NewEdge Advisors LLC Has $5.39 Million Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

NewEdge Advisors LLC lifted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 7.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 49,283 shares of the insurance provider's stock after purchasing an additional 3,380 shares during the quarter. NewEdge Advisors LLC's holdings in The Hartford Financial Services Group were worth $5,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of The Hartford Financial Services Group by 3,342.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock worth $26,000 after buying an additional 234 shares during the period. Barrett & Company Inc. lifted 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 valued at $32,000 after acquiring an additional 93 shares in the last quarter. 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 acquiring an additional 110 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in shares of The Hartford Financial Services Group during the 4th quarter worth approximately $36,000. Finally, Key Financial Inc raised its holdings in shares of The Hartford Financial Services Group by 526.3% in the fourth quarter. Key Financial Inc now owns 357 shares of the insurance provider's stock valued at $39,000 after purchasing an additional 300 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HIG has been the subject of several recent research reports. Barclays increased their target price on shares of The Hartford Financial Services Group from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Wells Fargo & Company decreased their price objective on The Hartford Financial Services Group from $126.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Piper Sandler lifted their target price on The Hartford Financial Services Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Raymond James increased their price target on The Hartford Financial Services Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. boosted their price target on The Hartford Financial Services Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, The Hartford Financial Services Group currently has a consensus rating of "Moderate Buy" and an average price target of $124.13.

The Hartford Financial Services Group Stock Performance

The Hartford Financial Services Group stock traded up $0.31 during trading hours on Wednesday, hitting $119.05. The company had a trading volume of 1,595,556 shares, compared to its average volume of 1,576,719. The firm has a 50-day moving average of $117.27 and a 200 day moving average of $115.33. 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 market cap of $34.29 billion, a PE ratio of 11.50, a PEG ratio of 1.12 and a beta of 0.68. The Hartford Financial Services Group, Inc. has a one year low of $94.47 and a one year high of $125.08.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share 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, sell-side 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were paid a $0.52 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.08 annualized dividend and a dividend yield of 1.75%. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 20.10%.

Insider Buying and Selling

In related news, EVP Robert W. Paiano sold 13,138 shares of the business's stock in a transaction dated 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher Swift sold 1,144 shares of the company'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 transaction of $143,000.00. Following the sale, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at approximately $26,385,250. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,343 shares of company stock valued at $13,488,337. 1.60% of the stock is owned by company insiders.

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.