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Cerity Partners boosts stake in The Hartford amid strong earnings but executive stock sales.
Financial firm Cerity Partners LLC increased its stake in The Hartford Financial Services Group, now holding 70,747 shares valued at $7.83 million.
The company reported strong earnings of $2.94 per share, surpassing estimates.
However, executives sold significant stock portions recently.
The Hartford's stock, with a dividend yield of 20.10%, is rated a "Moderate Buy" with a target price of $124.13 and currently trades at $116.05.
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Cerity Partners aumenta la participación en The Hartford en medio de fuertes ganancias pero ventas de acciones ejecutivas.