Centiva Capital LP Has $2.70 Million Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Centiva Capital LP increased its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 198.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,655 shares of the insurance provider's stock after buying an additional 16,399 shares during the period. Centiva Capital LP's holdings in The Hartford Financial Services Group were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HIG. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of The Hartford Financial Services Group by 3,342.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock worth $26,000 after buying an additional 234 shares during 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 in the last quarter. Itau Unibanco Holding S.A. purchased a new position in The Hartford Financial Services Group during the fourth quarter valued at $35,000. DT Investment Partners LLC raised its position in The Hartford Financial Services Group by 49.8% in the 4th quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider's stock worth $36,000 after buying an additional 110 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of The Hartford Financial Services Group in the 4th quarter worth $36,000. 93.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on HIG shares. Barclays boosted their price objective on shares of 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. JPMorgan Chase & Co. lifted their target price 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. Keefe, Bruyette & Woods lowered their target price 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. Wells Fargo & Company reduced 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 report on Thursday, April 10th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $125.00 price objective on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.87.

The Hartford Financial Services Group Trading Up 0.1 %

Shares of HIG stock opened at $125.83 on Tuesday. The Hartford Financial Services Group, Inc. has a 52-week low of $98.16 and a 52-week high of $126.52. 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 stock has a fifty day simple moving average of $118.79 and a two-hundred day simple moving average of $115.54. The firm has a market capitalization of $35.75 billion, a PE ratio of 12.16, a PEG ratio of 1.12 and a beta of 0.70.

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 EPS for the quarter, topping the consensus estimate of $2.15 by $0.05. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates 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 for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.34 EPS. On average, analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd were paid a dividend of $0.52 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.08 annualized dividend and a yield of 1.65%. The Hartford Financial Services Group's dividend payout ratio is currently 20.74%.

Insider Transactions at The Hartford Financial Services Group

In related 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 transaction, the senior vice president now owns 622 shares in the company, valued at $74,279.24. The trade was a 63.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher Swift sold 98,061 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $120.39, for a total value of $11,805,563.79. Following the completion of the sale, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at $25,412,161.98. This represents a 31.72 % 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 three months. Insiders own 1.50% of the company's stock.

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.

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