Siemens Fonds Invest GmbH Increases Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Siemens Fonds Invest GmbH raised its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 91.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,518 shares of the insurance provider's stock after purchasing an additional 6,440 shares during the quarter. Siemens Fonds Invest GmbH's holdings in The Hartford Financial Services Group were worth $1,479,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Barrett & Company Inc. grew its stake in The Hartford Financial Services Group by 46.5% during the fourth quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock worth $32,000 after buying an additional 93 shares during the last quarter. Spurstone Advisory Services LLC bought a new stake in shares of The Hartford Financial Services Group during the fourth quarter valued at approximately $33,000. Itau Unibanco Holding S.A. acquired a new position in The Hartford Financial Services Group in the fourth quarter valued at approximately $35,000. DT Investment Partners LLC lifted its holdings 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 buying an additional 110 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new position in The Hartford Financial Services Group in the fourth quarter valued at approximately $36,000. Institutional investors own 93.42% of the company's stock.

The Hartford Financial Services Group Stock Performance

Shares of HIG traded down $0.24 during trading hours on Friday, hitting $130.01. The company's stock had a trading volume of 4,803,044 shares, compared to its average volume of 1,582,768. The company has a market cap of $36.94 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.12 and a beta of 0.70. 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 business has a 50 day simple moving average of $122.81 and a two-hundred day simple moving average of $117.35. The Hartford Financial Services Group, Inc. has a 52-week low of $98.16 and a 52-week high of $132.09.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.97 billion. During the same period in the prior year, the company posted $2.34 EPS. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities 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 Announces Dividend

The business also recently announced 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 of this dividend is Monday, June 2nd. This represents a $2.08 annualized dividend and a yield of 1.60%. The Hartford Financial Services Group's payout ratio is presently 20.74%.

Wall Street Analysts Forecast Growth

HIG has been the topic of several analyst reports. Piper Sandler increased their target price on shares of 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. JPMorgan Chase & Co. increased 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. Wells Fargo & Company dropped their price objective 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. Keefe, Bruyette & Woods dropped their price objective on shares of The Hartford Financial Services Group from $140.00 to $133.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Raymond James raised their price objective on shares of The Hartford Financial Services Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.71.

Insider Buying and Selling at The Hartford Financial Services Group

In other news, EVP Robert W. Paiano sold 13,138 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $117.20, for a total value of $1,539,773.60. Following the completion of the sale, the executive vice president now directly owns 31,678 shares in the company, valued at approximately $3,712,661.60. The trade was a 29.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher Swift sold 98,061 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $120.39, for a total transaction of $11,805,563.79. Following the completion of the sale, the chief executive officer now owns 211,082 shares of the company's stock, 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 sold a total of 113,429 shares of company stock worth $13,618,028 over the last three months. 1.50% of the stock is owned by insiders.

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.