The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. lowered its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 15.4% during the first quarter, Holdings Channel reports. The firm owned 12,800 shares of the insurance provider’s stock after selling 2,332 shares during the quarter. The Hartford Financial Services Group makes up about 0.8% of Lifestyle Asset Management Inc.’s portfolio, making the stock its 25th largest holding. Lifestyle Asset Management Inc.’s holdings in The Hartford Financial Services Group were worth $1,319,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HIG. GoalVest Advisory LLC increased its position in shares of The Hartford Financial Services Group by 464.8% during the fourth quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 251 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in The Hartford Financial Services Group in the 4th quarter valued at about $26,000. CVA Family Office LLC acquired a new position in The Hartford Financial Services Group in the 4th quarter valued at about $27,000. Chilton Capital Management LLC acquired a new position in The Hartford Financial Services Group in the 4th quarter valued at about $28,000. Finally, Cape Investment Advisory Inc. increased its position in The Hartford Financial Services Group by 189.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 374 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 245 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on HIG shares. Raymond James restated an “outperform” rating and issued a $120.00 price target (up previously from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. Argus boosted their price target on The Hartford Financial Services Group from $104.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Citigroup lowered The Hartford Financial Services Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $116.00 to $114.00 in a report on Friday, June 28th. Morgan Stanley lowered their price objective on The Hartford Financial Services Group from $110.00 to $109.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, Roth Mkm lifted their price objective on The Hartford Financial Services Group from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.71.

The Hartford Financial Services Group Price Performance

Shares of NYSE:HIG traded down $0.43 during trading on Wednesday, hitting $99.60. 1,103,534 shares of the stock were exchanged, compared to its average volume of 1,696,569. The company has a fifty day moving average price of $100.65 and a two-hundred day moving average price of $94.91. The company has a market cap of $29.46 billion, a PE ratio of 11.32, a P/E/G ratio of 0.83 and a beta of 0.93. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.29. The Hartford Financial Services Group, Inc. has a 12-month low of $68.82 and a 12-month high of $105.20.

The Hartford Financial Services Group (NYSE:HIG) last posted its earnings results on Thursday, April 25th. The insurance provider reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.09). The Hartford Financial Services Group had a net margin of 10.87% and a return on equity of 20.64%. The company had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.51 billion. During the same period in the previous year, the company posted $1.68 EPS. The Hartford Financial Services Group’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts forecast that The Hartford Financial Services Group, Inc. will post 9.91 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Monday, June 3rd were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Monday, June 3rd. The Hartford Financial Services Group’s payout ratio is currently 21.36%.

Insider Activity at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 4,088 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $101.47, for a total value of $414,809.36. Following the completion of the transaction, the executive vice president now directly owns 14,818 shares in the company, valued at approximately $1,503,582.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 4,088 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $101.47, for a total value of $414,809.36. Following the completion of the transaction, the executive vice president now directly owns 14,818 shares in the company, valued at approximately $1,503,582.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan R. Bennett sold 18,335 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $100.78, for a total value of $1,847,801.30. Following the completion of the transaction, the executive vice president now owns 25,643 shares of the company’s stock, valued at $2,584,301.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,499 shares of company stock valued at $9,449,309. 1.60% of the stock is owned by corporate 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.