UMB Bank N A MO Has $732,000 Position in Hartford Financial Services Group Inc (NYSE:HIG)

UMB Bank N A MO trimmed its position in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 68.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,720 shares of the insurance provider’s stock after selling 32,357 shares during the period. UMB Bank N A MO’s holdings in Hartford Financial Services Group were worth $732,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its stake in shares of Hartford Financial Services Group by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the insurance provider’s stock valued at $945,000 after buying an additional 200 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Hartford Financial Services Group by 11.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,140 shares of the insurance provider’s stock valued at $95,000 after buying an additional 224 shares during the period. Parallel Advisors LLC boosted its stake in shares of Hartford Financial Services Group by 20.0% during the 4th quarter. Parallel Advisors LLC now owns 1,553 shares of the insurance provider’s stock valued at $69,000 after buying an additional 259 shares during the period. Shelton Capital Management boosted its stake in shares of Hartford Financial Services Group by 7.1% during the 4th quarter. Shelton Capital Management now owns 4,522 shares of the insurance provider’s stock valued at $201,000 after buying an additional 300 shares during the period. Finally, Riverview Trust Co boosted its stake in shares of Hartford Financial Services Group by 55.8% during the 1st quarter. Riverview Trust Co now owns 849 shares of the insurance provider’s stock valued at $42,000 after buying an additional 304 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

A number of brokerages have issued reports on HIG. Zacks Investment Research lowered shares of Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Monday. Wells Fargo & Co reissued a “hold” rating and set a $56.00 target price on shares of Hartford Financial Services Group in a research note on Thursday, May 2nd. Barclays lifted their target price on shares of Hartford Financial Services Group from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. ValuEngine raised shares of Hartford Financial Services Group from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, TheStreet raised shares of Hartford Financial Services Group from a “c+” rating to a “b-” rating in a research note on Thursday, March 14th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $57.67.

In related news, insider Martha Gervasi sold 5,039 shares of Hartford Financial Services Group stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $52.87, for a total value of $266,411.93. Following the transaction, the insider now owns 15,210 shares in the company, valued at approximately $804,152.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Trevor Fetter bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average price of $52.19 per share, for a total transaction of $521,900.00. Following the acquisition, the director now directly owns 50,945 shares in the company, valued at $2,658,819.55. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 15,039 shares of company stock valued at $778,412. 1.70% of the stock is owned by company insiders.

Shares of HIG stock traded down $0.08 on Friday, hitting $53.24. The company’s stock had a trading volume of 2,455,430 shares, compared to its average volume of 2,129,253. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. Hartford Financial Services Group Inc has a fifty-two week low of $40.54 and a fifty-two week high of $54.28. The firm has a market cap of $19.32 billion, a PE ratio of 12.30, a PEG ratio of 1.10 and a beta of 0.73.

Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.15. Hartford Financial Services Group had a net margin of 9.58% and a return on equity of 12.46%. The business had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same quarter in the previous year, the business earned $1.27 EPS. Hartford Financial Services Group’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, analysts forecast that Hartford Financial Services Group Inc will post 5.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, May 31st. Hartford Financial Services Group’s payout ratio is presently 27.71%.

Hartford Financial Services Group declared that its Board of Directors has approved a stock repurchase program on Monday, February 4th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to buy up to 5.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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Hartford Financial Services Group Company Profile

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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