SRN Advisors LLC Purchases Shares of 6,791 The Hartford Financial Services Group, Inc. (NYSE:HIG)

SRN Advisors LLC bought a new stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,791 shares of the insurance provider's stock, valued at approximately $743,000.

Other large investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 valued at $26,000 after buying an additional 234 shares in the last quarter. Barrett & Company Inc. boosted its position in shares of 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 purchasing an additional 93 shares during the period. BNP Paribas acquired a new position in shares of The Hartford Financial Services Group in the 3rd quarter valued at $35,000. DT Investment Partners LLC boosted its position in shares of The Hartford Financial Services Group by 49.8% in the 4th quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider's stock valued at $36,000 after purchasing an additional 110 shares during the period. Finally, Key Financial Inc boosted its position in shares of The Hartford Financial Services Group by 526.3% in the 4th 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 period. Institutional investors own 93.42% of the company's stock.

The Hartford Financial Services Group Stock Up 0.8 %

Shares of The Hartford Financial Services Group stock traded up $0.97 during trading on Friday, hitting $118.44. 4,524,590 shares of the stock traded hands, compared to its average volume of 1,747,292. The stock has a market cap of $33.80 billion, a P/E ratio of 11.44, a PEG ratio of 1.12 and a beta of 0.97. 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 Hartford Financial Services Group, Inc. has a twelve month low of $94.32 and a twelve month high of $124.90. The company has a fifty day moving average price of $111.72 and a two-hundred day moving average price of $114.48.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 yield of 1.76%. The Hartford Financial Services Group's dividend payout ratio (DPR) is currently 20.10%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HIG shares. Barclays upgraded The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $130.00 to $135.00 in a research report on Monday, January 6th. BMO Capital Markets increased their price target on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. Piper Sandler increased their price target on The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Wells Fargo & Company reduced 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 research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $122.94.

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.