The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP lessened its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIGGet Rating) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,654 shares of the insurance provider’s stock after selling 2,962 shares during the quarter. Artemis Investment Management LLP’s holdings in The Hartford Financial Services Group were worth $7,839,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA boosted its holdings in The Hartford Financial Services Group by 1.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,106,455 shares of the insurance provider’s stock worth $288,479,000 after purchasing an additional 63,785 shares during the period. Bank of New York Mellon Corp boosted its holdings in The Hartford Financial Services Group by 28.8% in the third quarter. Bank of New York Mellon Corp now owns 4,002,178 shares of the insurance provider’s stock worth $281,153,000 after purchasing an additional 893,852 shares during the period. Royal Bank of Canada boosted its holdings in The Hartford Financial Services Group by 2.5% in the third quarter. Royal Bank of Canada now owns 3,656,342 shares of the insurance provider’s stock worth $256,859,000 after purchasing an additional 89,768 shares during the period. First Trust Advisors LP boosted its holdings in shares of The Hartford Financial Services Group by 15.9% during the fourth quarter. First Trust Advisors LP now owns 3,635,720 shares of the insurance provider’s stock valued at $251,010,000 after acquiring an additional 497,801 shares during the period. Finally, Ceredex Value Advisors LLC boosted its holdings in shares of The Hartford Financial Services Group by 21.5% during the fourth quarter. Ceredex Value Advisors LLC now owns 2,029,117 shares of the insurance provider’s stock valued at $140,834,000 after acquiring an additional 358,811 shares during the period. 91.05% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE HIG opened at $69.93 on Friday. The stock has a market cap of $23.13 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 1.45 and a beta of 1.02. The business has a 50 day simple moving average of $70.95 and a 200 day simple moving average of $70.79. The Hartford Financial Services Group, Inc. has a 52 week low of $59.86 and a 52 week high of $78.17. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.31 and a current ratio of 0.31.

The Hartford Financial Services Group (NYSE:HIGGet Rating) last announced its earnings results on Thursday, April 28th. The insurance provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.11. The firm had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.60 billion. The Hartford Financial Services Group had a return on equity of 12.39% and a net margin of 10.56%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. On average, analysts predict that The Hartford Financial Services Group, Inc. will post 6.9 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 4th. Investors of record on Tuesday, March 1st were paid a $0.385 dividend. The ex-dividend date of this dividend was Monday, February 28th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.20%. The Hartford Financial Services Group’s payout ratio is 21.18%.

Several brokerages have recently issued reports on HIG. JPMorgan Chase & Co. reduced their price target on shares of The Hartford Financial Services Group from $79.00 to $76.00 in a report on Thursday, January 6th. Wells Fargo & Company lifted their price objective on shares of The Hartford Financial Services Group from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, January 4th. Morgan Stanley cut their price objective on shares of The Hartford Financial Services Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday, January 14th. StockNews.com assumed coverage on shares of The Hartford Financial Services Group in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Barclays boosted their price target on shares of The Hartford Financial Services Group from $85.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 12th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $80.18.

In other The Hartford Financial Services Group news, EVP David C. Robinson sold 14,743 shares of the company’s stock in a transaction on Friday, April 22nd. The stock was sold at an average price of $73.02, for a total value of $1,076,533.86. Following the sale, the executive vice president now directly owns 1 shares in the company, valued at $73.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Scott R. Lewis sold 5,000 shares of the company’s stock in a transaction on Monday, April 11th. The shares were sold at an average price of $75.00, for a total value of $375,000.00. Following the completion of the sale, the senior vice president now owns 20,121 shares in the company, valued at $1,509,075. The disclosure for this sale can be found here. Insiders sold 28,253 shares of company stock valued at $2,089,784 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

About The Hartford Financial Services Group (Get Rating)

The Hartford Financial Services Group, Inc provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

Featured Stories

Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hartford Financial Services Group, Inc. (NYSE:HIGGet Rating).

Institutional Ownership by Quarter for The Hartford Financial Services Group (NYSE:HIG)

Receive News & Ratings for The Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.