Twinbeech Capital LP Grows Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Twinbeech Capital LP increased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 513.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 108,014 shares of the insurance provider's stock after buying an additional 90,404 shares during the quarter. Twinbeech Capital LP's holdings in The Hartford Financial Services Group were worth $11,817,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HIG. Geode Capital Management LLC increased its holdings in The Hartford Financial Services Group by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 7,251,389 shares of the insurance provider's stock valued at $792,796,000 after purchasing an additional 81,495 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of The Hartford Financial Services Group by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 4,701,675 shares of the insurance provider's stock worth $514,363,000 after purchasing an additional 202,487 shares in the last quarter. Norges Bank acquired a new position in shares of The Hartford Financial Services Group during the fourth quarter worth $416,340,000. Northern Trust Corp lifted its position in The Hartford Financial Services Group by 17.2% in the fourth quarter. Northern Trust Corp now owns 3,537,665 shares of the insurance provider's stock valued at $387,021,000 after acquiring an additional 519,717 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in The Hartford Financial Services Group by 0.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,448,982 shares of the insurance provider's stock valued at $377,319,000 after acquiring an additional 25,053 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HIG shares. UBS Group upped their target price on shares of The Hartford Financial Services Group from $139.00 to $142.00 and gave the company a "buy" rating in a report on Monday, April 28th. Morgan Stanley increased their price target on shares of The Hartford Financial Services Group from $115.00 to $130.00 and gave the stock an "equal weight" rating in a report on Monday. JPMorgan Chase & Co. increased their target price on shares of The Hartford Financial Services Group from $125.00 to $129.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Wells Fargo & Company dropped their target price 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. Finally, Piper Sandler increased their price target on shares of The Hartford Financial Services Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Seven research 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $129.71.

The Hartford Financial Services Group Stock Up 0.4%

NYSE HIG opened at $131.66 on Tuesday. 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 company's 50 day simple moving average is $120.97 and its 200 day simple moving average is $116.47. The Hartford Financial Services Group, Inc. has a 12 month low of $98.16 and a 12 month high of $132.09. The company has a market capitalization of $37.41 billion, a P/E ratio of 12.72, a PEG ratio of 1.12 and a beta of 0.70.

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 firm had revenue of $6.81 billion for 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 company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.34 EPS. Equities research 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 20.74%.

Insider Buying and Selling at The Hartford Financial Services Group

In related news, SVP Allison G. Niderno sold 1,086 shares of the 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert W. Paiano sold 13,138 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $117.20, for a total transaction of $1,539,773.60. Following the sale, the executive vice president now owns 31,678 shares of the company's stock, valued at $3,712,661.60. This trade represents a 29.32% 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 ninety days. Company insiders own 1.50% of the company's stock.

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.

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