4,280 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. bought a new position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,280 shares of the insurance provider's stock, valued at approximately $468,000.

A number of other institutional investors also recently bought and sold shares of HIG. Miracle Mile Advisors LLC acquired a new position in shares of The Hartford Financial Services Group in the fourth quarter worth $521,000. Accurate Wealth Management LLC lifted its stake in shares of The Hartford Financial Services Group by 14.4% during the fourth quarter. Accurate Wealth Management LLC now owns 4,361 shares of the insurance provider's stock valued at $464,000 after buying an additional 548 shares during the period. SeaCrest Wealth Management LLC boosted its position in The Hartford Financial Services Group by 28.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 3,540 shares of the insurance provider's stock worth $387,000 after acquiring an additional 775 shares during the last quarter. Oak Thistle LLC grew its stake in The Hartford Financial Services Group by 125.1% in the 4th quarter. Oak Thistle LLC now owns 6,528 shares of the insurance provider's stock worth $714,000 after acquiring an additional 3,628 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its holdings in The Hartford Financial Services Group by 4.8% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,285 shares of the insurance provider's stock valued at $469,000 after acquiring an additional 197 shares during the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Christopher Swift sold 1,144 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total value of $143,000.00. Following the completion of the transaction, the chief executive officer now owns 211,082 shares of the company's stock, valued at approximately $26,385,250. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Allison G. Niderno sold 1,086 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $119.42, for a total value of $129,690.12. Following the completion of the transaction, the senior vice president now directly owns 622 shares in the company, valued at approximately $74,279.24. This trade represents a 63.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,429 shares of company stock worth $13,618,028. Corporate insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. raised 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. Morgan Stanley raised their price objective on The Hartford Financial Services Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a research report on Monday. Wells Fargo & Company decreased their target price on The Hartford Financial Services Group from $126.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Barclays raised their target price on 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. Finally, UBS Group lifted their price target on shares of The Hartford Financial Services Group from $139.00 to $142.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $129.71.

The Hartford Financial Services Group Price Performance

HIG traded up $0.54 during midday trading on Monday, reaching $131.66. 1,205,054 shares of the company's stock were exchanged, compared to its average volume of 1,569,818. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $120.66 and a two-hundred day simple moving average of $116.32. The firm has a market capitalization of $37.41 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.12 and a beta of 0.70. The Hartford Financial Services Group, Inc. has a one year low of $98.16 and a one year high of $132.49.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.05. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.97 billion. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. The business'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. As a group, research analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were paid 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 payout ratio is presently 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.