Allspring Global Investments Holdings LLC Buys 54,224 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Allspring Global Investments Holdings LLC grew its position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 70.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,739 shares of the insurance provider's stock after purchasing an additional 54,224 shares during the period. Allspring Global Investments Holdings LLC's holdings in The Hartford Financial Services Group were worth $14,365,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HIG. DT Investment Partners LLC acquired a new position in shares of The Hartford Financial Services Group in the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in The Hartford Financial Services Group by 3,342.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock worth $26,000 after buying an additional 234 shares in the last quarter. Barrett & Company Inc. increased its position in The Hartford Financial Services Group by 46.5% in the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock valued at $32,000 after acquiring an additional 93 shares in the last quarter. BNP Paribas bought a new position in shares of The Hartford Financial Services Group in the third quarter worth about $35,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of The Hartford Financial Services Group during the third quarter worth approximately $40,000. Institutional investors own 93.42% of the company's stock.

The Hartford Financial Services Group Stock Down 0.9 %

Shares of NYSE:HIG traded down $1.00 during midday trading on Friday, reaching $111.37. 2,403,711 shares of the company were exchanged, compared to its average volume of 1,670,514. The firm has a market cap of $32.28 billion, a PE ratio of 10.76, a P/E/G ratio of 1.13 and a beta of 0.97. The Hartford Financial Services Group, Inc. has a fifty-two week low of $93.78 and a fifty-two week high of $124.90. The stock has a fifty day simple moving average of $110.96 and a two-hundred day simple moving average of $114.05. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.26. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. As a group, sell-side analysts forecast that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.08 annualized dividend and a dividend yield of 1.87%. The Hartford Financial Services Group's dividend payout ratio is currently 20.10%.

Analysts Set New Price Targets

HIG has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. BMO Capital Markets boosted their price objective on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a "market perform" rating in a report on Wednesday, November 27th. Wells Fargo & Company lowered their price target on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Piper Sandler increased their price objective on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Barclays raised shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $130.00 to $135.00 in a report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, The Hartford Financial Services Group presently has a consensus rating of "Moderate Buy" and an average price target of $122.94.

The Hartford Financial Services Group Profile

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.