Regentatlantic Capital LLC Purchases 2,096 Shares of Hartford Financial Services Group Inc (NYSE:HIG)

Regentatlantic Capital LLC raised its position in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 7.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,550 shares of the insurance provider’s stock after acquiring an additional 2,096 shares during the period. Regentatlantic Capital LLC’s holdings in Hartford Financial Services Group were worth $1,591,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Hartford Financial Services Group by 12.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,109,074 shares of the insurance provider’s stock valued at $227,084,000 after acquiring an additional 565,189 shares in the last quarter. Geode Capital Management LLC boosted its position in Hartford Financial Services Group by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 4,622,774 shares of the insurance provider’s stock valued at $205,120,000 after acquiring an additional 353,601 shares in the last quarter. Northern Trust Corp boosted its position in Hartford Financial Services Group by 1.2% during the 1st quarter. Northern Trust Corp now owns 4,109,789 shares of the insurance provider’s stock valued at $204,338,000 after acquiring an additional 49,213 shares in the last quarter. AJO LP boosted its position in Hartford Financial Services Group by 20.2% during the 1st quarter. AJO LP now owns 4,000,770 shares of the insurance provider’s stock valued at $198,918,000 after acquiring an additional 672,129 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in Hartford Financial Services Group by 12.2% during the 1st quarter. Janus Henderson Group PLC now owns 2,514,183 shares of the insurance provider’s stock valued at $125,006,000 after acquiring an additional 273,350 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Martha Gervasi sold 3,672 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $57.95, for a total value of $212,792.40. Following the completion of the transaction, the insider now directly owns 18,882 shares in the company, valued at approximately $1,094,211.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brion S. Johnson sold 32,094 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $55.22, for a total transaction of $1,772,230.68. Following the completion of the transaction, the insider now owns 62,819 shares of the company’s stock, valued at $3,468,865.18. The disclosure for this sale can be found here. Insiders have sold 95,998 shares of company stock valued at $5,289,543 over the last quarter. Company insiders own 1.70% of the company’s stock.

Several research firms have weighed in on HIG. Wells Fargo & Co reaffirmed a “hold” rating and set a $56.00 price objective on shares of Hartford Financial Services Group in a research report on Thursday, May 2nd. Barclays lifted their price objective on Hartford Financial Services Group from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Buckingham Research lifted their price objective on Hartford Financial Services Group from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, July 19th. UBS Group lifted their price objective on Hartford Financial Services Group from $61.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Morgan Stanley lifted their target price on shares of Hartford Financial Services Group from $53.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $60.31.

Shares of HIG stock traded up $0.58 during trading hours on Friday, hitting $57.48. 3,463,858 shares of the company’s stock traded hands, compared to its average volume of 1,640,138. The stock has a fifty day moving average price of $56.62. Hartford Financial Services Group Inc has a 12-month low of $40.54 and a 12-month high of $58.50. The firm has a market cap of $20.78 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.20 and a beta of 0.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32.

Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, August 1st. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.22. Hartford Financial Services Group had a net margin of 9.58% and a return on equity of 12.46%. The firm had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the business earned $1.13 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Hartford Financial Services Group Inc will post 5.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, August 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.09%. Hartford Financial Services Group’s payout ratio is 27.71%.

Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.

Recommended Story: What is an investor looking for in an SEC filing?

Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hartford Financial Services Group Inc (NYSE:HIG).

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

Receive News & Ratings for Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.