The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Acquired by Unigestion Holding SA

Unigestion Holding SA increased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,858 shares of the insurance provider's stock after acquiring an additional 5,647 shares during the quarter. The Hartford Financial Services Group comprises 1.5% of Unigestion Holding SA's holdings, making the stock its 20th biggest position. Unigestion Holding SA owned 0.07% of The Hartford Financial Services Group worth $26,213,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HIG. Barrett & Company Inc. grew its position in The Hartford Financial Services Group by 46.5% during the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock worth $32,000 after purchasing an additional 93 shares during the last quarter. Spurstone Advisory Services LLC purchased a new stake in The Hartford Financial Services Group during the 4th quarter worth approximately $33,000. Itau Unibanco Holding S.A. purchased a new stake in The Hartford Financial Services Group during the 4th quarter worth approximately $35,000. DT Investment Partners LLC grew its position in The Hartford Financial Services Group by 49.8% during the 4th quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider's stock worth $36,000 after purchasing an additional 110 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in The Hartford Financial Services Group during the 4th quarter worth approximately $36,000. Institutional investors own 93.42% of the company's stock.

The Hartford Financial Services Group Stock Performance

NYSE HIG traded up $1.35 during mid-day trading on Friday, reaching $129.39. 1,115,140 shares of the stock were exchanged, compared to its average volume of 1,582,796. The business's 50 day moving average is $123.40 and its 200-day moving average is $117.75. The Hartford Financial Services Group, Inc. has a 1 year low of $98.16 and a 1 year high of $132.09. The company has a market capitalization of $36.76 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.12 and a beta of 0.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same period in the prior year, the firm posted $2.34 earnings per share. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The company 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. This represents a $2.08 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Monday, June 2nd. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 20.74%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Jefferies Financial Group dropped their target price on shares of The Hartford Financial Services Group from $118.00 to $117.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Piper Sandler boosted 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 report on Tuesday, April 1st. JPMorgan Chase & Co. upped their price objective 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. Morgan Stanley upped their price objective on shares of The Hartford Financial Services Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Barclays upped their price objective on shares of The Hartford Financial Services Group from $140.00 to $145.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently 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 stock in a transaction 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 transaction, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at $26,385,250. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Allison G. Niderno sold 1,086 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $119.42, for a total transaction of $129,690.12. Following the transaction, the senior vice president now directly owns 622 shares in the company, valued at approximately $74,279.24. The trade was a 63.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,429 shares of company stock valued at $13,618,028. Corporate 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.