QRG Capital Management Inc. Sells 2,452 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

QRG Capital Management Inc. lowered its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 1.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 201,170 shares of the insurance provider's stock after selling 2,452 shares during the period. QRG Capital Management Inc. owned 0.07% of The Hartford Financial Services Group worth $24,891,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HIG. Kestra Private Wealth Services LLC raised its stake in The Hartford Financial Services Group by 96.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,243 shares of the insurance provider's stock valued at $464,000 after acquiring an additional 2,080 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of The Hartford Financial Services Group by 70.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,739 shares of the insurance provider's stock valued at $14,365,000 after purchasing an additional 54,224 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of The Hartford Financial Services Group by 10.7% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,994 shares of the insurance provider's stock valued at $218,000 after purchasing an additional 193 shares during the period. Legacy Capital Wealth Partners LLC boosted its stake in shares of The Hartford Financial Services Group by 20.4% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 5,161 shares of the insurance provider's stock valued at $565,000 after buying an additional 876 shares during the period. Finally, Principal Securities Inc. increased its stake in The Hartford Financial Services Group by 15.4% during the 4th quarter. Principal Securities Inc. now owns 2,646 shares of the insurance provider's stock worth $289,000 after acquiring an additional 354 shares during the period. Institutional investors and hedge funds own 93.42% of the company's stock.

Wall Street Analyst Weigh In

HIG has been the topic of several analyst reports. Piper Sandler increased their target price on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Barclays raised their target price on shares of 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. Wells Fargo & Company cut their price target on shares of The Hartford Financial Services Group from $126.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. upped their target price on The Hartford Financial Services Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Finally, Wall Street Zen upgraded The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.15.

The Hartford Financial Services Group Trading Up 0.5%

NYSE HIG traded up $0.60 on Monday, hitting $125.83. The company's stock had a trading volume of 1,541,239 shares, compared to its average volume of 1,580,456. The firm has a market cap of $35.75 billion, a PE ratio of 12.16, a PEG ratio of 1.12 and a beta of 0.71. The company's 50-day moving average is $124.32 and its 200 day moving average is $117.83. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The Hartford Financial Services Group, Inc. has a 1-year low of $98.16 and a 1-year high of $132.09.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same quarter in the previous year, the company posted $2.34 EPS. The business's revenue was up 6.1% on a year-over-year basis. As a group, analysts predict 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. Shareholders of record on Monday, June 2nd will be given a dividend of $0.52 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.65%. The Hartford Financial Services Group's dividend payout ratio (DPR) is currently 20.74%.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, CEO Christopher Swift sold 1,144 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total transaction of $143,000.00. Following the transaction, the chief executive officer now owns 211,082 shares in the company, valued at approximately $26,385,250. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Allison G. Niderno sold 1,086 shares of The Hartford Financial Services Group stock in a transaction dated 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 of the company's stock, valued at $74,279.24. This represents a 63.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

About The Hartford Financial Services Group

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.