Christopher Swift Sells 956 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) Stock

The Hartford Financial Services Group, Inc. (NYSE:HIGGet Free Report) CEO Christopher Swift sold 956 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $86.00, for a total value of $82,216.00. Following the completion of the sale, the chief executive officer now directly owns 170,180 shares of the company’s stock, valued at approximately $14,635,480. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Christopher Swift also recently made the following trade(s):

  • On Wednesday, January 24th, Christopher Swift sold 94,807 shares of The Hartford Financial Services Group stock. The shares were sold at an average price of $86.65, for a total value of $8,215,026.55.
  • On Friday, January 19th, Christopher Swift sold 46,818 shares of The Hartford Financial Services Group stock. The stock was sold at an average price of $84.71, for a total value of $3,965,952.78.
  • On Wednesday, January 17th, Christopher Swift sold 4,633 shares of The Hartford Financial Services Group stock. The shares were sold at an average price of $83.06, for a total value of $384,816.98.
  • On Friday, January 12th, Christopher Swift sold 2,290 shares of The Hartford Financial Services Group stock. The shares were sold at an average price of $83.15, for a total value of $190,413.50.
  • On Friday, January 5th, Christopher Swift sold 3,337 shares of The Hartford Financial Services Group stock. The stock was sold at an average price of $83.00, for a total transaction of $276,971.00.
  • On Friday, December 15th, Christopher Swift sold 53,596 shares of The Hartford Financial Services Group stock. The shares were sold at an average price of $80.23, for a total transaction of $4,300,007.08.
  • On Monday, December 18th, Christopher Swift sold 47,033 shares of The Hartford Financial Services Group stock. The stock was sold at an average price of $80.41, for a total value of $3,781,923.53.
  • On Friday, December 1st, Christopher Swift sold 69,248 shares of The Hartford Financial Services Group stock. The stock was sold at an average price of $78.09, for a total transaction of $5,407,576.32.

The Hartford Financial Services Group Trading Up 0.8 %

Shares of NYSE HIG opened at $87.12 on Friday. The Hartford Financial Services Group, Inc. has a 1-year low of $64.25 and a 1-year high of $87.34. The stock has a market capitalization of $26.20 billion, a P/E ratio of 11.95, a PEG ratio of 1.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50 day moving average is $80.47 and its two-hundred day moving average is $75.25.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last announced its quarterly earnings data 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 company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.17 billion. The Hartford Financial Services Group had a return on equity of 19.05% and a net margin of 9.62%. The Hartford Financial Services Group’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.44 earnings per share. As a group, research analysts expect that The Hartford Financial Services Group, Inc. will post 8.24 EPS for the current year.

Analyst Ratings Changes

HIG has been the topic of a number of research analyst reports. Raymond James boosted their target price on The Hartford Financial Services Group from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Wells Fargo & Company decreased their target price on shares of The Hartford Financial Services Group from $89.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 17th. Oppenheimer started coverage on shares of The Hartford Financial Services Group in a research note on Thursday, November 16th. They issued a “market perform” rating on the stock. Piper Sandler increased their target price on The Hartford Financial Services Group from $93.00 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. Finally, Deutsche Bank Aktiengesellschaft started coverage on The Hartford Financial Services Group in a research report on Wednesday, October 4th. They set a “hold” rating and a $85.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $85.85.

View Our Latest Analysis on The Hartford Financial Services Group

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Guidance Capital Inc. purchased a new stake in The Hartford Financial Services Group during the 2nd quarter valued at about $514,000. Diversified Trust Co purchased a new stake in The Hartford Financial Services Group in the second quarter valued at approximately $785,000. Signaturefd LLC increased its holdings in The Hartford Financial Services Group by 24.8% in the 2nd quarter. Signaturefd LLC now owns 4,576 shares of the insurance provider’s stock worth $330,000 after buying an additional 910 shares during the period. Private Trust Co. NA lifted its stake in The Hartford Financial Services Group by 79.5% during the 2nd quarter. Private Trust Co. NA now owns 2,527 shares of the insurance provider’s stock valued at $182,000 after acquiring an additional 1,119 shares during the period. Finally, Summit Trail Advisors LLC acquired a new stake in The Hartford Financial Services Group during the 2nd quarter valued at approximately $237,000. 90.81% of the stock is owned by institutional investors and hedge funds.

About The Hartford Financial Services Group

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for The Hartford Financial Services Group (NYSE:HIG)

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