Personal CFO Solutions LLC Purchases 202 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Personal CFO Solutions LLC grew its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,978 shares of the insurance provider’s stock after purchasing an additional 202 shares during the quarter. Personal CFO Solutions LLC’s holdings in The Hartford Financial Services Group were worth $286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raleigh Capital Management Inc. raised its stake in shares of The Hartford Financial Services Group by 72.4% during the first quarter. Raleigh Capital Management Inc. now owns 362 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 152 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in The Hartford Financial Services Group by 120.6% during the 1st quarter. Jones Financial Companies Lllp now owns 375 shares of the insurance provider’s stock worth $26,000 after buying an additional 205 shares during the period. Quarry LP bought a new stake in shares of The Hartford Financial Services Group in the 1st quarter valued at about $31,000. Massmutual Trust Co. FSB ADV increased its stake in shares of The Hartford Financial Services Group by 63.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the insurance provider’s stock valued at $38,000 after buying an additional 204 shares during the period. Finally, TCI Wealth Advisors Inc. raised its position in shares of The Hartford Financial Services Group by 41.3% during the first quarter. TCI Wealth Advisors Inc. now owns 616 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 180 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HIG has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on The Hartford Financial Services Group from $89.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, October 17th. Oppenheimer started coverage on shares of The Hartford Financial Services Group in a research report on Thursday. They set a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on The Hartford Financial Services Group in a research report on Wednesday, October 4th. They issued a “hold” rating and a $85.00 price objective for the company. StockNews.com assumed coverage on The Hartford Financial Services Group in a research report on Thursday, October 5th. They set a “buy” rating on the stock. Finally, Barclays dropped their price target on The Hartford Financial Services Group from $87.00 to $83.00 in a research note on Friday, July 28th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.43.

Insider Buying and Selling at The Hartford Financial Services Group

In other news, EVP Stephanie C. Bush sold 5,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $72.74, for a total transaction of $363,700.00. Following the completion of the transaction, the executive vice president now owns 10,063 shares in the company, valued at approximately $731,982.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 6,003 shares of company stock worth $436,159 over the last three months. 1.80% of the stock is currently owned by insiders.

The Hartford Financial Services Group Stock Up 0.2 %

The Hartford Financial Services Group stock opened at $76.54 on Monday. The firm has a market capitalization of $23.02 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 1.32 and a beta of 0.82. The firm’s fifty day moving average price is $72.46 and its two-hundred day moving average price is $71.88. The Hartford Financial Services Group, Inc. has a 1-year low of $64.25 and a 1-year high of $79.44. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.33.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.34. The Hartford Financial Services Group had a return on equity of 19.05% and a net margin of 9.62%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. The Hartford Financial Services Group’s revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts predict that The Hartford Financial Services Group, Inc. will post 8.16 earnings per share for the current fiscal year.

The Hartford Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 1st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.46%. This is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, November 30th. The Hartford Financial Services Group’s payout ratio is presently 23.32%.

About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc 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, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.