271,928 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 271,928 shares of the insurance provider's stock, valued at approximately $29,749,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of The Hartford Financial Services Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Leigh Baldwin & CO. LLC bought a new stake in The Hartford Financial Services Group during the fourth quarter worth approximately $279,000. Armis Advisers LLC bought a new stake in The Hartford Financial Services Group during the fourth quarter worth approximately $381,000. Challenger Wealth Management bought a new stake in The Hartford Financial Services Group during the fourth quarter worth approximately $716,000. Toronto Dominion Bank increased its holdings in shares of The Hartford Financial Services Group by 5.8% in the fourth quarter. Toronto Dominion Bank now owns 155,542 shares of the insurance provider's stock valued at $17,016,000 after buying an additional 8,567 shares in the last quarter. Finally, Vise Technologies Inc. increased its holdings in shares of The Hartford Financial Services Group by 101.9% in the fourth quarter. Vise Technologies Inc. now owns 9,601 shares of the insurance provider's stock valued at $1,050,000 after buying an additional 4,845 shares in the last quarter. Institutional investors own 93.42% of the company's stock.

Wall Street Analysts Forecast Growth

HIG has been the topic of several research reports. Morgan Stanley upped their price target on 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. UBS Group upped their price target on 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. Piper Sandler upped their price target on The Hartford Financial Services Group from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Jefferies Financial Group dropped their price target on The Hartford Financial Services Group from $118.00 to $117.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $125.00 price target on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, The Hartford Financial Services Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.71.

Insider Activity

In other news, SVP Allison G. Niderno sold 1,086 shares of the business's 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 $74,279.24. The trade was a 63.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Robert W. Paiano sold 13,138 shares of the company's stock in a transaction on 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 completion of the sale, the executive vice president now owns 31,678 shares of the company's stock, valued at $3,712,661.60. This represents a 29.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,429 shares of company stock worth $13,618,028 in the last ninety days. Corporate insiders own 1.50% of the company's stock.

The Hartford Financial Services Group Stock Down 0.0%

NYSE:HIG traded down $0.01 during trading hours on Monday, hitting $129.83. 1,265,433 shares of the stock traded hands, compared to its average volume of 1,581,498. The firm has a 50 day moving average price of $122.96 and a 200 day moving average price of $117.43. 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, Inc. has a fifty-two week low of $98.16 and a fifty-two week high of $132.09. The firm has a market cap of $36.88 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.12 and a beta of 0.70.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, beating 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 previous year, the company posted $2.34 EPS. The Hartford Financial Services Group's revenue was up 6.1% on a year-over-year basis. Equities 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 Dividend Announcement

The business 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 1.60%. The ex-dividend date is Monday, June 2nd. The Hartford Financial Services Group's dividend payout ratio is currently 20.74%.

The Hartford Financial Services Group 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.