US Bancorp DE Sells 5,307 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

US Bancorp DE lowered its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,560 shares of the insurance provider's stock after selling 5,307 shares during the period. US Bancorp DE's holdings in The Hartford Financial Services Group were worth $13,955,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. grew its stake in The Hartford Financial Services Group by 3,342.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 234 shares in the last quarter. Barrett & Company Inc. boosted its holdings in The Hartford Financial Services Group by 46.5% in the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 93 shares during the period. BNP Paribas purchased a new position in shares of The Hartford Financial Services Group during the 3rd quarter valued at $35,000. DT Investment Partners LLC increased its holdings in shares of The Hartford Financial Services Group by 49.8% in the fourth quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider's stock worth $36,000 after purchasing an additional 110 shares during the period. Finally, Key Financial Inc raised its position in shares of The Hartford Financial Services Group by 526.3% in the fourth quarter. Key Financial Inc now owns 357 shares of the insurance provider's stock worth $39,000 after buying an additional 300 shares in the last quarter. 93.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HIG has been the subject of a number of research reports. Wells Fargo & Company cut their price objective on 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. Keefe, Bruyette & Woods boosted their price objective on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Barclays raised shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $130.00 to $135.00 in a report on Monday, January 6th. BMO Capital Markets boosted 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 note on Wednesday, November 27th. Finally, Piper Sandler boosted their target price 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 given a strong buy rating to the stock. According to data from MarketBeat.com, The Hartford Financial Services Group has an average rating of "Moderate Buy" and an average price target of $122.94.

The Hartford Financial Services Group Trading Down 2.2 %

Shares of HIG traded down $2.63 during trading hours on Tuesday, reaching $117.14. 2,332,661 shares of the company traded hands, compared to its average volume of 1,768,343. The Hartford Financial Services Group, Inc. has a 12 month low of $94.47 and a 12 month high of $124.90. The company has a market capitalization of $33.43 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. The company's fifty day moving average price is $111.92 and its two-hundred day moving average price is $114.58. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share 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%. Equities research analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.78%. The ex-dividend date is Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio 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.