Czech National Bank Sells 384 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Czech National Bank reduced its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,726 shares of the insurance provider’s stock after selling 384 shares during the quarter. Czech National Bank’s holdings in The Hartford Financial Services Group were worth $2,645,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Raleigh Capital Management Inc. increased its holdings in The Hartford Financial Services Group by 72.4% in the 1st quarter. Raleigh Capital Management Inc. now owns 362 shares of the insurance provider’s stock valued at $25,000 after buying an additional 152 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of 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 valued at $26,000 after purchasing an additional 205 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of The Hartford Financial Services Group during the 4th quarter valued at approximately $29,000. Arlington Partners LLC bought a new stake in shares of The Hartford Financial Services Group during the 1st quarter valued at approximately $27,000. Finally, MV Capital Management Inc. grew its holdings in shares of The Hartford Financial Services Group by 372.7% during the 1st quarter. MV Capital Management Inc. now owns 416 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 328 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Insider Buying and Selling at The Hartford Financial Services Group

In other news, EVP Stephanie C. Bush sold 3,500 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $72.40, for a total value of $253,400.00. Following the completion of the sale, the executive vice president now owns 15,063 shares in the company, valued at approximately $1,090,561.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 4,508 shares of company stock worth $326,053. 1.80% of the stock is owned by corporate insiders.

The Hartford Financial Services Group Stock Up 0.4 %

The Hartford Financial Services Group stock opened at $73.28 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.32. The Hartford Financial Services Group, Inc. has a 12-month low of $60.17 and a 12-month high of $79.44. The firm’s fifty day moving average is $72.57 and its 200 day moving average is $71.06. The company has a market capitalization of $22.41 billion, a PE ratio of 11.78, a PEG ratio of 1.34 and a beta of 0.86.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.03. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.09 billion. The Hartford Financial Services Group had a net margin of 8.53% and a return on equity of 17.54%. As a group, sell-side analysts predict that The Hartford Financial Services Group, Inc. will post 7.8 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 1st will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, August 31st. This represents a $1.70 dividend on an annualized basis and a yield of 2.32%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 27.33%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HIG. Morgan Stanley assumed coverage on shares of The Hartford Financial Services Group in a report on Tuesday, June 20th. They set an “equal weight” rating and a $71.00 price target on the stock. Piper Sandler cut their target price on shares of The Hartford Financial Services Group from $94.00 to $93.00 and set an “overweight” rating on the stock in a research report on Monday, July 31st. Barclays cut their target price on shares of The Hartford Financial Services Group from $87.00 to $83.00 in a research report on Friday, July 28th. Citigroup cut their target price on shares of The Hartford Financial Services Group from $87.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Finally, StockNews.com assumed coverage on shares of The Hartford Financial Services Group in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and a consensus target price of $85.46.

The Hartford Financial Services Group Profile

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.