7,592 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Purchased by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd bought a new position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,592 shares of the insurance provider's stock, valued at approximately $831,000.

A number of other institutional investors have also recently made changes to their positions in HIG. Geode Capital Management LLC boosted its stake in The Hartford Financial Services Group by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 7,251,389 shares of the insurance provider's stock valued at $792,796,000 after purchasing an additional 81,495 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of The Hartford Financial Services Group by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 4,701,675 shares of the insurance provider's stock valued at $514,363,000 after buying an additional 202,487 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of The Hartford Financial Services Group by 17.3% during the fourth quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock valued at $430,272,000 after buying an additional 581,103 shares during the last quarter. Norges Bank bought a new stake in The Hartford Financial Services Group in the 4th quarter worth about $416,340,000. Finally, Massachusetts Financial Services Co. MA raised its position in The Hartford Financial Services Group by 0.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,448,982 shares of the insurance provider's stock worth $377,319,000 after buying an additional 25,053 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HIG. Raymond James lifted their price target on shares of The Hartford Financial Services Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, March 31st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $125.00 target price on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. Piper Sandler increased their price target on The Hartford Financial Services Group from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. lifted their price objective on The Hartford Financial Services Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Wells Fargo & Company lowered their target price on The Hartford Financial Services Group from $126.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.24.

Insiders Place Their Bets

In related news, CEO Christopher Swift sold 98,061 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $120.39, for a total value of $11,805,563.79. Following the sale, the chief executive officer now directly owns 211,082 shares in the company, valued at approximately $25,412,161.98. The trade was a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert W. Paiano sold 13,138 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $117.20, for a total value of $1,539,773.60. Following the transaction, the executive vice president now owns 31,678 shares of the company's stock, valued at $3,712,661.60. This represents a 29.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 112,343 shares of company stock worth $13,488,337 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

The Hartford Financial Services Group Price Performance

HIG traded up $1.08 on Friday, hitting $115.87. 551,555 shares of the company's stock traded hands, compared to its average volume of 1,584,254. The company's 50 day simple moving average is $116.52 and its 200-day simple moving average is $115.34. 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 Hartford Financial Services Group, Inc. has a one year low of $94.47 and a one year high of $125.08. The firm has a market cap of $33.07 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 1.12 and a beta of 0.68.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (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%. As a group, research analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Monday, March 3rd. The Hartford Financial Services Group's payout ratio is currently 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.