Jump Financial LLC lessened its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 58.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,554 shares of the insurance provider's stock after selling 9,321 shares during the period. Jump Financial LLC's holdings in The Hartford Financial Services Group were worth $717,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC grew its position in The Hartford Financial Services Group by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 7,251,389 shares of the insurance provider's stock valued at $792,796,000 after acquiring an additional 81,495 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of The Hartford Financial Services Group by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 4,701,675 shares of the insurance provider's stock valued at $514,363,000 after purchasing an additional 202,487 shares during the period. Nordea Investment Management AB grew its holdings in shares of The Hartford Financial Services Group by 17.3% in the fourth quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock worth $430,272,000 after purchasing an additional 581,103 shares during the last quarter. Norges Bank purchased a new position in The Hartford Financial Services Group in the 4th quarter worth about $416,340,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in The Hartford Financial Services Group by 0.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,448,982 shares of the insurance provider's stock valued at $377,319,000 after buying an additional 25,053 shares in the last quarter. Institutional investors own 93.42% of the company's stock.
The Hartford Financial Services Group Stock Performance
Shares of HIG stock opened at $118.84 on Wednesday. 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 company has a market cap of $34.23 billion, a PE ratio of 11.48, a PEG ratio of 1.12 and a beta of 0.68. The Hartford Financial Services Group, Inc. has a 12-month low of $94.47 and a 12-month high of $125.08. The business's fifty day simple moving average is $117.27 and its 200-day simple moving average is $115.33.
The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last announced its earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (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%. 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Monday, March 3rd. The Hartford Financial Services Group's payout ratio is currently 20.10%.
Insider Buying and Selling
In other 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 sale, the chief executive officer now directly owns 211,082 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Also, EVP Robert W. Paiano sold 13,138 shares of the company's stock in a transaction on 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 approximately $3,712,661.60. The trade was a 29.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 112,343 shares of company stock worth $13,488,337 in the last three months. Corporate insiders own 1.60% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on HIG. Keefe, Bruyette & Woods reduced their target price 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, April 9th. Raymond James raised 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $125.00 target price on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. StockNews.com upgraded The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Finally, Piper Sandler upped their price objective on shares of The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $124.13.
Check Out Our Latest Analysis on HIG
The Hartford Financial Services Group Company Profile
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Free Report)
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.
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