Jump Financial LLC Has $717,000 Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Jump Financial LLC trimmed its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 58.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,554 shares of the insurance provider's stock after selling 9,321 shares during the quarter. Jump Financial LLC's holdings in The Hartford Financial Services Group were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bridgewater Associates LP lifted its holdings in The Hartford Financial Services Group by 28.9% in the 4th quarter. Bridgewater Associates LP now owns 346,555 shares of the insurance provider's stock valued at $37,913,000 after acquiring an additional 77,608 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in The Hartford Financial Services Group by 1.8% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 10,496 shares of the insurance provider's stock valued at $1,148,000 after acquiring an additional 189 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in The Hartford Financial Services Group in the 4th quarter valued at about $33,373,000. Canada Post Corp Registered Pension Plan acquired a new stake in The Hartford Financial Services Group in the 4th quarter valued at about $761,000. Finally, Promethos Capital LLC lifted its holdings in The Hartford Financial Services Group by 3.5% in the 4th quarter. Promethos Capital LLC now owns 47,469 shares of the insurance provider's stock valued at $5,193,000 after acquiring an additional 1,590 shares during the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Raymond James boosted their price objective on The Hartford Financial Services Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. StockNews.com upgraded The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Barclays boosted their price objective on The Hartford Financial Services Group from $140.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on The Hartford Financial Services Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Finally, Wells Fargo & Company cut their price objective on The Hartford Financial Services Group from $126.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, The Hartford Financial Services Group has an average rating of "Moderate Buy" and an average target price of $126.87.

The Hartford Financial Services Group Stock Up 1.5 %

NYSE:HIG traded up $1.79 during mid-day trading on Monday, reaching $120.55. The stock had a trading volume of 1,581,045 shares, compared to its average volume of 1,569,763. The business's 50 day moving average is $117.81 and its 200 day moving average is $115.42. The Hartford Financial Services Group, Inc. has a fifty-two week low of $95.00 and a fifty-two week high of $125.08. The stock has a market cap of $34.72 billion, a P/E ratio of 11.65, a PEG ratio of 1.12 and a beta of 0.68. 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 (NYSE:HIG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts predict 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were issued a $0.52 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.08 dividend on an annualized basis and a yield of 1.73%. The Hartford Financial Services Group's dividend payout ratio is currently 20.10%.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, EVP Robert W. Paiano sold 13,138 shares of the company's stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher Swift sold 1,144 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total value of $143,000.00. Following the sale, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at $26,385,250. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 112,343 shares of company stock valued at $13,488,337 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

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.