Private Advisor Group LLC Has $745.02 Million Position in The ... - MarketBeat

Private Advisor Group LLC increased its position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Get Rating) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,369 shares of the insurance provider's stock after buying an additional 2,500 shares during the period. Private Advisor Group LLC's holdings in The Hartford Financial Services Group were worth $745,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HIG. Gradient Investments LLC acquired a new position in The Hartford Financial Services Group during the third quarter valued at approximately $27,000. Janiczek Wealth Management LLC grew its holdings in The Hartford Financial Services Group by 38.4% during the third quarter. Janiczek Wealth Management LLC now owns 588 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 163 shares during the last quarter. Larson Financial Group LLC acquired a new position in The Hartford Financial Services Group during the third quarter valued at approximately $50,000. Accurate Wealth Management LLC acquired a new position in The Hartford Financial Services Group during the fourth quarter valued at approximately $54,000. Finally, Armstrong Advisory Group Inc. acquired a new position in The Hartford Financial Services Group during the fourth quarter valued at approximately $60,000. Institutional investors and hedge funds own 89.93% of the company's stock.

The Hartford Financial Services Group Stock Up 0.3 %

NYSE:HIG opened at $67.00 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $20.98 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.13 and a beta of 0.87. The Hartford Financial Services Group, Inc. has a twelve month low of $60.17 and a twelve month high of $79.44. The stock's 50 day moving average price is $74.18 and its two-hundred day moving average price is $72.35.

The Hartford Financial Services Group (NYSE:HIG - Get Rating) last posted its earnings results on Friday, February 3rd. The insurance provider reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.45. The Hartford Financial Services Group had a return on equity of 18.15% and a net margin of 8.12%. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the previous year, the firm earned $2.02 EPS. The firm's revenue was up 3.4% compared to the same quarter last year. Equities research analysts expect that The Hartford Financial Services Group, Inc. will post 8.35 earnings per share for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Monday, March 6th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, March 3rd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.54%. The Hartford Financial Services Group's payout ratio is 31.19%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HIG. Piper Sandler raised their price objective on shares of The Hartford Financial Services Group from $83.00 to $96.00 and gave the stock an "overweight" rating in a research note on Monday, February 6th. StockNews.com began coverage on The Hartford Financial Services Group in a research report on Thursday, March 16th. They issued a "buy" rating for the company. Royal Bank of Canada raised their target price on The Hartford Financial Services Group from $75.00 to $77.00 and gave the stock a "sector perform" rating in a research report on Monday, February 6th. Wells Fargo & Company raised their target price on The Hartford Financial Services Group from $85.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 18th. Finally, Citigroup raised their target price on The Hartford Financial Services Group from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, February 8th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $86.00.

Insider Activity

In other news, EVP Amy Stepnowski sold 336 shares of the company's stock in a transaction on Monday, March 6th. The stock was sold at an average price of $77.59, for a total transaction of $26,070.24. Following the completion of the sale, the executive vice president now directly owns 3,844 shares in the company, valued at approximately $298,255.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Amy Stepnowski sold 336 shares of the company's stock in a transaction on Monday, March 6th. The stock was sold at an average price of $77.59, for a total transaction of $26,070.24. Following the completion of the sale, the executive vice president now directly owns 3,844 shares in the company, valued at approximately $298,255.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Beth Ann Costello sold 38,915 shares of the company's stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $77.85, for a total value of $3,029,532.75. Following the sale, the chief financial officer now owns 57,205 shares of the company's stock, valued at $4,453,409.25. The disclosure for this sale can be found here. In the last three months, insiders sold 101,167 shares of company stock worth $7,872,898. 1.80% of the stock is currently owned by company insiders.

The Hartford Financial Services Group Company Profile

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The Hartford Financial Services Group, Inc is an insurance and financial services company. It operates through the following segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Hartford Funds, and Corporate. The Commercial Lines segment provides workers' compensation, property, automobile, liability and umbrella coverage under several different products.

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