National Pension Service Has $50.39 Million Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

National Pension Service cut its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 460,585 shares of the insurance provider's stock after selling 29,292 shares during the period. National Pension Service owned approximately 0.16% of The Hartford Financial Services Group worth $50,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HIG. Nordea Investment Management AB grew its position 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 acquiring an additional 581,103 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of The Hartford Financial Services Group by 2.9% in the 4th 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 buying an additional 34,938 shares during the period. AustralianSuper Pty Ltd raised its position in shares of The Hartford Financial Services Group by 265.5% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,213,074 shares of the insurance provider's stock worth $132,710,000 after purchasing an additional 881,224 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in The Hartford Financial Services Group by 42.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider's stock worth $110,000,000 after buying an additional 277,295 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of The Hartford Financial Services Group by 437.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider's stock valued at $95,322,000 after purchasing an additional 709,324 shares during the period. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Financial Services Group Price Performance

Shares of NYSE:HIG traded up $2.01 during trading on Monday, reaching $119.77. The stock had a trading volume of 2,067,706 shares, compared to its average volume of 1,754,058. The business's 50-day moving average price is $111.72 and its 200 day moving average price is $114.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market capitalization of $34.18 billion, a PE ratio of 11.57, a P/E/G ratio of 1.12 and a beta of 0.97. The Hartford Financial Services Group, Inc. has a 52 week low of $94.32 and a 52 week high of $124.90.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its 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 return on equity of 19.55% and a net margin of 11.72%. As a group, equities analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio (DPR) is currently 20.10%.

Wall Street Analyst Weigh In

HIG has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their target price on shares of 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. Royal Bank of Canada restated a "sector perform" rating and set a $125.00 price target on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. BMO Capital Markets increased their price objective on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a "market perform" rating in a report on Wednesday, November 27th. Piper Sandler upped their price target on The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, StockNews.com lowered shares of The Hartford Financial Services Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Ten equities 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $122.94.

About The Hartford Financial Services Group

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.