Css LLC Il Makes New $899,000 Investment in The Hartford Financial Services Group, Inc. (NYSE:HIG)

CSS LLC IL acquired a new stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,219 shares of the insurance provider's stock, valued at approximately $899,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Continuum Advisory LLC lifted its position in The Hartford Financial Services Group by 4.1% during the fourth quarter. Continuum Advisory LLC now owns 37,286 shares of the insurance provider's stock worth $4,079,000 after buying an additional 1,465 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of The Hartford Financial Services Group by 6.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,830,462 shares of the insurance provider's stock valued at $419,053,000 after acquiring an additional 234,320 shares during the last quarter. Spurstone Advisory Services LLC purchased a new position in shares of The Hartford Financial Services Group during the 4th quarter worth about $33,000. Twinbeech Capital LP boosted its position in shares of The Hartford Financial Services Group by 513.4% in the fourth quarter. Twinbeech Capital LP now owns 108,014 shares of the insurance provider's stock worth $11,817,000 after acquiring an additional 90,404 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in The Hartford Financial Services Group by 205.6% in the fourth quarter. Two Sigma Advisers LP now owns 38,500 shares of the insurance provider's stock valued at $4,212,000 after purchasing an additional 25,900 shares during the period. Hedge funds and other institutional investors own 93.42% of the company's stock.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, SVP Allison G. Niderno sold 1,086 shares of The Hartford Financial Services Group 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 sale, the senior vice president now directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher Swift sold 98,061 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $120.39, for a total value of $11,805,563.79. Following the completion of the transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at approximately $25,412,161.98. The trade was 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 quarter. 1.50% of the stock is owned by corporate insiders.

The Hartford Financial Services Group Stock Up 1.2%

Shares of HIG stock traded up $1.51 during trading hours on Tuesday, reaching $130.43. The company had a trading volume of 600,731 shares, compared to its average volume of 1,567,454. The company has a market capitalization of $37.06 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 1.12 and a beta of 0.70. 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 Hartford Financial Services Group, Inc. has a twelve month low of $98.16 and a twelve month high of $132.09. The stock's fifty day simple moving average is $122.03 and its 200 day simple moving average is $116.99.

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 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 company 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 company earned $2.34 earnings per share. The Hartford Financial Services Group's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, sell-side analysts expect that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Monday, June 2nd. The Hartford Financial Services Group's dividend payout ratio (DPR) is 20.74%.

Wall Street Analyst Weigh In

HIG has been the topic of a number of recent analyst reports. Raymond James increased their price target on shares of The Hartford Financial Services Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, March 31st. Keefe, Bruyette & Woods cut their target price on 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 boosted their price target 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. UBS Group upped 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, 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 note on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, The Hartford Financial Services Group presently has an average rating of "Moderate Buy" and an average price target of $129.71.

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.