6,524 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Purchased by SC&H Financial Advisors Inc.

SC&H Financial Advisors Inc. acquired a new stake in The Hartford Financial Services Group, Inc. (NYSE:HIGGet Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,524 shares of the insurance provider’s stock, valued at approximately $450,000.

A number of other hedge funds have also added to or reduced their stakes in HIG. Morgan Stanley raised its holdings in The Hartford Financial Services Group by 89.0% in the 2nd quarter. Morgan Stanley now owns 1,458,772 shares of the insurance provider’s stock valued at $90,401,000 after acquiring an additional 687,072 shares during the last quarter. Alliancebernstein L.P. raised its holdings in The Hartford Financial Services Group by 1.2% in the 3rd quarter. Alliancebernstein L.P. now owns 481,170 shares of the insurance provider’s stock valued at $33,802,000 after acquiring an additional 5,560 shares during the last quarter. Creative Planning raised its holdings in The Hartford Financial Services Group by 8.3% in the 3rd quarter. Creative Planning now owns 35,815 shares of the insurance provider’s stock valued at $2,516,000 after acquiring an additional 2,740 shares during the last quarter. IndexIQ Advisors LLC raised its holdings in The Hartford Financial Services Group by 5.1% in the 3rd quarter. IndexIQ Advisors LLC now owns 6,182 shares of the insurance provider’s stock valued at $434,000 after acquiring an additional 300 shares during the last quarter. Finally, AGF Investments Inc. acquired a new stake in shares of The Hartford Financial Services Group during the 3rd quarter worth approximately $197,000. Institutional investors own 93.01% of the company’s stock.

A number of brokerages have recently issued reports on HIG. StockNews.com began coverage on shares of The Hartford Financial Services Group in a report on Thursday, March 31st. They set a “buy” rating for the company. Barclays raised 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 report on Tuesday, April 12th. Finally, Raymond James raised their price target on shares of The Hartford Financial Services Group from $80.00 to $85.00 in a report on Tuesday, May 3rd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $80.58.

In other news, CEO Christopher Swift sold 47,130 shares of The Hartford Financial Services Group stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $72.89, for a total transaction of $3,435,305.70. Following the completion of the sale, the chief executive officer now directly owns 172,129 shares of the company’s stock, valued at approximately $12,546,482.81. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Scott R. Lewis sold 5,000 shares of The Hartford Financial Services Group stock in a transaction on Monday, April 11th. The stock was sold at an average price of $75.00, for a total transaction of $375,000.00. Following the sale, the senior vice president now directly owns 20,121 shares of the company’s stock, valued at $1,509,075. The disclosure for this sale can be found here. Insiders sold a total of 122,597 shares of company stock valued at $8,980,210 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

NYSE:HIG opened at $70.06 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.32 and a current ratio of 0.32. The Hartford Financial Services Group, Inc. has a fifty-two week low of $59.86 and a fifty-two week high of $78.17. The stock has a market capitalization of $23.04 billion, a P/E ratio of 9.53, a PEG ratio of 1.43 and a beta of 0.97. The company has a 50 day moving average price of $71.46 and a 200 day moving average price of $70.59.

The Hartford Financial Services Group (NYSE:HIGGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The insurance provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.55 by $0.11. The Hartford Financial Services Group had a net margin of 11.39% and a return on equity of 14.84%. The company had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.60 billion. During the same quarter last year, the company posted $0.56 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. Research analysts forecast that The Hartford Financial Services Group, Inc. will post 6.95 earnings per share for the current fiscal year.

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

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.

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

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