Jackson Creek Investment Advisors LLC Sells 190 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Jackson Creek Investment Advisors LLC decreased its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,143 shares of the insurance provider’s stock after selling 190 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in The Hartford Financial Services Group were worth $333,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. boosted its holdings in The Hartford Financial Services Group by 11.7% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 3,165 shares of the insurance provider’s stock worth $254,000 after purchasing an additional 331 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in The Hartford Financial Services Group in the fourth quarter valued at approximately $2,875,000. New Millennium Group LLC bought a new position in The Hartford Financial Services Group in the fourth quarter valued at approximately $1,552,000. SteelPeak Wealth LLC bought a new position in The Hartford Financial Services Group in the fourth quarter valued at approximately $1,691,000. Finally, Cerity Partners LLC grew its stake in The Hartford Financial Services Group by 19.8% in the fourth quarter. Cerity Partners LLC now owns 49,614 shares of the insurance provider’s stock valued at $4,003,000 after purchasing an additional 8,203 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Performance

NYSE:HIG opened at $96.89 on Wednesday. The stock has a market cap of $28.66 billion, a P/E ratio of 11.01, a PEG ratio of 1.38 and a beta of 0.89. The stock has a 50 day simple moving average of $98.65 and a 200 day simple moving average of $86.82. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.29. The Hartford Financial Services Group, Inc. has a 1-year low of $67.05 and a 1-year high of $103.64.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results on Thursday, April 25th. The insurance provider reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.09). The firm had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.51 billion. The Hartford Financial Services Group had a return on equity of 20.64% and a net margin of 10.87%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 earnings per share. Research analysts anticipate that The Hartford Financial Services Group, Inc. will post 10.07 earnings per share for the current year.

The Hartford Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were issued a $0.47 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.88 annualized dividend and a yield of 1.94%. The Hartford Financial Services Group’s dividend payout ratio is presently 21.36%.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, CFO Beth Ann Costello sold 38,915 shares of The Hartford Financial Services Group stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.42, for a total value of $3,713,269.30. Following the completion of the transaction, the chief financial officer now directly owns 69,169 shares of the company’s stock, valued at approximately $6,600,105.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other The Hartford Financial Services Group news, CFO Beth Ann Costello sold 38,915 shares of The Hartford Financial Services Group stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.42, for a total value of $3,713,269.30. Following the completion of the transaction, the chief financial officer now directly owns 69,169 shares of the company’s stock, valued at approximately $6,600,105.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David C. Robinson sold 15,000 shares of The Hartford Financial Services Group stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $89.64, for a total value of $1,344,600.00. Following the completion of the transaction, the executive vice president now directly owns 8,201 shares of the company’s stock, valued at $735,137.64. The disclosure for this sale can be found here. Insiders sold 106,501 shares of company stock valued at $10,141,126 in the last three months. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

HIG has been the subject of a number of analyst reports. Citigroup raised their price target on The Hartford Financial Services Group from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Raymond James restated an “outperform” rating and issued a $120.00 price target (up from $100.00) on shares of The Hartford Financial Services Group in a research note on Monday, April 1st. The Goldman Sachs Group raised their price target on The Hartford Financial Services Group from $92.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Royal Bank of Canada raised their price target on The Hartford Financial Services Group from $77.00 to $95.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. Finally, Evercore ISI lifted their target price on The Hartford Financial Services Group from $96.00 to $104.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.44.

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.