Skandinaviska Enskilda Banken AB publ Sells 56,552 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Skandinaviska Enskilda Banken AB publ cut its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 426,685 shares of the insurance provider's stock after selling 56,552 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.15% of The Hartford Financial Services Group worth $46,624,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. AustralianSuper Pty Ltd lifted its position in The Hartford Financial Services Group by 265.5% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,213,074 shares of the insurance provider's stock valued at $132,710,000 after purchasing an additional 881,224 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of The Hartford Financial Services Group by 437.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider's stock worth $95,322,000 after buying an additional 709,324 shares during the period. Proficio Capital Partners LLC lifted its position in shares of The Hartford Financial Services Group by 11,904.7% during the 4th quarter. Proficio Capital Partners LLC now owns 631,565 shares of the insurance provider's stock valued at $632,000 after buying an additional 626,304 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of The Hartford Financial Services Group during the 4th quarter valued at approximately $65,256,000. Finally, Nordea Investment Management AB increased its holdings in The Hartford Financial Services Group by 17.3% in the 4th quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock worth $430,272,000 after acquiring an additional 581,103 shares in the last quarter. Institutional investors own 93.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HIG shares. Keefe, Bruyette & Woods lifted their price target 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. Royal Bank of Canada restated a "sector perform" rating and set a $125.00 target price on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. Piper Sandler increased their price target 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. Wells Fargo & Company lowered their price objective on The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Finally, BMO Capital Markets increased their price objective on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a report on Wednesday, November 27th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, The Hartford Financial Services Group has a consensus rating of "Moderate Buy" and an average target price of $122.94.

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The Hartford Financial Services Group Price Performance

The Hartford Financial Services Group stock opened at $115.82 on Thursday. The stock has a market cap of $33.05 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.12 and a beta of 0.91. The firm has a 50-day moving average of $112.91 and a two-hundred day moving average of $114.84. The Hartford Financial Services Group, Inc. has a 1 year low of $94.47 and a 1 year high of $124.90. 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 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 forecast 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 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 annualized dividend and a dividend yield of 1.80%. The Hartford Financial Services Group's dividend payout ratio is currently 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.

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