The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Bought by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. boosted its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 11.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,165 shares of the insurance provider’s stock after buying an additional 331 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in The Hartford Financial Services Group were worth $254,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Guidance Capital Inc. acquired a new stake in The Hartford Financial Services Group during the 2nd quarter worth approximately $514,000. New Millennium Group LLC acquired a new stake in shares of The Hartford Financial Services Group in the 4th quarter valued at $1,552,000. Teza Capital Management LLC acquired a new stake in shares of The Hartford Financial Services Group in the 3rd quarter valued at $2,087,000. The Manufacturers Life Insurance Company raised its holdings in shares of The Hartford Financial Services Group by 62.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 343,993 shares of the insurance provider’s stock valued at $24,393,000 after purchasing an additional 132,523 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of The Hartford Financial Services Group in the 3rd quarter valued at $2,828,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 8,206 shares of The Hartford Financial Services Group stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $95.60, for a total transaction of $784,493.60. Following the completion of the sale, the executive vice president now directly owns 25,820 shares in the company, valued at $2,468,392. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Michael R. Fisher sold 27,004 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $98.90, for a total value of $2,670,695.60. Following the completion of the sale, the executive vice president now directly owns 18,906 shares in the company, valued at $1,869,803.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Adin M. Tooker sold 8,206 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $95.60, for a total transaction of $784,493.60. Following the completion of the sale, the executive vice president now 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 259,342 shares of company stock worth $23,256,523 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HIG shares. TD Cowen started coverage on shares of The Hartford Financial Services Group in a report on Wednesday, January 10th. They issued an “outperform” rating on the stock. Piper Sandler increased their target price on shares of The Hartford Financial Services Group from $97.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. UBS Group increased their target price on shares of The Hartford Financial Services Group from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Royal Bank of Canada increased their target price on shares of The Hartford Financial Services Group from $77.00 to $95.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of The Hartford Financial Services Group from $108.00 to $114.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.06.

The Hartford Financial Services Group Price Performance

Shares of NYSE HIG traded up $0.74 during midday trading on Thursday, hitting $103.04. The company had a trading volume of 1,548,438 shares, compared to its average volume of 1,828,843. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.29. The Hartford Financial Services Group, Inc. has a twelve month low of $67.01 and a twelve month high of $103.27. The business has a 50-day simple moving average of $93.56 and a two-hundred day simple moving average of $82.06. The firm has a market capitalization of $30.64 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 1.45 and a beta of 0.88.

The Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.62. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.31 earnings per share. Equities research analysts anticipate that The Hartford Financial Services Group, Inc. will post 9.94 earnings per share for the current year.

The Hartford Financial Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, March 1st. The Hartford Financial Services Group’s payout ratio is currently 23.53%.

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.