The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC reduced its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,655 shares of the insurance provider's stock after selling 2,090 shares during the quarter. Connecticut Wealth Management LLC's holdings in The Hartford Financial Services Group were worth $1,056,000 at the end of the most recent quarter.Other large investors also recently made changes to their positions in the company. City National Bank of Florida MSD acquired a new stake in The Hartford Financial Services Group during the 4th quarter valued at approximately $304,000. JT Stratford LLC acquired a new stake in shares of The Hartford Financial Services Group during the fourth quarter worth approximately $1,523,000. EDENTREE ASSET MANAGEMENT Ltd increased its stake in shares of The Hartford Financial Services Group by 16.6% in the fourth quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 71,700 shares of the insurance provider's stock worth $7,845,000 after buying an additional 10,190 shares during the last quarter. CSS LLC IL acquired a new stake in The Hartford Financial Services Group in the fourth quarter valued at $899,000. Finally, Continuum Advisory LLC grew its holdings in The Hartford Financial Services Group by 4.1% during the 4th quarter. Continuum Advisory LLC now owns 37,286 shares of the insurance provider's stock worth $4,079,000 after acquiring an additional 1,465 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company's stock. Analyst Upgrades and DowngradesA number of research firms recently commented on HIG. Piper Sandler lifted their price target on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Raymond James lifted their price objective on shares of The Hartford Financial Services Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. UBS Group raised their price target on shares of The Hartford Financial Services Group from $139.00 to $142.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. StockNews.com raised shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on The Hartford Financial Services Group from $125.00 to $129.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.71.View Our Latest Research Report on The Hartford Financial Services GroupInsider Transactions at The Hartford Financial Services GroupIn other news, SVP Allison G. Niderno sold 1,086 shares of the firm's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $119.42, for a total transaction of $129,690.12. Following the completion of the sale, the senior vice president now directly owns 622 shares of the company's stock, valued at $74,279.24. This trade represents a 63.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher Swift sold 98,061 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $120.39, for a total value of $11,805,563.79. Following the sale, the chief executive officer now directly owns 211,082 shares in the company, valued at $25,412,161.98. This trade represents a 31.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,429 shares of company stock valued at $13,618,028 in the last quarter. Insiders own 1.60% of the company's stock. The Hartford Financial Services Group Price PerformanceShares of NYSE:HIG opened at $129.66 on Thursday. The stock's 50 day moving average price is $121.48 and its 200 day moving average price is $116.66. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market cap of $36.84 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.12 and a beta of 0.70. The Hartford Financial Services Group, Inc. has a 12 month low of $98.16 and a 12 month high of $132.09. The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last announced its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.05. The business had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.97 billion. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $2.34 earnings per share. Equities research analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current fiscal year. The Hartford Financial Services Group Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.60%. The Hartford Financial Services Group's dividend payout ratio is currently 20.74%. About The Hartford Financial Services Group (Free Report)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.See AlsoFive stocks we like better than The Hartford Financial Services GroupWhat Are Treasury Bonds?5 Reasons You Will Be Glad You Bought Target in 20253 Fintech Stocks With Good 2021 ProspectsModerna Stock Looks Ripe for a Short SqueezeWhat is a buyback in stocks? A comprehensive guide for investors$30B AI Opportunity: Will It Power Meta’s Next Surge?Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in The Hartford Financial Services Group Right Now?Before you consider The Hartford Financial Services Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Hartford Financial Services Group wasn't on the list.While The Hartford Financial Services Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here