Headlands Technologies LLC Increases Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Headlands Technologies LLC boosted its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 6,198.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,684 shares of the insurance provider’s stock after purchasing an additional 7,562 shares during the period. Headlands Technologies LLC’s holdings in The Hartford Financial Services Group were worth $618,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of HIG. GoalVest Advisory LLC boosted its position in The Hartford Financial Services Group by 464.8% in 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 during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in The Hartford Financial Services Group in the fourth quarter worth about $26,000. CVA Family Office LLC purchased a new position in The Hartford Financial Services Group in the fourth quarter worth about $27,000. Chilton Capital Management LLC bought a new position in shares of The Hartford Financial Services Group in the fourth quarter worth about $28,000. Finally, Selway Asset Management purchased a new position in shares of The Hartford Financial Services Group during the 3rd quarter valued at about $29,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, CFO Beth Ann Costello sold 38,915 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.42, for a total value of $3,713,269.30. Following the transaction, the chief financial officer now owns 69,169 shares of the company’s stock, valued at approximately $6,600,105.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP David C. Robinson sold 15,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $89.64, for a total transaction of $1,344,600.00. Following the transaction, the executive vice president now owns 8,201 shares of the company’s stock, valued at approximately $735,137.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Beth Ann Costello sold 38,915 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $95.42, for a total value of $3,713,269.30. Following the transaction, the chief financial officer now directly owns 69,169 shares in the company, valued at approximately $6,600,105.98. The disclosure for this sale can be found here. Insiders have sold 106,501 shares of company stock valued at $10,141,126 in the last quarter. 1.60% of the stock is owned by insiders.

The Hartford Financial Services Group Trading Down 3.8 %

Shares of NYSE HIG traded down $3.79 during trading hours on Friday, hitting $95.30. 2,889,683 shares of the company traded hands, compared to its average volume of 1,622,156. The stock has a market capitalization of $28.33 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.40 and a beta of 0.89. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average price is $98.50 and its 200 day moving average price is $86.23. The Hartford Financial Services Group, Inc. has a 12 month low of $67.05 and a 12 month high of $103.64.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, April 25th. The insurance provider 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 net margin of 10.87% and a return on equity of 21.04%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 EPS. On average, equities research analysts anticipate that The Hartford Financial Services Group, Inc. will post 10.13 earnings per share for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.97%. The ex-dividend date was Friday, March 1st. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 21.36%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HIG shares. 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 research report on Friday. Evercore ISI lifted their price objective on 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 11th. Wells Fargo & Company lifted their price objective on The Hartford Financial Services Group from $106.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price objective on The Hartford Financial Services Group from $114.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Finally, Roth Mkm boosted their price target on The Hartford Financial Services Group from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, The Hartford Financial Services Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.81.

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.