Regent Investment Management LLC Has $518,000 Stock Position in Hartford Financial Services Group Inc (NYSE:HIG)

Regent Investment Management LLC grew its stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 6.9% during the 3rd quarter, Holdings Channel reports. The firm owned 8,549 shares of the insurance provider’s stock after buying an additional 549 shares during the period. Regent Investment Management LLC’s holdings in Hartford Financial Services Group were worth $518,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IFM Investors Pty Ltd increased its position in shares of Hartford Financial Services Group by 14.7% during the 2nd quarter. IFM Investors Pty Ltd now owns 26,441 shares of the insurance provider’s stock worth $1,473,000 after purchasing an additional 3,387 shares during the last quarter. Foundry Partners LLC increased its position in shares of Hartford Financial Services Group by 0.6% during the 2nd quarter. Foundry Partners LLC now owns 241,956 shares of the insurance provider’s stock worth $13,482,000 after purchasing an additional 1,500 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Hartford Financial Services Group by 46.0% during the 2nd quarter. Schroder Investment Management Group now owns 75,841 shares of the insurance provider’s stock worth $4,226,000 after purchasing an additional 23,879 shares during the last quarter. Aries Wealth Management acquired a new position in shares of Hartford Financial Services Group during the 2nd quarter worth approximately $202,000. Finally, CSat Investment Advisory L.P. increased its position in shares of Hartford Financial Services Group by 135.9% during the 2nd quarter. CSat Investment Advisory L.P. now owns 821 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 473 shares during the last quarter. 91.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HIG stock traded up $0.57 during trading on Friday, reaching $59.20. 1,130,267 shares of the company’s stock were exchanged, compared to its average volume of 1,680,013. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $21.51 billion, a PE ratio of 13.67, a PEG ratio of 1.18 and a beta of 0.64. Hartford Financial Services Group Inc has a twelve month low of $40.54 and a twelve month high of $61.23. The firm’s fifty day moving average price is $59.51 and its 200-day moving average price is $55.90.

Hartford Financial Services Group (NYSE:HIG) last posted its earnings results on Thursday, August 1st. The insurance provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.22. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.07 billion. Hartford Financial Services Group had a return on equity of 12.44% and a net margin of 8.36%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 EPS. As a group, analysts anticipate that Hartford Financial Services Group Inc will post 5.32 EPS for the current fiscal year.

HIG has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on Hartford Financial Services Group to $68.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. UBS Group boosted their price target on Hartford Financial Services Group from $61.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Morgan Stanley boosted their price target on Hartford Financial Services Group from $58.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 15th. B. Riley boosted their price target on Hartford Financial Services Group from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, ValuEngine lowered Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. Hartford Financial Services Group has a consensus rating of “Buy” and a consensus target price of $62.36.

In related news, EVP Brion S. Johnson sold 3,299 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $60.79, for a total transaction of $200,546.21. Following the transaction, the executive vice president now directly owns 23,649 shares of the company’s stock, valued at approximately $1,437,622.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher Swift sold 24,279 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $60.32, for a total value of $1,464,509.28. Following the transaction, the chief executive officer now directly owns 211,218 shares in the company, valued at $12,740,669.76. The disclosure for this sale can be found here. Insiders have sold a total of 70,481 shares of company stock worth $4,200,698 over the last three months. 1.70% of the stock is owned by insiders.

About Hartford Financial Services Group

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.

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Institutional Ownership by Quarter for Hartford Financial Services Group (NYSE:HIG)

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