Flputnam Investment Management Co. Sells 2,946 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Flputnam Investment Management Co. reduced its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 5.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,508 shares of the insurance provider's stock after selling 2,946 shares during the period. Flputnam Investment Management Co.'s holdings in The Hartford Financial Services Group were worth $5,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Catalyst Financial Partners LLC lifted its position in shares of The Hartford Financial Services Group by 3.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 3,079 shares of the insurance provider's stock worth $337,000 after purchasing an additional 90 shares in the last quarter. Barrett & Company Inc. raised its position 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 during the last quarter. Brooklyn Investment Group lifted its holdings in The Hartford Financial Services Group by 4.0% during the 3rd quarter. Brooklyn Investment Group now owns 2,444 shares of the insurance provider's stock worth $287,000 after buying an additional 94 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in The Hartford Financial Services Group by 2.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,468 shares of the insurance provider's stock valued at $489,000 after buying an additional 97 shares during the last quarter. Finally, Lifestyle Asset Management Inc. increased its stake in shares of The Hartford Financial Services Group by 0.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider's stock valued at $1,258,000 after buying an additional 98 shares during the period. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on HIG. Barclays raised The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $130.00 to $135.00 in a research note on Monday, January 6th. StockNews.com cut shares of The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Piper Sandler lifted their target price on The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods increased their price target on The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Finally, BMO Capital Markets raised their price target on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $122.94.

The Hartford Financial Services Group Stock Performance

Shares of NYSE HIG traded up $0.47 during midday trading on Wednesday, hitting $117.45. 496,407 shares of the company's stock were exchanged, compared to its average volume of 1,740,528. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $33.52 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. The Hartford Financial Services Group, Inc. has a 12 month low of $94.47 and a 12 month high of $124.90. The company's 50 day moving average price is $112.05 and its 200 day moving average price is $114.63.

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 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%. As a group, analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

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

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.