TKG Advisors LLC Boosts Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

TKG Advisors LLC lifted its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 119.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,015 shares of the insurance provider's stock after purchasing an additional 22,834 shares during the quarter. The Hartford Financial Services Group makes up about 2.2% of TKG Advisors LLC's holdings, making the stock its 16th biggest position. TKG Advisors LLC's holdings in The Hartford Financial Services Group were worth $4,684,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HIG. AustralianSuper Pty Ltd boosted its holdings 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 buying an additional 881,224 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of The Hartford Financial Services Group by 437.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider's stock worth $95,322,000 after buying an additional 709,324 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of The Hartford Financial Services Group by 31,680.4% during the 3rd quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider's stock worth $816,310,000 after buying an additional 691,900 shares during the period. Nordea Investment Management AB boosted its holdings in shares of The Hartford Financial Services Group by 17.3% during the 4th quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock worth $430,272,000 after buying an additional 581,103 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in The Hartford Financial Services Group by 42.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider's stock valued at $110,000,000 after purchasing an additional 277,295 shares during the period. 93.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. BMO Capital Markets increased their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a report on Wednesday, November 27th. Royal Bank of Canada reissued a "sector perform" rating and issued a $125.00 price target on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Barclays raised shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $130.00 to $135.00 in a report on Monday, January 6th. 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 for the company in a report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, The Hartford Financial Services Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.94.

The Hartford Financial Services Group Stock Performance

Shares of HIG stock traded down $1.00 on Friday, hitting $111.37. The company's stock had a trading volume of 2,403,711 shares, compared to its average volume of 1,627,411. 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 stock's 50 day moving average is $110.95 and its 200-day moving average is $114.16. The Hartford Financial Services Group, Inc. has a fifty-two week low of $93.78 and a fifty-two week high of $124.90. The company has a market capitalization of $32.28 billion, a PE ratio of 10.76, a PEG ratio of 1.12 and a beta of 0.97.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect 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. Investors of record on Monday, March 3rd will be issued a dividend of $0.52 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.08 annualized dividend and a yield of 1.87%. The Hartford Financial Services Group's dividend payout ratio (DPR) is currently 20.10%.

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.