The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 643,235 shares of the insurance provider's stock after purchasing an additional 40,672 shares during the period. American Century Companies Inc. owned about 0.22% of The Hartford Financial Services Group worth $70,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mizuho Securities USA LLC raised its stake in shares of The Hartford Financial Services Group by 44.6% during the 4th quarter. Mizuho Securities USA LLC now owns 27,475 shares of the insurance provider's stock worth $3,006,000 after buying an additional 8,475 shares during the period. Virtu Financial LLC purchased a new stake in The Hartford Financial Services Group in the 4th quarter worth $621,000. Quantbot Technologies LP acquired a new position in The Hartford Financial Services Group during the fourth quarter worth $1,738,000. 1620 Investment Advisors Inc. lifted its holdings in The Hartford Financial Services Group by 20.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 759 shares of the insurance provider's stock valued at $83,000 after purchasing an additional 129 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of The Hartford Financial Services Group in the fourth quarter valued at about $305,000. Hedge funds and other institutional investors own 93.42% of the company's stock.

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The Hartford Financial Services Group Trading Down 0.6 %

HIG stock traded down $0.77 during trading on Friday, reaching $122.21. 1,324,792 shares of the stock were exchanged, compared to its average volume of 1,576,175. The business has a 50 day moving average price of $115.52 and a 200-day moving average price of $115.26. The Hartford Financial Services Group, Inc. has a 1 year low of $94.47 and a 1 year high of $124.90. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $34.88 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 1.12 and a beta of 0.91.

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

The Hartford Financial Services Group Dividend Announcement

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 $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 20.10%.

Insider Transactions at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, CEO Christopher Swift sold 98,061 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $120.39, for a total value of $11,805,563.79. Following the transaction, the chief executive officer now owns 211,082 shares of the company's stock, valued at $25,412,161.98. This represents a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert W. Paiano sold 13,138 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $117.20, for a total transaction of $1,539,773.60. Following the transaction, the executive vice president now directly owns 31,678 shares of the company's stock, valued at approximately $3,712,661.60. This trade represents a 29.32 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HIG. Wells Fargo & Company reduced 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 target price on 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $125.00 price target on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. StockNews.com downgraded The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, The Hartford Financial Services Group presently has a consensus rating of "Moderate Buy" and an average price target of $122.94.

About The Hartford Financial Services Group

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.