New Age Alpha Advisors LLC Raises Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

New Age Alpha Advisors LLC increased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 3,110.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,880 shares of the insurance provider's stock after purchasing an additional 4,728 shares during the period. New Age Alpha Advisors LLC's holdings in The Hartford Financial Services Group were worth $534,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HIG. Norges Bank acquired a new position in shares of The Hartford Financial Services Group during the 4th quarter worth about $416,340,000. NEOS Investment Management LLC boosted its holdings in The Hartford Financial Services Group by 30.0% in the fourth quarter. NEOS Investment Management LLC now owns 16,169 shares of the insurance provider's stock valued at $1,769,000 after purchasing an additional 3,729 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its holdings in The Hartford Financial Services Group by 14.7% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 29,991 shares of the insurance provider's stock valued at $3,281,000 after purchasing an additional 3,854 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in The Hartford Financial Services Group by 7.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 465,691 shares of the insurance provider's stock valued at $50,993,000 after purchasing an additional 34,255 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in The Hartford Financial Services Group during the fourth quarter worth approximately $799,000. Hedge funds and other institutional investors own 93.42% of the company's stock.

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The Hartford Financial Services Group Stock Performance

NYSE HIG traded down $9.99 on Friday, hitting $113.45. 1,353,276 shares of the company's stock were exchanged, compared to its average volume of 1,737,457. The firm has a market cap of $32.38 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 1.12 and a beta of 0.91. The firm's 50-day moving average price is $116.52 and its two-hundred day moving average price is $115.51. The Hartford Financial Services Group, Inc. has a fifty-two week low of $94.47 and a fifty-two week high of $125.08. 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 (NYSE:HIG - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, topping 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, research analysts expect that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd were given a dividend of $0.52 per share. 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 payout ratio is currently 20.10%.

Insider Buying and Selling at The Hartford Financial Services Group

In related news, CEO Christopher Swift sold 98,061 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $120.39, for a total value 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 approximately $25,412,161.98. This represents a 31.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert W. Paiano sold 13,138 shares of The Hartford Financial Services Group stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $117.20, for a total transaction of $1,539,773.60. Following the transaction, the executive vice president now owns 31,678 shares of the company's stock, valued at approximately $3,712,661.60. The trade was a 29.32 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HIG. Wells Fargo & Company cut their price target 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. Piper Sandler boosted their target price on The Hartford Financial Services Group from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday. Keefe, Bruyette & Woods raised their price target on 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $125.00 price objective on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. Finally, StockNews.com lowered shares of The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average 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.