3,644 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Purchased by Nemes Rush Group LLC

Nemes Rush Group LLC purchased a new stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,644 shares of the insurance provider's stock, valued at approximately $399,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of The Hartford Financial Services Group by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 4,701,675 shares of the insurance provider's stock worth $514,363,000 after buying an additional 202,487 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of The Hartford Financial Services Group by 17.3% during the 4th quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock valued at $430,272,000 after acquiring an additional 581,103 shares during the last quarter. Norges Bank purchased a new position in shares of The Hartford Financial Services Group during the fourth quarter worth about $416,340,000. Charles Schwab Investment Management Inc. increased its position in shares of The Hartford Financial Services Group by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,913,914 shares of the insurance provider's stock worth $209,382,000 after purchasing an additional 39,585 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its position in shares of The Hartford Financial Services Group by 8.5% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,457,147 shares of the insurance provider's stock worth $159,412,000 after purchasing an additional 114,716 shares during the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com cut shares of The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $125.00 target price on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Raymond James upped their price objective on shares of The Hartford Financial Services Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday. 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 stock from $130.00 to $135.00 in a research report on Monday, January 6th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $123.47.

Insider Transactions at The Hartford Financial Services Group

In related news, EVP Robert W. Paiano sold 13,138 shares of the business's stock in a transaction dated 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 of the company's stock, 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 legal filing with the SEC, which is available at this link. Also, CEO Christopher Swift sold 1,144 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total value 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. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,343 shares of company stock valued at $13,488,337. Company insiders own 1.60% of the company's stock.

The Hartford Financial Services Group Trading Down 8.0 %

NYSE:HIG traded down $9.88 during mid-day trading on Friday, reaching $113.56. 2,389,812 shares of the company's stock traded hands, compared to its average volume of 1,581,758. The company has a 50 day moving average price of $116.52 and a 200-day moving average price of $115.51. The firm has a market capitalization of $32.41 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.12 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. 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 posted 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%. On average, 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.08 annualized dividend and a yield of 1.83%. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 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.