Hartford insurance EVP Costello sells $4.36m in HIG stock

Published 05/08/2025, 21:28
Hartford insurance EVP Costello sells $4.36m in HIG stock

Beth Ann Costello, Executive Vice President and CFO of Hartford Insurance Group, INC. (NYSE:HIG), a $35.86 billion market cap insurer trading near its 52-week high, sold 35,340 shares of company stock on August 4, 2025, at a price of $123.50, totaling $4,364,490. According to InvestingPro analysis, the company is currently trading above its Fair Value, with shares up 16.34% year-to-date.

On the same day, Costello exercised options to acquire 35,340 shares of Hartford Insurance Group at a price of $48.89, for a total value of $1,727,772.

On August 1, Costello also gifted 10,000 shares of Common Stock to a charitable donor-advised fund. The shares were disposed of at a price of $0.

In other recent news, Hartford Financial Services reported a strong performance in the second quarter of 2025, exceeding earnings per share (EPS) expectations. The company reported an EPS of $3.41, surpassing the forecasted $2.84 by 20.07%. However, there was a slight revenue miss, with actual revenue at $6.99 billion compared to the anticipated $7.04 billion. Despite this, the market reacted positively to the earnings release, reflecting investor confidence in the company’s financial health. Keefe, Bruyette & Woods responded to these results by raising their price target for Hartford Financial Services to $137 from $135, while maintaining an Outperform rating. The firm cited the company’s outperformance as a key factor in adjusting its forecasts. These developments indicate a period of robust financial activity for Hartford Financial Services.

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