4,236 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Acquired by Caxton Associates LP

Caxton Associates LP bought a new stake in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 4,236 shares of the insurance provider's stock, valued at approximately $463,000.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 worth $26,000 after acquiring an additional 234 shares in the last quarter. 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 worth $32,000 after purchasing an additional 93 shares during the period. Itau Unibanco Holding S.A. purchased a new position in The Hartford Financial Services Group during the fourth quarter worth approximately $35,000. DT Investment Partners LLC grew its holdings in The Hartford Financial Services Group by 49.8% in the fourth 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. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of The Hartford Financial Services Group in the fourth quarter valued at approximately $36,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HIG shares. Piper Sandler increased their target price on The Hartford Financial Services Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Royal Bank of Canada reissued a "sector perform" rating and set a $125.00 target price on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. JPMorgan Chase & Co. upped 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. Raymond James lifted their price objective on The Hartford Financial Services Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. Finally, Barclays increased their target price on The Hartford Financial Services Group from $140.00 to $145.00 and gave the company an "overweight" rating in a report on Friday, April 25th. 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $126.87.

The Hartford Financial Services Group Trading Down 0.6 %

The Hartford Financial Services Group stock traded down $0.71 during midday trading on Friday, hitting $127.50. 1,350,259 shares of the stock were exchanged, compared to its average volume of 1,572,825. 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 50-day simple moving average is $119.54 and its 200 day simple moving average is $115.80. The Hartford Financial Services Group, Inc. has a fifty-two week low of $98.16 and a fifty-two week high of $129.55. The stock has a market capitalization of $36.22 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 1.12 and a beta of 0.70.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter last year, the firm earned $2.34 EPS. The business's revenue was up 6.1% compared to the same quarter last year. On average, equities analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio (DPR) is 20.74%.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Robert W. Paiano sold 13,138 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $117.20, for a total value of $1,539,773.60. Following the completion of the transaction, the executive vice president now owns 31,678 shares of the company's stock, valued at approximately $3,712,661.60. This trade represents a 29.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Christopher Swift sold 98,061 shares of The Hartford Financial Services Group stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $120.39, for a total transaction of $11,805,563.79. Following the completion of the transaction, the chief executive officer now owns 211,082 shares of the company's stock, valued at $25,412,161.98. This trade represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,429 shares of company stock worth $13,618,028. 1.50% of the stock is currently owned by 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.