The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Acquired by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. boosted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 100.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,046 shares of the insurance provider's stock after purchasing an additional 4,524 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in The Hartford Financial Services Group were worth $989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its holdings in 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 valued at $514,363,000 after purchasing an additional 202,487 shares in the last quarter. Nordea Investment Management AB boosted its holdings in The Hartford Financial Services Group by 17.3% in the fourth quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock valued at $430,272,000 after purchasing an additional 581,103 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in The Hartford Financial Services Group by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,913,914 shares of the insurance provider's stock valued at $209,382,000 after purchasing an additional 39,585 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings in The Hartford Financial Services Group by 8.5% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,457,147 shares of the insurance provider's stock valued at $159,412,000 after purchasing an additional 114,716 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in The Hartford Financial Services Group by 2.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,234,480 shares of the insurance provider's stock valued at $135,052,000 after purchasing an additional 34,938 shares in the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

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The Hartford Financial Services Group Price Performance

NYSE:HIG traded up $1.23 during trading hours on Friday, hitting $117.92. The company's stock had a trading volume of 2,103,973 shares, compared to its average volume of 1,759,636. The business's 50-day moving average is $112.46 and its two-hundred day moving average is $114.74. The company has a market capitalization of $33.65 billion, a PE ratio of 11.39, a PEG ratio of 1.12 and a beta of 0.91. 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 52-week low of $94.47 and a 52-week high of $124.90.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released 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 anticipate that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The company also recently announced 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. This represents a $2.08 annualized dividend and a yield of 1.76%. The ex-dividend date is Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio (DPR) is 20.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. BMO Capital Markets boosted their price objective on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a research note on Wednesday, November 27th. Keefe, Bruyette & Woods boosted their price objective on The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. StockNews.com cut The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $125.00 price objective on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. Finally, Piper Sandler boosted their price objective on 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.