Nuveen Asset Management LLC Has $114.64 Million Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Nuveen Asset Management LLC decreased its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,047,887 shares of the insurance provider's stock after selling 44,894 shares during the period. Nuveen Asset Management LLC owned about 0.36% of The Hartford Financial Services Group worth $114,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of HIG. Catalyst Financial Partners LLC boosted its holdings in The Hartford Financial Services Group by 3.0% in the 4th quarter. Catalyst Financial Partners LLC now owns 3,079 shares of the insurance provider's stock worth $337,000 after buying an additional 90 shares during the period. Barrett & Company Inc. increased its stake in The Hartford Financial Services Group by 46.5% in the fourth 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 period. Wilmington Savings Fund Society FSB grew its stake in The Hartford Financial Services Group by 2.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,468 shares of the insurance provider's stock worth $489,000 after acquiring an additional 97 shares in the last quarter. Lifestyle Asset Management Inc. increased its position in shares of The Hartford Financial Services Group by 0.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider's stock worth $1,258,000 after acquiring an additional 98 shares during the period. Finally, Smithfield Trust Co increased its position in shares of The Hartford Financial Services Group by 26.7% during the fourth quarter. Smithfield Trust Co now owns 475 shares of the insurance provider's stock worth $51,000 after acquiring an additional 100 shares during the period. Institutional investors own 93.42% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wells Fargo & Company reduced their target price on The Hartford Financial Services Group from $126.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. boosted their price target on shares of The Hartford Financial Services Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Raymond James raised their price target on The Hartford Financial Services Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Barclays boosted their target price on The Hartford Financial Services Group from $140.00 to $145.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Piper Sandler lifted their target price on shares of 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. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.71.

The Hartford Financial Services Group Stock Performance

Shares of HIG traded down $0.53 during mid-day trading on Tuesday, hitting $131.14. The stock had a trading volume of 1,019,238 shares, compared to its average volume of 1,567,625. The company has a market cap of $37.26 billion, a PE ratio of 12.67, a PEG ratio of 1.12 and a beta of 0.70. The company's fifty day simple moving average is $120.97 and its two-hundred day simple moving average is $116.47. 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 Hartford Financial Services Group, Inc. has a fifty-two week low of $98.16 and a fifty-two week high of $132.09.

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 the consensus estimate of $2.15 by $0.05. The business 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 was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $2.34 EPS. On average, equities analysts expect 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.59%. The ex-dividend date was Monday, March 3rd. The Hartford Financial Services Group's payout ratio is currently 20.74%.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Robert W. Paiano sold 13,138 shares of the 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 transaction, the executive vice president now directly owns 31,678 shares of the company's stock, valued at approximately $3,712,661.60. This trade represents a 29.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher Swift sold 1,144 shares of the company's stock in a transaction on 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 sale, the chief executive officer now owns 211,082 shares of the company's stock, valued at approximately $26,385,250. This trade represents a 0.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,429 shares of company stock valued at $13,618,028 in the last quarter. 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.