The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. raised its position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 718.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,604 shares of the insurance provider's stock after purchasing an additional 2,286 shares during the quarter. SRS Capital Advisors Inc.'s holdings in The Hartford Financial Services Group were worth $285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in The Hartford Financial Services Group by 7.1% in the 3rd quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider's stock worth $13,063,000 after acquiring an additional 7,350 shares in the last quarter. Dai ichi Life Insurance Company Ltd grew its stake in The Hartford Financial Services Group by 3.3% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 137,506 shares of the insurance provider's stock worth $16,172,000 after acquiring an additional 4,449 shares in the last quarter. Horizon Advisory Services Inc. bought a new position in The Hartford Financial Services Group in the 4th quarter worth about $277,000. Zurich Insurance Group Ltd FI bought a new position in The Hartford Financial Services Group in the 3rd quarter worth about $19,005,000. Finally, Citigroup Inc. grew its stake in The Hartford Financial Services Group by 3.5% in the 3rd quarter. Citigroup Inc. now owns 314,849 shares of the insurance provider's stock worth $37,029,000 after acquiring an additional 10,566 shares in the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

HIG has been the topic of a number of research analyst reports. BMO Capital Markets upped their target price 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 note on Wednesday, November 27th. StockNews.com downgraded shares of The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their price objective on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Barclays upgraded shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $130.00 to $135.00 in a research note on Monday, January 6th. Finally, Piper Sandler increased their price objective on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $122.94.

The Hartford Financial Services Group Stock Performance

Shares of NYSE HIG traded up $1.23 during midday trading on Friday, reaching $117.92. The company had a trading volume of 2,103,973 shares, compared to its average volume of 1,759,636. The business's 50-day simple moving average is $112.46 and its 200 day simple moving average is $114.71. The stock has a market cap of $33.65 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.12 and a beta of 0.91. 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 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 quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. On average, analysts forecast that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 1.76%. 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.