Mn Services Vermogensbeheer B.V. Has $13.46 Million Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Mn Services Vermogensbeheer B.V. lessened its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 7.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 108,800 shares of the insurance provider's stock after selling 8,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in The Hartford Financial Services Group were worth $13,462,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HIG. Norges Bank bought a new position in shares of The Hartford Financial Services Group during the fourth quarter worth approximately $416,340,000. GAMMA Investing LLC increased its position in The Hartford Financial Services Group by 14,049.5% during the 1st quarter. GAMMA Investing LLC now owns 1,424,009 shares of the insurance provider's stock worth $1,761,930,000 after buying an additional 1,413,945 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of The Hartford Financial Services Group by 48.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider's stock worth $247,761,000 after buying an additional 735,170 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of The Hartford Financial Services Group by 11,904.7% during the fourth quarter. Proficio Capital Partners LLC now owns 631,565 shares of the insurance provider's stock worth $632,000 after buying an additional 626,304 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of The Hartford Financial Services Group in the fourth quarter valued at about $65,256,000. Institutional investors and hedge funds own 93.42% of the company's stock.

Insider Activity

In other The Hartford Financial Services Group news, CEO Christopher Swift sold 1,144 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now 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 link. Also, SVP Allison G. Niderno sold 1,086 shares of the business'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 $74,279.24. This trade represents a 63.58% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HIG shares. Jefferies Financial Group dropped their price objective on shares of The Hartford Financial Services Group from $118.00 to $117.00 and set a "hold" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. raised their price objective 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. Wall Street Zen raised The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Keefe, Bruyette & Woods reduced 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 report on Wednesday, April 9th. Finally, Wells Fargo & Company decreased their price target 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. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, The Hartford Financial Services Group currently has an average rating of "Moderate Buy" and an average target price of $131.15.

The Hartford Financial Services Group Price Performance

NYSE:HIG traded up $0.60 on Monday, hitting $125.83. The company had a trading volume of 1,541,239 shares, compared to its average volume of 1,580,456. The firm has a 50 day moving average of $124.32 and a two-hundred day moving average of $117.83. The stock has a market capitalization of $35.75 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.12 and a beta of 0.71. The Hartford Financial Services Group, Inc. has a 52 week low of $98.16 and a 52 week high of $132.09. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.05. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $2.34 EPS. On average, research analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Monday, June 2nd. The Hartford Financial Services Group's dividend payout ratio (DPR) is currently 20.74%.

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.