Caxton Associates LP Makes New Investment in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Caxton Associates LP purchased a new position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,236 shares of the insurance provider's stock, valued at approximately $463,000.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on The Hartford Financial Services Group from $126.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Piper Sandler lifted their price objective on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Jefferies Financial Group decreased their price target on The Hartford Financial Services Group from $118.00 to $117.00 and set a "hold" rating for the company in a report on Friday, April 11th. UBS Group increased their price target on The Hartford Financial Services Group from $139.00 to $142.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Finally, Barclays raised their target price on The Hartford Financial Services Group from $140.00 to $145.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $126.87.

Insiders Place Their Bets

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

The Hartford Financial Services Group Trading Up 0.3%

HIG traded up $0.34 on Tuesday, hitting $128.98. The company had a trading volume of 275,769 shares, compared to its average volume of 1,568,714. The firm has a market cap of $36.64 billion, a P/E ratio of 12.46, a PEG ratio of 1.12 and a beta of 0.70. The Hartford Financial Services Group, Inc. has a 1 year low of $98.16 and a 1 year high of $130.00. The company's fifty day moving average price is $119.75 and its 200 day moving average price is $115.85. 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 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, beating analysts' consensus estimates of $2.15 by $0.05. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.97 billion. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.34 earnings per share. As a group, equities analysts expect that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Monday, March 3rd. The Hartford Financial Services Group's payout ratio is currently 20.74%.

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.