The Hartford Financial Services Group, Inc. (NYSE:HIG) Position Increased by NEOS Investment Management LLC

NEOS Investment Management LLC raised its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 30.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,169 shares of the insurance provider's stock after buying an additional 3,729 shares during the quarter. NEOS Investment Management LLC's holdings in The Hartford Financial Services Group were worth $1,769,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. grew its holdings in 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 valued at $26,000 after purchasing an additional 234 shares during the period. Barrett & Company Inc. lifted its position in The Hartford Financial Services Group by 46.5% during the fourth quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock valued at $32,000 after buying an additional 93 shares in the last quarter. BNP Paribas acquired a new stake in shares of The Hartford Financial Services Group in the third quarter worth $35,000. DT Investment Partners LLC raised its stake in shares of 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 valued at $36,000 after acquiring an additional 110 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of The Hartford Financial Services Group during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 93.42% of the company's stock.

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Insider Activity at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, CEO Christopher Swift sold 98,061 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $120.39, for a total transaction of $11,805,563.79. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert W. Paiano sold 13,138 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $117.20, for a total value of $1,539,773.60. Following the completion of the sale, the executive vice president now directly owns 31,678 shares of the company's stock, valued at approximately $3,712,661.60. This trade represents a 29.32 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on HIG shares. Piper Sandler upped their price target on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday. Keefe, Bruyette & Woods lifted their target price on The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Royal Bank of Canada reissued 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 lowered The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Wells Fargo & Company cut their price target on The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.61.

The Hartford Financial Services Group Price Performance

Shares of HIG traded down $0.11 during mid-day trading on Wednesday, hitting $124.28. The company's stock had a trading volume of 344,463 shares, compared to its average volume of 1,573,425. 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 firm has a 50-day moving average price of $116.00 and a 200 day moving average price of $115.39. The Hartford Financial Services Group, Inc. has a fifty-two week low of $94.47 and a fifty-two week high of $124.90. The stock has a market capitalization of $35.47 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.12 and a beta of 0.91.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, beating 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%. On average, research analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.67%. The Hartford Financial Services Group's dividend payout ratio is currently 20.10%.

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.