The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC boosted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,843,118 shares of the insurance provider's stock after buying an additional 128,258 shares during the quarter. AQR Capital Management LLC owned approximately 0.64% of The Hartford Financial Services Group worth $201,637,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Catalyst Financial Partners LLC increased its stake in The Hartford Financial Services Group by 3.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 3,079 shares of the insurance provider's stock worth $337,000 after acquiring an additional 90 shares during the period. Barrett & Company Inc. raised its holdings in The Hartford Financial Services Group by 46.5% in the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock valued at $32,000 after buying an additional 93 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in The Hartford Financial Services Group by 2.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,468 shares of the insurance provider's stock valued at $489,000 after purchasing an additional 97 shares during the period. Lifestyle Asset Management Inc. grew its position in shares of The Hartford Financial Services Group by 0.9% during the 4th quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider's stock worth $1,258,000 after buying an additional 98 shares during the period. Finally, Smithfield Trust Co grew its position in The Hartford Financial Services Group by 26.7% in the 4th quarter. Smithfield Trust Co now owns 475 shares of the insurance provider's stock valued at $51,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 93.42% of the company's stock.

Insider Activity at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, CEO Christopher Swift sold 1,144 shares of The Hartford Financial Services Group stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total value of $143,000.00. Following the sale, the chief executive officer now owns 211,082 shares of the company's stock, valued at approximately $26,385,250. The trade was a 0.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Allison G. Niderno sold 1,086 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $119.42, for a total value of $129,690.12. Following the sale, the senior vice president now directly owns 622 shares in the company, valued at $74,279.24. This trade represents a 63.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,429 shares of company stock worth $13,618,028. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company cut their price objective on shares of The Hartford Financial Services Group from $126.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods decreased 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 research report on Wednesday, April 9th. Piper Sandler increased their target price on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Raymond James increased their target price on The Hartford Financial Services Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. raised their price objective on The Hartford Financial Services Group from $125.00 to $129.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.87.

The Hartford Financial Services Group Stock Down 0.6 %

Shares of HIG stock traded down $0.70 during trading hours on Thursday, reaching $121.97. 1,771,354 shares of the company's stock were exchanged, compared to its average volume of 1,570,220. The Hartford Financial Services Group, Inc. has a 1 year low of $96.31 and a 1 year high of $125.08. The stock has a market cap of $34.65 billion, a PE ratio of 11.78, a PEG ratio of 1.12 and a beta of 0.68. 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 stock's fifty day moving average price is $118.40 and its two-hundred day moving average price is $115.54.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last issued its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.05. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. The firm had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.97 billion. During the same quarter last year, the company posted $2.34 earnings per share. The firm's revenue was up 6.1% compared to the same quarter last year. Research analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.08 dividend on an annualized basis and a yield of 1.71%. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 20.74%.

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.