Elo Mutual Pension Insurance Co lifted its position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 14.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,991 shares of the insurance provider's stock after buying an additional 3,854 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in The Hartford Financial Services Group were worth $3,281,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in shares of The Hartford Financial Services Group by 7.1% during the third quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider's stock worth $13,063,000 after purchasing an additional 7,350 shares in the last quarter. Horizon Advisory Services Inc. purchased a new stake in The Hartford Financial Services Group during the 4th quarter worth approximately $277,000. Zurich Insurance Group Ltd FI acquired a new stake in The Hartford Financial Services Group during the 3rd quarter worth approximately $19,005,000. Assenagon Asset Management S.A. boosted its position in The Hartford Financial Services Group by 437.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider's stock valued at $95,322,000 after buying an additional 709,324 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of The Hartford Financial Services Group by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 4,701,675 shares of the insurance provider's stock worth $514,363,000 after acquiring an additional 202,487 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on HIG shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $125.00 target price on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Barclays upgraded The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $130.00 to $135.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their target price on shares of 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. StockNews.com downgraded shares of The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Piper Sandler increased their price objective on shares of The Hartford Financial Services Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.61.
View Our Latest Report on The Hartford Financial Services Group
Insider Buying and Selling at The Hartford Financial Services Group
In other The Hartford Financial Services Group news, CEO Christopher Swift sold 98,061 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $120.39, for a total value of $11,805,563.79. Following the transaction, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at approximately $25,412,161.98. The trade was a 31.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert W. Paiano sold 13,138 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $117.20, for a total transaction of $1,539,773.60. Following the completion of the sale, the executive vice president now owns 31,678 shares of the company's stock, valued at $3,712,661.60. This trade represents a 29.32 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
The Hartford Financial Services Group Stock Performance
NYSE HIG traded down $0.21 on Wednesday, reaching $124.18. The stock had a trading volume of 315,441 shares, compared to its average volume of 1,720,497. The stock has a market cap of $35.44 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 1.12 and a beta of 0.91. The Hartford Financial Services Group, Inc. has a 12-month low of $94.47 and a 12-month high of $124.90. The business's 50-day moving average price is $116.00 and its 200 day moving average price is $115.39. 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 (NYSE:HIG - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, beating the consensus estimate 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%. As a group, equities analysts expect 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 20.10%.
The Hartford Financial Services Group Profile
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Free Report)
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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