QRG Capital Management Inc. Acquires 4,241 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

QRG Capital Management Inc. raised its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 203,622 shares of the insurance provider's stock after purchasing an additional 4,241 shares during the period. QRG Capital Management Inc. owned 0.07% of The Hartford Financial Services Group worth $22,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Catalyst Financial Partners LLC increased its stake in The Hartford Financial Services Group by 3.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 3,079 shares of the insurance provider's stock valued at $337,000 after purchasing an additional 90 shares in the last quarter. Barrett & Company Inc. grew its stake 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 worth $32,000 after acquiring an additional 93 shares in the last quarter. Brooklyn Investment Group boosted its holdings in The Hartford Financial Services Group by 4.0% during the third quarter. Brooklyn Investment Group now owns 2,444 shares of the insurance provider's stock worth $287,000 after purchasing an additional 94 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in The Hartford Financial Services Group by 2.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,468 shares of the insurance provider's stock worth $489,000 after purchasing an additional 97 shares in the last quarter. Finally, Lifestyle Asset Management Inc. increased its stake in The Hartford Financial Services Group by 0.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider's stock valued at $1,258,000 after buying an additional 98 shares during the last quarter. 93.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HIG has been the subject of a number of research analyst reports. StockNews.com downgraded The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Wells Fargo & Company cut their price target on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada restated a "sector perform" rating and set a $125.00 price objective on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. BMO Capital Markets lifted their price objective on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 27th. Finally, Keefe, Bruyette & Woods increased their price objective on 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. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $122.94.

The Hartford Financial Services Group Stock Up 1.7 %

The Hartford Financial Services Group stock traded up $2.01 during mid-day trading on Monday, hitting $119.77. The company had a trading volume of 2,067,712 shares, compared to its average volume of 1,755,244. The Hartford Financial Services Group, Inc. has a 12 month low of $94.32 and a 12 month high of $124.90. The company has a market capitalization of $34.18 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. The stock's 50 day moving average price is $111.72 and its two-hundred day moving average price is $114.51. 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 Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its earnings results 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 return on equity of 19.55% and a net margin of 11.72%. As a group, sell-side analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

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 paid a $0.52 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.74%. The Hartford Financial Services Group's dividend payout ratio is presently 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.