Atlas Capital Advisors Inc. Has $361,000 Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Atlas Capital Advisors Inc. decreased its position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 49.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,303 shares of the insurance provider's stock after selling 3,280 shares during the quarter. Atlas Capital Advisors Inc.'s holdings in The Hartford Financial Services Group were worth $361,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in The Hartford Financial Services Group by 3,342.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock worth $26,000 after purchasing an additional 234 shares during the last quarter. Barrett & Company Inc. increased its stake in shares of The Hartford Financial Services Group by 46.5% in the fourth quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock worth $32,000 after purchasing an additional 93 shares during the period. DT Investment Partners LLC lifted its position in shares of The Hartford Financial Services Group by 49.8% during the 4th quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider's stock worth $36,000 after purchasing an additional 110 shares during the last quarter. Flagship Wealth Advisors LLC bought a new stake in The Hartford Financial Services Group during the 4th quarter valued at approximately $36,000. Finally, Key Financial Inc grew its holdings in The Hartford Financial Services Group by 526.3% in the 4th quarter. Key Financial Inc now owns 357 shares of the insurance provider's stock valued at $39,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on HIG. JPMorgan Chase & Co. boosted their price target on The Hartford Financial Services Group from $125.00 to $129.00 and gave the company a "neutral" rating in a research note on Tuesday. Barclays raised shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $130.00 to $135.00 in a research report on Monday, January 6th. Piper Sandler lifted their price objective 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. Wells Fargo & Company lowered their target price on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, StockNews.com downgraded shares of The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.29.

Insider Buying and Selling

In other The Hartford Financial Services Group news, CEO Christopher Swift sold 98,061 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $120.39, for a total transaction of $11,805,563.79. Following the sale, the chief executive officer now directly owns 211,082 shares in the company, valued at $25,412,161.98. This represents a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert W. Paiano sold 13,138 shares of the business'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 transaction of $1,539,773.60. Following the completion of the transaction, the executive vice president now owns 31,678 shares of the company's stock, valued at $3,712,661.60. The trade was a 29.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 112,343 shares of company stock valued at $13,488,337 over the last 90 days. 1.60% of the stock is owned by corporate insiders.

The Hartford Financial Services Group Stock Performance

Shares of The Hartford Financial Services Group stock traded down $1.45 during trading on Thursday, hitting $114.92. 502,151 shares of the stock were exchanged, compared to its average volume of 1,584,418. The Hartford Financial Services Group, Inc. has a 1-year low of $94.47 and a 1-year high of $125.08. The stock has a market capitalization of $32.80 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 1.12 and a beta of 0.68. The company has a fifty day moving average price of $116.47 and a 200-day moving average price of $115.35. 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 (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, 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, equities analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio (DPR) 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.