Hartford Financial Services Group Inc (NYSE:HIG) saw unusually large options trading activity on Thursday. Stock traders bought 6,609 put options on the stock. This represents an increase of approximately 961% compared to the average daily volume of 623 put options.

Shares of NYSE HIG traded up $0.39 during midday trading on Friday, hitting $60.32. The company had a trading volume of 1,897,300 shares, compared to its average volume of 2,058,125. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.27. Hartford Financial Services Group has a twelve month low of $40.54 and a twelve month high of $60.77. The business has a 50-day simple moving average of $58.49 and a two-hundred day simple moving average of $54.06. The firm has a market capitalization of $21.84 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.19 and a beta of 0.64.

Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, August 1st. The insurance provider reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.22. Hartford Financial Services Group had a net margin of 8.36% and a return on equity of 12.44%. The firm had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter last year, the business earned $1.13 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts forecast that Hartford Financial Services Group will post 5.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, August 30th. Hartford Financial Services Group’s dividend payout ratio (DPR) is 27.71%.

Several analysts have recently commented on HIG shares. Zacks Investment Research cut shares of Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Buckingham Research raised their target price on shares of Hartford Financial Services Group from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. B. Riley raised their target price on shares of Hartford Financial Services Group from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. UBS Group raised their target price on shares of Hartford Financial Services Group from $61.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, ValuEngine cut shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $62.08.

In other news, EVP David C. Robinson sold 6,978 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $60.04, for a total value of $418,959.12. Following the completion of the sale, the executive vice president now owns 22,040 shares in the company, valued at approximately $1,323,281.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William A. Bloom sold 7,927 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.48, for a total transaction of $431,862.96. Following the completion of the sale, the insider now owns 23,440 shares of the company’s stock, valued at approximately $1,277,011.20. The disclosure for this sale can be found here. Insiders sold a total of 108,109 shares of company stock valued at $6,084,135 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtus ETF Advisers LLC acquired a new stake in shares of Hartford Financial Services Group in the second quarter valued at about $26,000. NuWave Investment Management LLC lifted its stake in shares of Hartford Financial Services Group by 950.0% in the second quarter. NuWave Investment Management LLC now owns 504 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 456 shares during the period. Rational Advisors LLC lifted its stake in shares of Hartford Financial Services Group by 950.0% in the second quarter. Rational Advisors LLC now owns 504 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 456 shares during the period. Icon Wealth Partners LLC acquired a new stake in shares of Hartford Financial Services Group in the first quarter valued at about $33,000. Finally, Prestige Wealth Management Group LLC acquired a new stake in shares of Hartford Financial Services Group in the second quarter valued at about $39,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

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.

Featured Article: What is a management fee?

Receive News & Ratings for Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.