Nomura Asset Management Co. Ltd. Has $13.46 Million Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Nomura Asset Management Co. Ltd. raised its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 39.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,041 shares of the insurance provider's stock after purchasing an additional 34,957 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in The Hartford Financial Services Group were worth $13,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in The Hartford Financial Services Group by 3,342.9% in the 4th 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 in the last quarter. Barrett & Company Inc. raised its stake in shares of The Hartford Financial Services Group by 46.5% during the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock worth $32,000 after buying an additional 93 shares during the last quarter. DT Investment Partners LLC increased its holdings 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 valued at $36,000 after acquiring an additional 110 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in shares of The Hartford Financial Services Group in the fourth quarter valued at about $36,000. Finally, Key Financial Inc increased 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 in the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related 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 value of $1,539,773.60. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher Swift sold 98,061 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $120.39, for a total transaction of $11,805,563.79. Following the transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at $25,412,161.98. The trade was a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

The Hartford Financial Services Group Stock Performance

The Hartford Financial Services Group stock traded down $5.22 during mid-day trading on Friday, hitting $118.23. 516,463 shares of the company's stock traded hands, compared to its average volume of 1,723,482. The Hartford Financial Services Group, Inc. has a one year low of $94.47 and a one year high of $125.08. The company has a market cap of $33.74 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 1.12 and a beta of 0.91. The firm has a 50 day moving average price of $116.52 and a 200 day moving average price of $115.51. 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 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 EPS 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%. On average, equities analysts forecast that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were given 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 1.76%. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 20.10%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Piper Sandler boosted 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. Barclays raised shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $130.00 to $135.00 in a research note on Monday, January 6th. 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. Keefe, Bruyette & Woods raised their target price on shares of 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. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $125.00 price target on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. Ten 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.