Bank Julius Baer & Co. Ltd Zurich Has $267,000 Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Bank Julius Baer & Co. Ltd Zurich lessened its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 16.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,318 shares of the insurance provider’s stock after selling 663 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in The Hartford Financial Services Group were worth $267,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HIG. Invesco Ltd. lifted its holdings in shares of The Hartford Financial Services Group by 1.3% during the 3rd quarter. Invesco Ltd. now owns 7,421,268 shares of the insurance provider’s stock worth $526,242,000 after acquiring an additional 91,911 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of The Hartford Financial Services Group by 26.7% during the 3rd quarter. Victory Capital Management Inc. now owns 5,142,167 shares of the insurance provider’s stock worth $364,631,000 after acquiring an additional 1,083,420 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of The Hartford Financial Services Group by 2.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,503,815 shares of the insurance provider’s stock worth $248,646,000 after acquiring an additional 87,001 shares during the period. Northern Trust Corp lifted its holdings in shares of The Hartford Financial Services Group by 2.7% during the 3rd quarter. Northern Trust Corp now owns 3,363,524 shares of the insurance provider’s stock worth $238,507,000 after acquiring an additional 88,131 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of The Hartford Financial Services Group by 0.9% during the 3rd quarter. Morgan Stanley now owns 3,088,713 shares of the insurance provider’s stock worth $219,021,000 after acquiring an additional 28,092 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Buying and Selling

In related news, EVP David C. Robinson sold 15,000 shares of The Hartford Financial Services Group stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $89.64, for a total transaction of $1,344,600.00. Following the completion of the transaction, the executive vice president now owns 8,201 shares of the company’s stock, valued at $735,137.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other The Hartford Financial Services Group news, SVP Allison G. Niderno sold 1,332 shares of The Hartford Financial Services Group stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $89.74, for a total value of $119,533.68. Following the completion of the sale, the senior vice president now directly owns 630 shares of the company’s stock, valued at $56,536.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David C. Robinson sold 15,000 shares of The Hartford Financial Services Group stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $89.64, for a total transaction of $1,344,600.00. Following the completion of the sale, the executive vice president now directly owns 8,201 shares of the company’s stock, valued at $735,137.64. The disclosure for this sale can be found here. Insiders sold 106,501 shares of company stock valued at $10,141,126 over the last quarter. Insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Price Performance

Shares of NYSE:HIG opened at $95.30 on Friday. The firm has a market cap of $28.33 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The firm’s fifty day moving average is $98.50 and its 200-day moving average is $86.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.32 and a current ratio of 0.32. The Hartford Financial Services Group, Inc. has a 52 week low of $67.05 and a 52 week high of $103.64.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, April 25th. The insurance provider reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.09). The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.51 billion. The Hartford Financial Services Group had a return on equity of 21.04% and a net margin of 10.87%. The Hartford Financial Services Group’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. Sell-side analysts predict that The Hartford Financial Services Group, Inc. will post 10.11 earnings per share for the current year.

The Hartford Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Monday, March 4th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, March 1st. The Hartford Financial Services Group’s dividend payout ratio is presently 21.36%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HIG. Evercore ISI upped their price target on shares of The Hartford Financial Services Group from $96.00 to $104.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. TD Cowen increased their price objective on shares of The Hartford Financial Services Group to $144.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. UBS Group raised their target price on shares of The Hartford Financial Services Group from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Wells Fargo & Company raised their target price on shares of 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. Finally, Morgan Stanley cut their target price on shares of 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. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, The Hartford Financial Services Group has an average rating of “Moderate Buy” and an average target price of $105.81.

About The Hartford Financial Services Group

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.