332 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Acquired by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC bought a new position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 332 shares of the insurance provider’s stock, valued at approximately $36,000.

A number of other hedge funds have also recently bought and sold shares of the company. TCTC Holdings LLC boosted its position in The Hartford Financial Services Group by 49.5% during the fourth quarter. TCTC Holdings LLC now owns 719 shares of the insurance provider’s stock worth $79,000 after acquiring an additional 238 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of The Hartford Financial Services Group by 1.0% in the 4th quarter. Parallel Advisors LLC now owns 17,239 shares of the insurance provider’s stock valued at $1,886,000 after purchasing an additional 164 shares during the last quarter. Gitterman Wealth Management LLC boosted its holdings in shares of The Hartford Financial Services Group by 6.7% in the 4th quarter. Gitterman Wealth Management LLC now owns 2,875 shares of the insurance provider’s stock valued at $315,000 after purchasing an additional 180 shares during the last quarter. Frank Rimerman Advisors LLC boosted its holdings in shares of The Hartford Financial Services Group by 18.4% in the 4th quarter. Frank Rimerman Advisors LLC now owns 2,936 shares of the insurance provider’s stock valued at $321,000 after purchasing an additional 457 shares during the last quarter. Finally, Aviso Financial Inc. boosted its holdings in shares of The Hartford Financial Services Group by 3.6% in the 4th quarter. Aviso Financial Inc. now owns 19,791 shares of the insurance provider’s stock valued at $2,165,000 after purchasing an additional 681 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Robert W. Paiano sold 13,138 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $117.20, for a total value of $1,539,773.60. Following the completion of the sale, the executive vice president now owns 31,678 shares of the company’s stock, valued at approximately $3,712,661.60. The trade was a 29.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Stock Performance

The Hartford Financial Services Group stock opened at $118.81 on Wednesday. The Hartford Financial Services Group, Inc. has a 12-month low of $94.47 and a 12-month high of $124.90. The company has a market capitalization of $33.91 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 1.12 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The firm’s fifty day moving average price is $113.69 and its 200 day moving average price is $114.96.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.26. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. On average, research analysts forecast that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Monday, March 3rd. The Hartford Financial Services Group’s payout ratio is currently 20.10%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HIG. BMO Capital Markets lifted their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Keefe, Bruyette & Woods lifted their price target on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Piper Sandler lifted their price target on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 target price on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. Finally, StockNews.com downgraded shares of The Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.94.

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.