Aware Super Pty Ltd as trustee of Aware Super Makes New $33.37 Million Investment in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 305,054 shares of the insurance provider's stock, valued at approximately $33,373,000. Aware Super Pty Ltd as trustee of Aware Super owned 0.11% of The Hartford Financial Services Group as of its most recent filing with the SEC.

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

Analyst Ratings Changes

HIG has been the topic of a number of research reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $125.00 price target on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Wells Fargo & Company cut their price target on The Hartford Financial Services Group from $126.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. increased their target price on The Hartford Financial Services Group from $125.00 to $129.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Piper Sandler upped their price target on shares of The Hartford Financial Services Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Finally, StockNews.com upgraded shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.13.

The Hartford Financial Services Group Stock Up 0.6 %

NYSE:HIG traded up $0.69 during midday trading on Friday, hitting $117.84. 1,403,365 shares of the company were exchanged, compared to its average volume of 1,578,867. 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 fifty-two week low of $94.47 and a fifty-two week high of $125.08. The company has a market capitalization of $33.94 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.12 and a beta of 0.68. The company has a fifty day simple moving average of $116.95 and a 200 day simple moving average of $115.36.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its earnings results 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 return on equity of 19.55% and a net margin of 11.72%. As a group, equities analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 20.10%.

Insiders Place Their Bets

In other news, EVP Robert W. Paiano sold 13,138 shares of The Hartford Financial Services Group stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $117.20, for a total value of $1,539,773.60. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher Swift sold 1,144 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total transaction of $143,000.00. Following the transaction, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at approximately $26,385,250. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,343 shares of company stock worth $13,488,337. Company insiders own 1.60% of the company's stock.

The Hartford Financial Services Group 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.