors Inc. grew its position in The Hartford Financial Services Group by 7.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,704 shares of the insurance provider’s stock valued at $1,271,000 after acquiring an additional 1,185 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of The Hartford Financial Services Group by 9.1% in the first quarter. D.A. Davidson & CO. now owns 3,952 shares of the insurance provider’s stock worth $284,000 after purchasing an additional 330 shares during the last quarter. Prudential PLC purchased a new position in The Hartford Financial Services Group in the 1st quarter worth about $674,000. Cetera Investment Advisers lifted its holdings in The Hartford Financial Services Group by 88.6% during the 1st quarter. Cetera Investment Advisers now owns 11,238 shares of the insurance provider’s stock valued at $807,000 after buying an additional 5,278 shares in the last quarter. Finally, Zions Bancorporation N.A. boosted its position in The Hartford Financial Services Group by 235.4% in the 1st quarter. Zions Bancorporation N.A. now owns 1,070 shares of the insurance provider’s stock valued at $77,000 after buying an additional 751 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

The Hartford Financial Services Group Price Performance

Shares of NYSE HIG opened at $76.54 on Monday. The Hartford Financial Services Group, Inc. has a fifty-two week low of $64.25 and a fifty-two week high of $79.44. The company has a market cap of $23.02 billion, a PE ratio of 10.50, a P/E/G ratio of 1.32 and a beta of 0.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50-day simple moving average of $72.46 and a two-hundred day simple moving average of $71.88.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, October 26th. The insurance provider reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.34. The Hartford Financial Services Group had a net margin of 9.62% and a return on equity of 19.05%. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same period last year, the business earned $1.44 EPS. The Hartford Financial Services Group’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, equities analysts expect that The Hartford Financial Services Group, Inc. will post 8.16 EPS for the current fiscal year.

The Hartford Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 1st will be paid a $0.47 dividend. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.46%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 23.32%.

Insider Buying and Selling at The Hartford Financial Services Group

In other news, EVP Stephanie C. Bush sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $72.74, for a total value of $363,700.00. Following the completion of the transaction, the executive vice president now directly owns 10,063 shares in the company, valued at $731,982.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 6,003 shares of company stock worth $436,159. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Piper Sandler increased their price objective on The Hartford Financial Services Group from $93.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Barclays lowered their price objective on shares of The Hartford Financial Services Group from $87.00 to $83.00 in a research note on Friday, July 28th. StockNews.com began coverage on shares of The Hartford Financial Services Group in a research report on Thursday, October 5th. They set a “buy” rating on the stock. Oppenheimer assumed coverage on shares of The Hartford Financial Services Group in a research report on Thursday. They issued a “market perform” rating for the company. Finally, Citigroup cut their price objective on shares of The Hartford Financial Services Group from $87.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.43.

About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc 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, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.