Achmea Investment Management B.V. Has $25.55 Million Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Achmea Investment Management B.V. lessened its position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 5.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 233,521 shares of the insurance provider's stock after selling 14,399 shares during the period. Achmea Investment Management B.V. owned about 0.08% of The Hartford Financial Services Group worth $25,547,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HIG. AustralianSuper Pty Ltd boosted its stake in shares of The Hartford Financial Services Group by 265.5% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,213,074 shares of the insurance provider's stock valued at $132,710,000 after purchasing an additional 881,224 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of 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 purchasing an additional 709,324 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of The Hartford Financial Services Group by 11,904.7% in the 4th quarter. Proficio Capital Partners LLC now owns 631,565 shares of the insurance provider's stock valued at $632,000 after purchasing an additional 626,304 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of The Hartford Financial Services Group in the 4th quarter valued at $65,256,000. Finally, Nordea Investment Management AB boosted its stake in shares of The Hartford Financial Services Group by 17.3% in the 4th 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. Institutional investors and hedge funds own 93.42% of the company's stock.

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Insiders Place Their Bets

In other The Hartford Financial Services Group news, EVP Robert W. Paiano sold 13,138 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 31,678 shares of the company's stock, valued at $3,712,661.60. This represents a 29.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.60% of the company's stock.

The Hartford Financial Services Group Stock Up 0.5 %

NYSE HIG traded up $0.63 during trading hours on Thursday, reaching $116.41. 1,180,490 shares of the company's stock were exchanged, compared to its average volume of 1,740,885. The company's 50-day moving average is $113.06 and its two-hundred day moving average is $114.85. The Hartford Financial Services Group, Inc. has a one year low of $94.47 and a one year high of $124.90. 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 company has a market capitalization of $33.22 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 1.12 and a beta of 0.91.

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 earnings per share (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%. On average, analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio (DPR) is currently 20.10%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $125.00 target price on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. StockNews.com upgraded shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research report on Monday. BMO Capital Markets upped their price target 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. Piper Sandler upped their price target on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company reduced 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 research report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, The Hartford Financial Services Group presently has an average rating of "Moderate Buy" and an average price target of $122.94.

The Hartford Financial Services Group Company 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.