Ipsen Advisor Group LLC Makes New $442,000 Investment in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Ipsen Advisor Group LLC acquired a new position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,038 shares of the insurance provider's stock, valued at approximately $442,000.

Several other large investors have also made changes to their positions in HIG. Catalyst Financial Partners LLC lifted its holdings 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 buying an additional 90 shares during the last quarter. Barrett & Company Inc. raised its stake in 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 during the last quarter. Brooklyn Investment Group raised its stake 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 valued at $287,000 after purchasing an additional 94 shares during the last quarter. Wilmington Savings Fund Society FSB grew 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 worth $489,000 after purchasing an additional 97 shares during the last quarter. Finally, Lifestyle Asset Management Inc. increased its holdings in shares of The Hartford Financial Services Group by 0.9% during the 4th quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider's stock worth $1,258,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 93.42% of the company's stock.

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Analyst Upgrades and Downgrades

HIG has been the subject of several research reports. Piper Sandler increased their target price on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. StockNews.com downgraded The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Royal Bank of Canada restated a "sector perform" rating and set a $125.00 price objective on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. Wells Fargo & Company dropped their price objective on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, Barclays upgraded shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $122.94.

The Hartford Financial Services Group Price Performance

Shares of HIG traded down $0.77 during mid-day trading on Friday, hitting $122.21. 1,324,792 shares of the company traded hands, compared to its average volume of 1,576,175. 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 business has a 50-day moving average of $115.52 and a 200 day moving average of $115.26. The Hartford Financial Services Group, Inc. has a one year low of $94.47 and a one year high of $124.90. The stock has a market capitalization of $34.88 billion, a price-to-earnings ratio of 11.81, 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 earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, topping analysts' consensus estimates 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 expect 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio (DPR) is 20.10%.

Insider Buying and Selling at The Hartford Financial Services Group

In related news, CEO Christopher Swift sold 98,061 shares of The Hartford Financial Services Group stock in a transaction on Monday, March 17th. The stock was sold at an average price of $120.39, for a total transaction of $11,805,563.79. Following the completion of the sale, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at $25,412,161.98. The trade was a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert W. Paiano sold 13,138 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $117.20, for a total value of $1,539,773.60. Following the completion of the transaction, the executive vice president now directly owns 31,678 shares in the company, valued at $3,712,661.60. The trade was a 29.32 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

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.