Ossiam Buys 97,449 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Ossiam raised its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 728.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,822 shares of the insurance provider's stock after buying an additional 97,449 shares during the quarter. Ossiam's holdings in The Hartford Financial Services Group were worth $12,124,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Geode Capital Management LLC raised its stake in The Hartford Financial Services Group by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 7,251,389 shares of the insurance provider's stock valued at $792,796,000 after purchasing an additional 81,495 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of The Hartford Financial Services Group by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 4,701,675 shares of the insurance provider's stock worth $514,363,000 after purchasing an additional 202,487 shares during the period. Nordea Investment Management AB raised its position in shares of The Hartford Financial Services Group by 17.3% during the fourth quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock valued at $430,272,000 after buying an additional 581,103 shares during the last quarter. Norges Bank bought a new stake in shares of The Hartford Financial Services Group in the fourth quarter valued at about $416,340,000. Finally, Massachusetts Financial Services Co. MA grew its position in The Hartford Financial Services Group by 0.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,448,982 shares of the insurance provider's stock worth $377,319,000 after buying an additional 25,053 shares in the last quarter. 93.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, CEO Christopher Swift sold 98,061 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at approximately $25,412,161.98. This represents a 31.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robert W. Paiano sold 13,138 shares of The Hartford Financial Services Group stock in a transaction that occurred on 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 sale, the executive vice president now owns 31,678 shares of the company's stock, valued at approximately $3,712,661.60. This represents a 29.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,343 shares of company stock valued at $13,488,337. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wells Fargo & Company reduced 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 research report on Thursday, April 10th. Keefe, Bruyette & Woods reduced their target price on The Hartford Financial Services Group from $140.00 to $133.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Raymond James boosted their price target on shares of The Hartford Financial Services Group from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Barclays raised their price objective 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. Finally, Piper Sandler upped their target price on shares of The Hartford Financial Services Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, The Hartford Financial Services Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.13.

The Hartford Financial Services Group Price Performance

Shares of HIG stock traded up $4.62 during trading hours on Tuesday, hitting $118.84. 1,059,617 shares of the company's stock were exchanged, compared to its average volume of 1,576,643. The stock's 50-day moving average is $117.14 and its 200-day moving average is $115.30. 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 52 week low of $94.47 and a 52 week high of $129.75. The stock has a market cap of $34.23 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 1.12 and a beta of 0.68.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings data 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%. As a group, research 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.75%. The ex-dividend date was Monday, March 3rd. 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.