close
close

Aveo Capital Partners LLC sells 456 shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)


Aveo Capital Partners LLC has sold its interest in The Hartford Financial Services Group, Inc. (NYSE:HIG – Free Report) fell 13.0% in the fourth quarter, the company said in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,057 shares of the insurance company, after selling 456 shares during the period. Aveo Capital Partners LLC’s holdings in The Hartford Financial Services Group were worth $246,000 at the end of the most recent reporting period.

Other major investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC increased its holdings in shares of The Hartford Financial Services Group by 316.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 16,274 shares of the insurance company’s stock worth $1,308,000 after purchasing an additional 12,366 shares during the period. Natixis Advisors LP increased its holdings in shares of The Hartford Financial Services Group by 5.9% during the fourth quarter. Natixis Advisors LP now owns 472,651 shares of the insurance company’s stock worth $37,991,000 after purchasing an additional 26,178 shares during the period. First Trust Direct Indexing LP increased its holdings in shares of The Hartford Financial Services Group by 27.3% in the fourth quarter. First Trust Direct Indexing LP now owns 5,556 shares of the insurance company’s stock worth $447,000 after purchasing an additional 1,191 shares during the period. Victory Capital Management Inc. increased its holdings in shares of The Hartford Financial Services Group by 2.1% during the 4th quarter. Victory Capital Management Inc. now owns 5,247,966 shares of the insurance company’s stock worth $421,832,000 after purchasing an additional 105,799 shares during the period. Finally, Naviter Wealth LLC increased its holdings in shares of The Hartford Financial Services Group by 31.2% in the fourth quarter. Naviter Wealth LLC now owns 4,706 shares of the insurance company’s stock worth $381,000 after purchasing an additional 1,118 shares during the period. 93.42% of the shares are currently held by institutional investors.

Changes in analyst ratings

A number of stock analysts have recently commented on the stock. UBS Group raised their price target on shares of The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Monday, February 5. Raymond James reissued an “outperform” rating and a $120.00 price target (up from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1. Evercore ISI raised their price objective on shares of The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an “in-line” rating in a research report on Thursday, April 11. Morgan Stanley lowered their price objective on shares of The Hartford Financial Services Group from $110.00 to $109.00 and gave the company an “equalweight” rating in a research report on Friday, April 26. Finally, The Goldman Sachs Group raised their price objective on shares of The Hartford Financial Services Group from $92.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, April 12. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, The Hartford Financial Services Group currently has an average rating of “Moderate Buy” and an average price target of $105.88.

Get our latest analysis on HIG

Hartford Financial Services Group is trading 2.2% higher

NYSE HIG opened at $103.45 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.29. The company has a market cap of $30.60 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 0.85 and a beta of 0.90. The company has a 50-day moving average of $100.18 and a 200-day moving average of $91.34. The Hartford Financial Services Group, Inc. has a 52-week low of $67.42 and a 52-week high of $103.64.

Hartford Financial Services Group (NYSE:HIG – Get Free Report) posted its latest quarterly earnings data on Thursday, April 25. The insurer reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.09). The company had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.51 billion. The Hartford Financial Services Group had a return on equity of 20.64% and a net margin of 10.87%. The company’s revenue increased by 8.6% compared to the same quarter last year. In the same quarter last year, the company earned $1.68 in earnings per share. As a group, sell-side analysts predict that The Hartford Financial Services Group, Inc. will record a profit per share of 9.94 for the current financial year.

Dividend announcement from Hartford Financial Services Group

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2. Shareholders of record on Monday, June 3 will receive a dividend of $0.47 per share. The ex-dividend date is Monday, June 3. This represents an annualized dividend of $1.88 and a yield of 1.82%. Hartford Financial Services Group’s payout ratio is 21.36%.

Insider Buying and Selling at The Hartford Financial Services Group

In other news from The Hartford Financial Services Group, EVP Michael R. Fisher sold 27,004 shares of the company’s stock in a transaction that occurred on Wednesday, March 13. The shares were sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the transaction, the executive vice president now owns 18,906 shares of the company’s stock, valued at approximately $1,869,803.40. The sale was disclosed in a document filed with the Securities & Exchange Commission and available on the SEC’s website. In other news, EVP Michael R. Fisher sold 27,004 shares of the company’s stock in a transaction on Wednesday, March 13. The shares sold at an average price of $98.90, for a total value of $2,670,695.60. Following the sale, the executive vice president now directly owns 18,906 shares of the company’s stock, valued at approximately $1,869,803.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, EVP Jonathan R. Bennett sold 18,335 shares of the company’s stock in a transaction on Thursday, May 9. The shares were sold at an average price of $100.78, for a total transaction of $1,847,801.30. Following the completion of the sale, the executive vice president now directly owns 25,643 shares of the company’s stock, valued at $2,584,301.54. The explanation of this sale can be found here. In the last quarter, insiders sold 117,415 shares of the company’s stock worth $11,705,195. 1.60% of the shares are owned by business insiders.

The Hartford Financial Services Group Profile

(Free report)

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business clients in the United States, the United Kingdom and internationally. The Commercial Lines segment offers insurance coverages including workers’ compensation, property, auto, general and professional liability, package insurance, umbrella insurance, fidelity and security, marine, livestock, casualty, health and reinsurance through regional offices, branches, sales and policyholders. service centers, independent retail agents and brokers, wholesale agents and reinsurance brokers.

Also see

Would you like to see which other hedge funds HIG holds? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for The Hartford Financial Services Group, Inc. (NYSE:HIG – Free Report).

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



Get daily news and reviews for Hartford Financial Services Group – Enter your email address below to receive a daily summary of the latest news and analyst ratings for The Hartford Financial Services Group and affiliates with MarketBeat.com’s FREE daily email newsletter.