Toronto Dominion Bank Grows Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Toronto Dominion Bank lifted its position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 155,542 shares of the insurance provider's stock after buying an additional 8,567 shares during the period. Toronto Dominion Bank owned approximately 0.05% of The Hartford Financial Services Group worth $17,016,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barrett & Company Inc. grew its position in shares of The Hartford Financial Services Group by 46.5% in the 4th 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 purchased a new position in shares of The Hartford Financial Services Group in the 4th quarter worth approximately $33,000. Itau Unibanco Holding S.A. purchased a new position in shares of The Hartford Financial Services Group in the 4th quarter worth approximately $35,000. DT Investment Partners LLC grew its position in shares of The Hartford Financial Services Group by 49.8% in the 4th quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider's stock worth $36,000 after buying an additional 110 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of The Hartford Financial Services Group in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 93.42% of the company's stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HIG. UBS Group lifted their target price on shares of 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. Morgan Stanley lifted their target price on shares of The Hartford Financial Services Group from $115.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Wall Street Zen upgraded shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Raymond James lifted their target price 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. Finally, Piper Sandler lifted 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 research note on Tuesday, April 1st. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $129.71.

The Hartford Financial Services Group Stock Performance

Shares of NYSE:HIG traded down $0.24 during trading on Friday, hitting $130.01. 4,803,044 shares of the stock traded hands, compared to its average volume of 1,582,768. 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 company has a market cap of $36.94 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.12 and a beta of 0.70. The company has a fifty day moving average price of $122.81 and a two-hundred day moving average price 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 for the quarter, beating the consensus estimate of $2.15 by $0.05. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 EPS. As a group, equities analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The company also recently announced 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 1.60%. The ex-dividend date is Monday, June 2nd. The Hartford Financial Services Group's dividend payout ratio (DPR) is 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.