SG Americas Securities LLC Purchases 923 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

SG Americas Securities LLC lifted its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 29,206 shares of the insurance provider’s stock after buying an additional 923 shares during the period. SG Americas Securities LLC’s holdings in The Hartford Financial Services Group were worth $2,348,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Guidance Capital Inc. acquired a new stake in The Hartford Financial Services Group in the second quarter valued at about $514,000. Teza Capital Management LLC acquired a new position in shares of The Hartford Financial Services Group during the third quarter worth $2,087,000. The Manufacturers Life Insurance Company increased its holdings in shares of The Hartford Financial Services Group by 62.7% during the third quarter. The Manufacturers Life Insurance Company now owns 343,993 shares of the insurance provider’s stock worth $24,393,000 after buying an additional 132,523 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of The Hartford Financial Services Group in the 3rd quarter valued at $2,828,000. Finally, Stifel Financial Corp boosted its holdings in shares of The Hartford Financial Services Group by 5.2% during the 3rd quarter. Stifel Financial Corp now owns 229,461 shares of the insurance provider’s stock valued at $16,271,000 after acquiring an additional 11,345 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Financial Services Group Trading Up 0.2 %

Shares of HIG stock opened at $100.91 on Wednesday. The Hartford Financial Services Group, Inc. has a fifty-two week low of $66.56 and a fifty-two week high of $101.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a 50 day simple moving average of $92.80 and a two-hundred day simple moving average of $81.71. The company has a market cap of $30.01 billion, a P/E ratio of 12.63, a PEG ratio of 1.44 and a beta of 0.88.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.62. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The firm had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $5.84 billion. During the same period in the previous year, the firm posted $2.31 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. Research analysts forecast that The Hartford Financial Services Group, Inc. will post 9.94 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Monday, March 4th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, March 1st. The Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 23.53%.

Insiders Place Their Bets

In other news, CEO Christopher Swift sold 3,337 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $83.00, for a total transaction of $276,971.00. Following the transaction, the chief executive officer now directly owns 170,180 shares of the company’s stock, valued at $14,124,940. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other The Hartford Financial Services Group news, CEO Christopher Swift sold 3,337 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $83.00, for a total value of $276,971.00. Following the transaction, the chief executive officer now directly owns 170,180 shares of the company’s stock, valued at $14,124,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David C. Robinson sold 15,000 shares of The Hartford Financial Services Group stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $89.64, for a total value of $1,344,600.00. Following the transaction, the executive vice president now owns 8,201 shares of the company’s stock, valued at approximately $735,137.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 259,342 shares of company stock worth $23,256,523. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on HIG. Piper Sandler increased their target price on The Hartford Financial Services Group from $97.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. TD Cowen began coverage on shares of The Hartford Financial Services Group in a report on Wednesday, January 10th. They issued an “outperform” rating for the company. Keefe, Bruyette & Woods boosted their target price on shares of The Hartford Financial Services Group from $108.00 to $114.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. UBS Group raised their price target on shares of The Hartford Financial Services Group from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Roth Mkm boosted their price objective on shares of The Hartford Financial Services Group from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and an average price target of $92.06.

View Our Latest Stock Analysis on The Hartford Financial Services Group

The Hartford Financial Services Group Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report).

Institutional Ownership by Quarter for The Hartford Financial Services Group (NYSE:HIG)

Receive News & Ratings for The Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.