Xponance Inc. Has $3.41 Million Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Xponance Inc. reduced its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,409 shares of the insurance provider’s stock after selling 1,220 shares during the quarter. Xponance Inc.’s holdings in The Hartford Financial Services Group were worth $3,409,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. MV Capital Management Inc. grew its position in shares of The Hartford Financial Services Group by 8.9% during the 4th quarter. MV Capital Management Inc. now owns 1,416 shares of the insurance provider’s stock worth $114,000 after buying an additional 116 shares during the period. Realta Investment Advisors grew its holdings in The Hartford Financial Services Group by 3.7% in the fourth quarter. Realta Investment Advisors now owns 3,635 shares of the insurance provider’s stock worth $292,000 after purchasing an additional 129 shares during the period. Penserra Capital Management LLC increased its stake in The Hartford Financial Services Group by 8.4% in the fourth quarter. Penserra Capital Management LLC now owns 1,715 shares of the insurance provider’s stock valued at $129,000 after purchasing an additional 133 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of The Hartford Financial Services Group by 2.4% during the third quarter. Proficio Capital Partners LLC now owns 5,857 shares of the insurance provider’s stock valued at $415,000 after purchasing an additional 137 shares during the period. Finally, Perigon Wealth Management LLC boosted its position in shares of The Hartford Financial Services Group by 4.7% during the 4th quarter. Perigon Wealth Management LLC now owns 3,204 shares of the insurance provider’s stock worth $258,000 after purchasing an additional 143 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HIG has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their target price on The Hartford Financial Services Group from $92.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Royal Bank of Canada increased their target price on The Hartford Financial Services Group from $77.00 to $95.00 and gave the stock a “sector perform” rating in a report on Monday, February 5th. Citigroup boosted their price target on shares of The Hartford Financial Services Group from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. UBS Group raised their price objective 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, Wells Fargo & Company lifted their price objective on shares of The Hartford Financial Services Group from $106.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $105.56.

Insiders Place Their Bets

In other news, EVP Michael R. Fisher sold 27,004 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the transaction, the executive vice president now owns 18,906 shares of the company’s stock, valued at approximately $1,869,803.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Allison G. Niderno sold 1,516 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $94.55, for a total value of $143,337.80. Following the completion of the transaction, the senior vice president now directly owns 630 shares of the company’s stock, valued at approximately $59,566.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael R. Fisher sold 27,004 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the sale, the executive vice president now directly owns 18,906 shares in the company, valued at approximately $1,869,803.40. The disclosure for this sale can be found here. Insiders sold 201,308 shares of company stock valued at $18,356,153 over the last ninety days. 1.60% of the stock is currently owned by insiders.

The Hartford Financial Services Group Trading Up 2.1 %

NYSE HIG opened at $98.95 on Monday. The business’s fifty day moving average is $97.80 and its 200-day moving average is $85.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market capitalization of $29.42 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.40 and a beta of 0.89. The Hartford Financial Services Group, Inc. has a one year low of $67.05 and a one year high of $103.64.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Friday, February 2nd. The insurance provider reported $3.06 EPS for the quarter, topping 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 business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts predict that The Hartford Financial Services Group, Inc. will post 10.13 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, March 1st. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 23.53%.

The Hartford Financial Services Group Company 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.