Nicholas Hoffman & Company LLC. Sells 919 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Nicholas Hoffman & Company LLC. lessened its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,040 shares of the insurance provider’s stock after selling 919 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in The Hartford Financial Services Group were worth $1,129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HIG. Norges Bank bought a new stake in shares of The Hartford Financial Services Group in the 4th quarter worth about $277,618,000. Moneta Group Investment Advisors LLC bought a new stake in shares of The Hartford Financial Services Group in the 4th quarter worth about $215,742,000. Victory Capital Management Inc. grew its holdings in shares of The Hartford Financial Services Group by 26.7% in the 3rd quarter. Victory Capital Management Inc. now owns 5,142,167 shares of the insurance provider’s stock worth $364,631,000 after purchasing an additional 1,083,420 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of The Hartford Financial Services Group by 324.6% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 938,693 shares of the insurance provider’s stock worth $65,418,000 after purchasing an additional 717,613 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of The Hartford Financial Services Group by 722.9% in the 1st quarter. Renaissance Technologies LLC now owns 757,100 shares of the insurance provider’s stock worth $54,367,000 after purchasing an additional 665,100 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

Insider Activity

In other news, EVP Adin M. Tooker sold 8,206 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $95.60, for a total value of $784,493.60. Following the completion of the sale, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at approximately $2,468,392. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Michael R. Fisher sold 27,004 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the completion of the sale, the executive vice president now directly owns 18,906 shares of the company’s stock, valued at approximately $1,869,803.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Adin M. Tooker sold 8,206 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $95.60, for a total value of $784,493.60. Following the sale, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at $2,468,392. The disclosure for this sale can be found here. Insiders sold a total of 202,264 shares of company stock valued at $18,438,369 in the last ninety days. 1.60% of the stock is owned by insiders.

The Hartford Financial Services Group Trading Up 2.1 %

The Hartford Financial Services Group stock traded up $2.00 during trading hours on Friday, reaching $98.95. 1,484,941 shares of the company’s stock traded hands, compared to its average volume of 1,638,250. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.32 and a current ratio of 0.32. The Hartford Financial Services Group, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $103.64. The firm has a market capitalization of $29.42 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.40 and a beta of 0.89. The firm’s 50 day moving average is $97.80 and its 200-day moving average is $85.36.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.62. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $5.84 billion. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.31 EPS. On average, analysts predict that The Hartford Financial Services Group, Inc. will post 10.13 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 4th were paid a $0.47 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.90%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 23.53%.

Analyst Ratings Changes

HIG has been the topic of several research reports. Keefe, Bruyette & Woods upped their price target on shares of The Hartford Financial Services Group from $114.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Piper Sandler reiterated an “overweight” rating and set a $115.00 price target on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. Roth Mkm upped their price target on shares of The Hartford Financial Services Group from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Royal Bank of Canada upped their price target on shares of The Hartford Financial Services Group from $77.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Monday, February 5th. Finally, Citigroup upped their price target on shares of The Hartford Financial Services Group from $109.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $105.56.

About The Hartford Financial Services Group

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.