Leuthold Group LLC Sells 1,287 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Leuthold Group LLC cut its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 37,502 shares of the insurance provider’s stock after selling 1,287 shares during the period. Leuthold Group LLC’s holdings in The Hartford Financial Services Group were worth $4,103,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in The Hartford Financial Services Group by 3.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 77,515 shares of the insurance provider’s stock worth $9,117,000 after acquiring an additional 2,279 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of The Hartford Financial Services Group by 98.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 11,668 shares of the insurance provider’s stock valued at $1,372,000 after purchasing an additional 5,775 shares in the last quarter. Private Advisor Group LLC grew its position in shares of The Hartford Financial Services Group by 23.9% during the 3rd quarter. Private Advisor Group LLC now owns 18,725 shares of the insurance provider’s stock valued at $2,202,000 after purchasing an additional 3,618 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of The Hartford Financial Services Group in the third quarter worth $633,000. Finally, DT Investment Partners LLC purchased a new stake in shares of The Hartford Financial Services Group in the third quarter worth $26,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on HIG. JPMorgan Chase & Co. upped their target price on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. BMO Capital Markets lifted their target price on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Wells Fargo & Company cut 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 research note on Monday, February 3rd. Finally, Piper Sandler raised their price objective on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Nine 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.94.

The Hartford Financial Services Group Stock Down 0.9 %

HIG opened at $111.37 on Friday. The Hartford Financial Services Group, Inc. has a 12 month low of $93.78 and a 12 month high of $124.90. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $110.96 and its 200-day moving average price is $114.05. The company has a market cap of $32.28 billion, a P/E ratio of 10.76, a P/E/G ratio of 1.13 and a beta of 0.97.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 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, equities analysts expect that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.87%. The Hartford Financial Services Group’s dividend payout ratio is currently 20.10%.

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.