F M Investments LLC Grows Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

F M Investments LLC lifted its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,764 shares of the insurance provider's stock after purchasing an additional 8,886 shares during the quarter. F M Investments LLC's holdings in The Hartford Financial Services Group were worth $10,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

The Hartford Financial Services Group Price Performance

Shares of NYSE HIG traded up $0.32 during midday trading on Tuesday, reaching $117.99. 354,166 shares of the stock traded hands, compared to its average volume of 1,581,352. The company's 50 day moving average is $116.68 and its 200 day moving average is $115.33. The Hartford Financial Services Group, Inc. has a one year low of $94.47 and a one year high of $125.08. 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 stock has a market capitalization of $33.98 billion, a PE ratio of 11.40, 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 issued its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, topping analysts' consensus estimates 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%. On average, equities research analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.08 annualized dividend and a yield of 1.76%. The Hartford Financial Services Group's payout ratio is currently 20.10%.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, CEO Christopher Swift sold 1,144 shares of The Hartford Financial Services Group stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total transaction of $143,000.00. Following the completion of the transaction, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at $26,385,250. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert W. Paiano sold 13,138 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 31,678 shares in the company, valued at approximately $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 over the last ninety days. Company insiders own 1.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group reduced their price objective on The Hartford Financial Services Group from $118.00 to $117.00 and set a "hold" rating for the company in a report on Friday. Royal Bank of Canada reissued a "sector perform" rating and set a $125.00 price objective on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Raymond James raised their target price on shares of The Hartford Financial Services Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. Keefe, Bruyette & Woods cut their target price on shares of The Hartford Financial Services Group from $140.00 to $133.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company lowered their target price on shares of The Hartford Financial Services Group from $126.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, The Hartford Financial Services Group presently has an average rating of "Moderate Buy" and an average price target of $124.13.

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.