Grantham Mayo Van Otterloo & Co. LLC Sells 20,292 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Grantham Mayo Van Otterloo & Co. LLC decreased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,228 shares of the insurance provider's stock after selling 20,292 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in The Hartford Financial Services Group were worth $15,560,000 at the end of the most recent quarter.

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

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Wall Street Analysts Forecast Growth

HIG has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of The Hartford Financial Services Group from $140.00 to $133.00 and set an "outperform" rating on the stock in a research report on Wednesday. Piper Sandler boosted their target price on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Wells Fargo & Company decreased 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 research report on Thursday. Raymond James boosted their price objective on 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. Finally, Barclays upgraded shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $130.00 to $135.00 in a report on Monday, January 6th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $123.24.

Insider Activity

In related news, CEO Christopher Swift sold 1,144 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total value 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 trade represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert W. Paiano sold 13,138 shares of the business's stock in a transaction that occurred 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 approximately $3,712,661.60. This trade represents a 29.32 % decrease in their ownership of the stock. 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. 1.60% of the stock is owned by corporate insiders.

The Hartford Financial Services Group Stock Up 0.8 %

HIG traded up $0.92 during trading on Friday, reaching $115.71. 471,449 shares of the stock traded hands, compared to its average volume of 1,584,057. 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 Hartford Financial Services Group, Inc. has a fifty-two week low of $94.47 and a fifty-two week high of $125.08. The stock's 50-day simple moving average is $116.52 and its two-hundred day simple moving average is $115.34. The stock has a market cap of $33.02 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.12 and a beta of 0.68.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS 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 research analysts expect that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.08 annualized dividend and a dividend yield of 1.80%. The Hartford Financial Services Group's dividend payout ratio (DPR) is 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.