Atria Wealth Solutions Inc. Makes New Investment in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Atria Wealth Solutions Inc. bought a new stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,589 shares of the insurance provider's stock, valued at approximately $393,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB increased its stake 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 acquiring an additional 581,103 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of The Hartford Financial Services Group by 2.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,234,480 shares of the insurance provider's stock valued at $135,052,000 after buying an additional 34,938 shares during the period. AustralianSuper Pty Ltd boosted its stake in The Hartford Financial Services Group by 265.5% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,213,074 shares of the insurance provider's stock valued at $132,710,000 after buying an additional 881,224 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in The Hartford Financial Services Group by 42.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider's stock worth $110,000,000 after acquiring an additional 277,295 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in The Hartford Financial Services Group by 437.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider's stock worth $95,322,000 after acquiring an additional 709,324 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays raised shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $130.00 to $135.00 in a research note on Monday, January 6th. BMO Capital Markets upped their price target on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a report on Wednesday, November 27th. StockNews.com cut The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Wells Fargo & Company reduced their price objective 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 note on Monday, February 3rd. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $125.00 price target on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Ten 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $122.94.

The Hartford Financial Services Group Stock Performance

Shares of HIG traded up $1.90 during mid-day trading on Monday, hitting $119.66. The company's stock had a trading volume of 1,245,058 shares, compared to its average volume of 1,729,313. The Hartford Financial Services Group, Inc. has a one year low of $94.32 and a one year high of $124.90. The stock's 50-day moving average is $111.72 and its two-hundred day moving average is $114.51. The firm has a market capitalization of $34.15 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, topping 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, sell-side analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio is presently 20.10%.

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.