Centiva Capital LP Purchases 16,399 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Centiva Capital LP lifted its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 198.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,655 shares of the insurance provider's stock after purchasing an additional 16,399 shares during the period. Centiva Capital LP's holdings in The Hartford Financial Services Group were worth $2,697,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HIG. Thurston Springer Miller Herd & Titak Inc. raised its position 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 valued at $26,000 after acquiring an additional 234 shares during the last quarter. Barrett & Company Inc. increased its holdings in The Hartford Financial Services Group by 46.5% in the fourth quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 93 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of The Hartford Financial Services Group during the 4th quarter worth about $35,000. DT Investment Partners LLC increased its stake 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 in the last quarter. Finally, Flagship Wealth Advisors LLC bought a new position in The Hartford Financial Services Group during the fourth quarter worth about $36,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, SVP Allison G. Niderno sold 1,086 shares of the business's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $119.42, for a total transaction of $129,690.12. Following the sale, the senior vice president now owns 622 shares of the company's stock, valued at $74,279.24. The trade was a 63.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher Swift sold 1,144 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 211,082 shares in the company, valued at approximately $26,385,250. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,429 shares of company stock worth $13,618,028 in the last ninety days. Company insiders own 1.50% of the company's stock.

The Hartford Financial Services Group Trading Down 0.6 %

Shares of HIG stock traded down $0.71 during trading hours on Friday, hitting $127.50. 1,350,259 shares of the company were exchanged, compared to its average volume of 1,573,679. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The company has a 50 day simple moving average of $119.54 and a two-hundred day simple moving average of $115.77. The firm has a market cap of $36.22 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.12 and a beta of 0.70. 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 Hartford Financial Services Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $6.97 billion. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. The business's revenue was up 6.1% on a year-over-year basis. During the same period last year, the company earned $2.34 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd were issued a $0.52 dividend. This represents a $2.08 annualized dividend 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 is presently 20.74%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Piper Sandler increased their price objective on shares of 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. Wells Fargo & Company dropped 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 research note on Thursday, April 10th. JPMorgan Chase & Co. boosted their target price on shares of The Hartford Financial Services Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Barclays increased their price target on shares of The Hartford Financial Services Group from $140.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, UBS Group boosted their price objective on shares of 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. 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.87.

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.