M&T Bank Corp Has $5.13 Million Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

M&T Bank Corp increased its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,868 shares of the insurance provider's stock after purchasing an additional 5,702 shares during the quarter. M&T Bank Corp's holdings in The Hartford Financial Services Group were worth $5,127,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of The Hartford Financial Services Group by 3,342.9% in 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 last quarter. Barrett & Company Inc. raised its stake in shares of 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 valued at $32,000 after acquiring an additional 93 shares during the period. BNP Paribas acquired a new position in shares of The Hartford Financial Services Group during the 3rd quarter valued at $35,000. DT Investment Partners LLC boosted its position in The Hartford Financial Services Group by 49.8% during 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 period. Finally, Key Financial Inc increased its holdings in The Hartford Financial Services Group by 526.3% in the 4th quarter. Key Financial Inc now owns 357 shares of the insurance provider's stock valued at $39,000 after purchasing an additional 300 shares in the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

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The Hartford Financial Services Group Stock Up 1.1 %

HIG traded up $1.23 during trading on Friday, hitting $117.92. The company had a trading volume of 2,103,973 shares, compared to its average volume of 1,759,636. The company has a market capitalization of $33.65 billion, a PE ratio of 11.39, a PEG ratio of 1.12 and a beta of 0.91. 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 Hartford Financial Services Group, Inc. has a one year low of $94.47 and a one year high of $124.90. The firm's 50-day moving average price is $112.46 and its 200 day moving average price is $114.74.

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 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, equities analysts expect that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 20.10%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HIG shares. 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 on the stock in a research note on Monday, February 3rd. BMO Capital Markets increased their target price on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a research note on Wednesday, November 27th. StockNews.com lowered shares of The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Barclays raised shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $130.00 to $135.00 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their target price on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. 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 MarketBeat, The Hartford Financial Services Group has a consensus rating of "Moderate Buy" and a consensus price target of $122.94.

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.