Gotham Asset Management LLC Has $15.95 Million Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Gotham Asset Management LLC lifted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 31.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 145,804 shares of the insurance provider's stock after purchasing an additional 35,138 shares during the quarter. Gotham Asset Management LLC owned 0.05% of The Hartford Financial Services Group worth $15,951,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of HIG. Catalyst Financial Partners LLC increased its holdings in shares of The Hartford Financial Services Group by 3.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 3,079 shares of the insurance provider's stock valued at $337,000 after acquiring an additional 90 shares during the last quarter. Barrett & Company Inc. increased its holdings in shares of 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 valued at $32,000 after acquiring an additional 93 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of The Hartford Financial Services Group by 2.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,468 shares of the insurance provider's stock valued at $489,000 after acquiring an additional 97 shares during the last quarter. Lifestyle Asset Management Inc. grew its holdings in The Hartford Financial Services Group by 0.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider's stock valued at $1,258,000 after buying an additional 98 shares during the last quarter. Finally, Smithfield Trust Co grew its holdings in The Hartford Financial Services Group by 26.7% in the 4th quarter. Smithfield Trust Co now owns 475 shares of the insurance provider's stock valued at $51,000 after buying an additional 100 shares during the last quarter. Institutional investors own 93.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. UBS Group raised their target price 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 raised their target price 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. Raymond James raised their target price on The Hartford Financial Services Group from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, March 31st. JPMorgan Chase & Co. raised their target price on 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. Finally, Jefferies Financial Group reduced their price objective on The Hartford Financial Services Group from $118.00 to $117.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $126.87.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, CEO Christopher Swift sold 98,061 shares of The Hartford Financial Services Group stock in a transaction on Monday, March 17th. The stock was sold at an average price of $120.39, for a total value of $11,805,563.79. Following the completion of the transaction, the chief executive officer now owns 211,082 shares in the company, valued at approximately $25,412,161.98. The trade was a 31.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert W. Paiano sold 13,138 shares of The Hartford Financial Services Group stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $117.20, for a total value of $1,539,773.60. Following the completion of the transaction, the executive vice president now owns 31,678 shares of the company's stock, valued at approximately $3,712,661.60. The trade was a 29.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,429 shares of company stock worth $13,618,028. 1.50% of the stock is currently owned by insiders.

The Hartford Financial Services Group Price Performance

Shares of The Hartford Financial Services Group stock traded down $1.49 during midday trading on Wednesday, hitting $126.44. 1,727,548 shares of the company were exchanged, compared to its average volume of 1,578,644. The firm has a 50 day simple moving average of $119.98 and a 200-day simple moving average of $115.94. 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 Hartford Financial Services Group, Inc. has a 52 week low of $98.16 and a 52 week high of $129.75. The firm has a market cap of $35.92 billion, a P/E ratio of 12.22, a PEG ratio of 1.12 and a beta of 0.70.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.05. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the previous year, the company posted $2.34 EPS. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd were given a $0.52 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.08 annualized dividend and a yield of 1.65%. The Hartford Financial Services Group's payout ratio 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.