Steward Partners Investment Advisory LLC Grows Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Steward Partners Investment Advisory LLC raised its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 47.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,836 shares of the insurance provider's stock after acquiring an additional 4,127 shares during the period. Steward Partners Investment Advisory LLC's holdings in The Hartford Financial Services Group were worth $1,404,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 worth $26,000 after purchasing an additional 234 shares during the last quarter. Barrett & Company Inc. increased its stake in 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 buying an additional 93 shares during the period. BNP Paribas purchased a new position in The Hartford Financial Services Group during the 3rd quarter worth $35,000. DT Investment Partners LLC lifted its stake 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 worth $36,000 after acquiring an additional 110 shares during the period. Finally, Key Financial Inc boosted its holdings in shares of The Hartford Financial Services Group by 526.3% in the fourth quarter. Key Financial Inc now owns 357 shares of the insurance provider's stock valued at $39,000 after acquiring an additional 300 shares in the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HIG shares. Barclays raised shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $130.00 to $135.00 in a report on Monday, January 6th. Wells Fargo & Company cut their target price 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. StockNews.com downgraded The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. 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 report on Wednesday, February 5th. Finally, 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 report on Monday, February 3rd. Ten research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $122.94.

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The Hartford Financial Services Group Stock Performance

Shares of HIG opened at $117.92 on Monday. The Hartford Financial Services Group, Inc. has a 12-month low of $94.47 and a 12-month high of $124.90. The stock has a market cap of $33.65 billion, a P/E ratio of 11.39, a PEG ratio of 1.12 and a beta of 0.91. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $112.46 and a two-hundred day moving average of $114.76.

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 earnings per share (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%. As a group, 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, March 3rd. The Hartford Financial Services Group's 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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