Signaturefd LLC Raises Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Signaturefd LLC grew its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 10.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,384 shares of the insurance provider’s stock after purchasing an additional 522 shares during the quarter. Signaturefd LLC’s holdings in The Hartford Financial Services Group were worth $433,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HIG. Victory Capital Management Inc. raised its holdings in The Hartford Financial Services Group by 26.7% in the third quarter. Victory Capital Management Inc. now owns 5,142,167 shares of the insurance provider’s stock worth $364,631,000 after buying an additional 1,083,420 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of The Hartford Financial Services Group by 144.3% in the third quarter. Qube Research & Technologies Ltd now owns 926,033 shares of the insurance provider’s stock worth $65,665,000 after acquiring an additional 546,969 shares during the period. Nordea Investment Management AB grew its stake in shares of The Hartford Financial Services Group by 20.2% in the fourth quarter. Nordea Investment Management AB now owns 2,958,172 shares of the insurance provider’s stock worth $237,600,000 after acquiring an additional 497,916 shares during the period. Great Lakes Advisors LLC grew its stake in shares of The Hartford Financial Services Group by 41.5% in the third quarter. Great Lakes Advisors LLC now owns 1,592,479 shares of the insurance provider’s stock worth $112,923,000 after acquiring an additional 467,030 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of The Hartford Financial Services Group by 23.6% in the third quarter. AQR Capital Management LLC now owns 1,179,682 shares of the insurance provider’s stock worth $83,651,000 after acquiring an additional 224,979 shares during the period. 93.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HIG has been the subject of a number of research analyst reports. Citigroup lifted their price target on shares of The Hartford Financial Services Group from $109.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley lifted their price target on shares of The Hartford Financial Services Group from $94.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Evercore ISI lifted their price target on shares of The Hartford Financial Services Group from $96.00 to $104.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Piper Sandler restated an “overweight” rating and set a $115.00 target price on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. Finally, Roth Mkm boosted their target price on shares of The Hartford Financial Services Group from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.56.

The Hartford Financial Services Group Stock Performance

HIG opened at $99.86 on Thursday. The Hartford Financial Services Group, Inc. has a 1-year low of $67.05 and a 1-year high of $103.64. The company has a 50 day simple moving average of $98.33 and a two-hundred day simple moving average of $85.97. 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 firm has a market cap of $29.69 billion, a P/E ratio of 12.50, a PEG ratio of 1.41 and a beta of 0.89.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results 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 firm had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter in the previous year, the firm earned $2.31 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts forecast that The Hartford Financial Services Group, Inc. will post 10.13 earnings per share for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

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

Insider Transactions at The Hartford Financial Services Group

In other news, 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 value of $2,670,695.60. Following the transaction, the executive vice president now owns 18,906 shares of the company’s stock, valued at $1,869,803.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Michael R. Fisher sold 27,004 shares of the company’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 owns 18,906 shares of the company’s stock, valued at $1,869,803.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Allison G. Niderno sold 1,332 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $89.74, for a total transaction of $119,533.68. Following the sale, the senior vice president now directly owns 630 shares in the company, valued at approximately $56,536.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,501 shares of company stock valued at $10,141,126. 1.60% of the stock is currently owned by corporate insiders.

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.