Inceptionr LLC Buys 6,099 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Inceptionr LLC lifted its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 180.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,483 shares of the insurance provider's stock after buying an additional 6,099 shares during the quarter. Inceptionr LLC's holdings in The Hartford Financial Services Group were worth $1,037,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HIG. AustralianSuper Pty Ltd increased its position in shares of 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 worth $132,710,000 after buying an additional 881,224 shares during the period. Assenagon Asset Management S.A. increased its position in shares of The Hartford Financial Services Group by 437.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider's stock worth $95,322,000 after buying an additional 709,324 shares during the period. Proficio Capital Partners LLC increased its position in shares of The Hartford Financial Services Group by 11,904.7% during the fourth quarter. Proficio Capital Partners LLC now owns 631,565 shares of the insurance provider's stock worth $632,000 after buying an additional 626,304 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of The Hartford Financial Services Group during the fourth quarter worth $65,256,000. Finally, Nordea Investment Management AB increased its position 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 worth $430,272,000 after buying an additional 581,103 shares during the period. 93.42% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Piper Sandler increased their price objective on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Wells Fargo & Company reduced their price target on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. BMO Capital Markets raised their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a "market perform" rating in a report on Wednesday, November 27th. Royal Bank of Canada restated 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. Finally, StockNews.com cut shares of The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, The Hartford Financial Services Group has an average rating of "Moderate Buy" and a consensus price target of $122.94.

The Hartford Financial Services Group Stock Up 1.1 %

Shares of HIG traded up $1.23 during trading hours on Friday, reaching $117.92. 2,103,973 shares of the stock traded hands, compared to its average volume of 1,759,636. 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 stock has a fifty day simple moving average of $112.46 and a 200 day simple moving average of $114.74. The Hartford Financial Services Group, Inc. has a 52 week low of $94.47 and a 52 week high of $124.90. The company has a market cap of $33.65 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.12 and a beta of 0.91.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, beating 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 analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 1.76%. The ex-dividend date is Monday, March 3rd. The Hartford Financial Services Group's payout ratio is currently 20.10%.

The Hartford Financial Services Group Company 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.