Assetmark Inc. Increases Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Assetmark Inc. grew its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 1.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 887,379 shares of the insurance provider's stock after acquiring an additional 14,408 shares during the period. Assetmark Inc. owned about 0.31% of The Hartford Financial Services Group worth $97,079,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HIG. Smithfield Trust Co grew its stake in shares of The Hartford Financial Services Group by 26.7% in the 4th quarter. Smithfield Trust Co now owns 475 shares of the insurance provider's stock worth $51,000 after buying an additional 100 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of The Hartford Financial Services Group by 4.5% in the 4th quarter. Victory Capital Management Inc. now owns 4,701,675 shares of the insurance provider's stock worth $514,363,000 after buying an additional 202,487 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of The Hartford Financial Services Group in the 4th quarter worth approximately $656,000. Bahl & Gaynor Inc. lifted its position in The Hartford Financial Services Group by 8.5% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,457,147 shares of the insurance provider's stock valued at $159,412,000 after acquiring an additional 114,716 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in The Hartford Financial Services Group by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,913,914 shares of the insurance provider's stock valued at $209,382,000 after acquiring an additional 39,585 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BMO Capital Markets upped their price objective on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. Keefe, Bruyette & Woods raised their price target on 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. Royal Bank of Canada restated 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, February 25th. Finally, Wells Fargo & Company dropped their price target on The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.94.

The Hartford Financial Services Group Price Performance

Shares of HIG stock traded up $1.23 during trading hours on Friday, hitting $117.92. The stock had a trading volume of 2,103,973 shares, compared to its average volume of 1,759,636. The stock's 50-day moving average price is $112.46 and its two-hundred day moving average price is $114.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The Hartford Financial Services Group, Inc. has a one year low of $94.47 and a one year high of $124.90. The stock has a market capitalization of $33.65 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.12 and a beta of 0.91.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, topping the consensus estimate 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%. Equities analysts forecast that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd will be given 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 1.76%. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 20.10%.

The Hartford Financial Services Group Company 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.