The Hartford Financial Services Group, Inc. (NYSE:HIG) Stake Increased by Sei Investments Co.

Sei Investments Co. lifted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 226,848 shares of the insurance provider's stock after acquiring an additional 3,483 shares during the quarter. Sei Investments Co. owned 0.08% of The Hartford Financial Services Group worth $24,818,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. AustralianSuper Pty Ltd increased its holdings in The Hartford Financial Services Group by 265.5% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,213,074 shares of the insurance provider's stock valued at $132,710,000 after buying an additional 881,224 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in The Hartford Financial Services Group by 437.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider's stock worth $95,322,000 after acquiring an additional 709,324 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of The Hartford Financial Services Group by 11,904.7% in the fourth quarter. Proficio Capital Partners LLC now owns 631,565 shares of the insurance provider's stock valued at $632,000 after purchasing an additional 626,304 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in The Hartford Financial Services Group in the 4th quarter valued at $65,256,000. Finally, Nordea Investment Management AB grew its holdings in shares of The Hartford Financial Services Group by 17.3% in 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 purchasing an additional 581,103 shares during the period. Hedge funds and other institutional investors own 93.42% of the company's stock.

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Insider Transactions at The Hartford Financial Services Group

In related news, CEO Christopher Swift sold 98,061 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $120.39, for a total value of $11,805,563.79. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert W. Paiano sold 13,138 shares of the 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 in the company, valued at approximately $3,712,661.60. The trade was a 29.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on HIG shares. Piper Sandler raised their target price on The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Barclays raised shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Wells Fargo & Company decreased their price objective on The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Finally, StockNews.com lowered The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Ten 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $122.94.

The Hartford Financial Services Group Price Performance

NYSE HIG traded down $0.77 during trading hours on Friday, reaching $122.21. The company's stock had a trading volume of 1,324,792 shares, compared to its average volume of 1,576,175. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The company's 50-day moving average is $115.52 and its two-hundred day moving average is $115.27. 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 cap of $34.88 billion, a PE ratio of 11.81, a PEG ratio of 1.12 and a beta of 0.91.

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, beating the consensus estimate 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%. Analysts forecast that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Announces Dividend

The business 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 $0.52 dividend. 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 1.70%. The Hartford Financial Services Group's dividend payout ratio (DPR) is 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.