The Hartford Financial Services Group, Inc. (NYSE:HIG) Holdings Raised by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group boosted its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,641 shares of the insurance provider’s stock after purchasing an additional 297 shares during the period. Rehmann Capital Advisory Group’s holdings in The Hartford Financial Services Group were worth $1,274,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HIG. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of The Hartford Financial Services Group by 3,342.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock valued at $26,000 after buying an additional 234 shares during the period. Barrett & Company Inc. lifted its position in The Hartford Financial Services Group by 46.5% during the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 93 shares during the last quarter. DT Investment Partners LLC boosted its stake in The Hartford Financial Services Group by 49.8% during the 4th quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 110 shares during the period. Flagship Wealth Advisors LLC bought a new stake in shares of The Hartford Financial Services Group in the fourth quarter valued at approximately $36,000. Finally, Key Financial Inc grew its position in The Hartford Financial Services Group by 526.3% in the 4th quarter. Key Financial Inc now owns 357 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 300 shares during the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com upgraded The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Piper Sandler boosted their target price on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Barclays raised their price objective on shares of The Hartford Financial Services Group from $140.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Keefe, Bruyette & Woods cut their price objective on shares of The Hartford Financial Services Group from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of The Hartford Financial Services Group from $125.00 to $129.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.87.

The Hartford Financial Services Group Stock Performance

Shares of HIG stock opened at $122.65 on Thursday. 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 company has a fifty day moving average price of $118.23 and a two-hundred day moving average price of $115.51. The stock has a market cap of $34.85 billion, a P/E ratio of 11.85, a P/E/G ratio of 1.12 and a beta of 0.68. The Hartford Financial Services Group, Inc. has a one year low of $96.31 and a one year high of $125.08.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.05. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.97 billion. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.34 EPS. As a group, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Monday, March 3rd. The Hartford Financial Services Group’s dividend payout ratio is 20.74%.

Insider Transactions at The Hartford Financial Services Group

In related news, CEO Christopher Swift sold 98,061 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $120.39, for a total value of $11,805,563.79. Following the transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at $25,412,161.98. This trade represents a 31.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert W. Paiano sold 13,138 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $117.20, for a total transaction of $1,539,773.60. Following the transaction, the executive vice president now directly owns 31,678 shares in the company, valued at $3,712,661.60. The trade was a 29.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,429 shares of company stock valued at $13,618,028. 1.50% of the stock is currently owned by company insiders.

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.