National Bank of Canada FI Has $40.91 Million Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

National Bank of Canada FI grew its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 119.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 373,919 shares of the insurance provider's stock after acquiring an additional 203,447 shares during the period. National Bank of Canada FI owned about 0.13% of The Hartford Financial Services Group worth $40,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HIG. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of The Hartford Financial Services Group by 3,342.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock worth $26,000 after purchasing an additional 234 shares in the last quarter. Barrett & Company Inc. grew its stake in 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 worth $32,000 after acquiring an additional 93 shares during the period. DT Investment Partners LLC grew its stake in 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 acquiring an additional 110 shares during the period. Flagship Wealth Advisors LLC acquired a new position in The Hartford Financial Services Group in the 4th quarter valued at $36,000. Finally, Key Financial Inc lifted its stake in shares of The Hartford Financial Services Group by 526.3% during the 4th quarter. Key Financial Inc now owns 357 shares of the insurance provider's stock worth $39,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 93.42% of the company's stock.

Insider Transactions at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Robert W. Paiano sold 13,138 shares of The Hartford Financial Services Group stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $117.20, for a total transaction of $1,539,773.60. Following the sale, the executive vice president now owns 31,678 shares in the company, valued at $3,712,661.60. The trade was a 29.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher Swift sold 1,144 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total transaction of $143,000.00. Following the transaction, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at $26,385,250. The trade was a 0.54 % 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 currently owned by company insiders.

The Hartford Financial Services Group Stock Down 3.4 %

Shares of The Hartford Financial Services Group stock traded down $3.87 on Monday, hitting $109.70. 789,203 shares of the company traded hands, compared to its average volume of 1,739,482. 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 company has a market cap of $31.31 billion, a PE ratio of 10.56, a PEG ratio of 1.12 and a beta of 0.68. The company has a 50-day moving average price of $116.56 and a 200 day moving average price of $115.47. The Hartford Financial Services Group, Inc. has a 12-month low of $94.47 and a 12-month high of $125.08.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings data 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 net margin of 11.72% and a return on equity of 19.55%. Sell-side analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 20.10%.

Wall Street Analyst Weigh In

HIG has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on 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. StockNews.com downgraded shares of The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Barclays raised shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Piper Sandler boosted 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. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $125.00 price target on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.47.

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.