Quantinno Capital Management LP Grows Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Quantinno Capital Management LP increased its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 34.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,135 shares of the insurance provider's stock after purchasing an additional 6,391 shares during the period. Quantinno Capital Management LP's holdings in The Hartford Financial Services Group were worth $2,750,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mufg Securities Americas Inc. bought a new stake in The Hartford Financial Services Group in the 4th quarter valued at $468,000. Man Group plc boosted its holdings in The Hartford Financial Services Group by 39.6% in the 4th quarter. Man Group plc now owns 991,678 shares of the insurance provider's stock valued at $108,490,000 after purchasing an additional 281,498 shares during the period. Nomura Holdings Inc. bought a new position in shares of The Hartford Financial Services Group in the fourth quarter worth $1,044,000. NorthRock Partners LLC bought a new stake in shares of The Hartford Financial Services Group during the 4th quarter valued at approximately $340,000. Finally, OMERS ADMINISTRATION Corp boosted its holdings in shares of The Hartford Financial Services Group by 20.0% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 12,499 shares of the insurance provider's stock valued at $1,367,000 after acquiring an additional 2,081 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen raised shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Barclays upped their target price 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. UBS Group lifted their target price 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. Wells Fargo & Company lowered their price target on shares of 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. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $125.00 price target on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $129.71.

Insider Buying and Selling

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

The Hartford Financial Services Group Trading Down 0.1%

The Hartford Financial Services Group stock traded down $0.19 during mid-day trading on Monday, hitting $128.86. The company's stock had a trading volume of 1,472,551 shares, compared to its average volume of 1,571,222. The business has a 50 day moving average price of $121.85 and a 200-day moving average price of $116.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The Hartford Financial Services Group, Inc. has a 12 month low of $98.16 and a 12 month high of $132.09. The stock has a market cap of $36.61 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.12 and a beta of 0.70.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates 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 Hartford Financial Services Group's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.34 EPS. As a group, analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.61%. The Hartford Financial Services Group's dividend payout ratio is presently 20.74%.

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.