Summit Trail Advisors LLC Sells 1,080 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Summit Trail Advisors LLC decreased its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 29.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,615 shares of the insurance provider’s stock after selling 1,080 shares during the period. Summit Trail Advisors LLC’s holdings in The Hartford Financial Services Group were worth $211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Spire Wealth Management raised its position in shares of The Hartford Financial Services Group by 11.0% during the 4th quarter. Spire Wealth Management now owns 2,266 shares of the insurance provider’s stock valued at $193,000 after acquiring an additional 224 shares during the last quarter. National Bank of Canada FI lifted its holdings in The Hartford Financial Services Group by 4.4% during the fourth quarter. National Bank of Canada FI now owns 78,654 shares of the insurance provider’s stock worth $6,402,000 after acquiring an additional 3,297 shares in the last quarter. LSV Asset Management grew its stake in The Hartford Financial Services Group by 3.5% in the fourth quarter. LSV Asset Management now owns 4,821,885 shares of the insurance provider’s stock valued at $387,583,000 after acquiring an additional 165,190 shares during the period. M&T Bank Corp increased its holdings in shares of The Hartford Financial Services Group by 11.3% in the fourth quarter. M&T Bank Corp now owns 35,025 shares of the insurance provider’s stock worth $2,815,000 after acquiring an additional 3,569 shares in the last quarter. Finally, Summit Global Investments raised its position in shares of The Hartford Financial Services Group by 4.1% during the fourth quarter. Summit Global Investments now owns 20,259 shares of the insurance provider’s stock worth $1,628,000 after purchasing an additional 798 shares during the period. Institutional investors own 93.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HIG shares. UBS Group increased their target price on The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Roth Mkm increased their price objective on shares of The Hartford Financial Services Group from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Evercore ISI boosted their price target on The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. increased their price objective on The Hartford Financial Services Group from $91.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Citigroup boosted their target price 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. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.44.

The Hartford Financial Services Group Stock Performance

Shares of HIG opened at $99.70 on Thursday. The company has a market cap of $29.49 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90. The firm has a 50-day moving average of $98.96 and a 200-day moving average of $87.74. The Hartford Financial Services Group, Inc. has a one year low of $67.42 and a one year high of $103.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.31 and a quick ratio of 0.31.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, April 25th. The insurance provider reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.09). The business had revenue of $6.42 billion for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.68 EPS. As a group, equities analysts forecast that The Hartford Financial Services Group, Inc. will post 10.01 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 4th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.88 annualized dividend and a dividend yield of 1.89%. The Hartford Financial Services Group’s dividend payout ratio is currently 21.36%.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Robert W. Paiano sold 14,528 shares of The Hartford Financial Services Group stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $93.97, for a total transaction of $1,365,196.16. Following the completion of the transaction, the executive vice president now directly owns 46,792 shares in the company, valued at approximately $4,397,044.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Robert W. Paiano sold 14,528 shares of The Hartford Financial Services Group stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $93.97, for a total transaction of $1,365,196.16. Following the completion of the sale, the executive vice president now directly owns 46,792 shares of the company’s stock, valued at approximately $4,397,044.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Beth Ann Costello sold 38,915 shares of The Hartford Financial Services Group stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 69,169 shares of the company’s stock, valued at $6,600,105.98. The disclosure for this sale can be found here. In the last three months, insiders sold 90,169 shares of company stock worth $8,676,992. 1.60% of the stock is owned by company insiders.

The Hartford Financial Services Group Company 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.