LSV Asset Management Has $387.58 Million Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

LSV Asset Management boosted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,821,885 shares of the insurance provider's stock after buying an additional 165,190 shares during the period. The Hartford Financial Services Group makes up about 0.8% of LSV Asset Management's investment portfolio, making the stock its 18th largest position. LSV Asset Management owned about 1.60% of The Hartford Financial Services Group worth $387,583,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in The Hartford Financial Services Group by 1.3% in the 3rd quarter. Invesco Ltd. now owns 7,421,268 shares of the insurance provider's stock valued at $526,242,000 after buying an additional 91,911 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of The Hartford Financial Services Group by 2.1% in the 4th quarter. Victory Capital Management Inc. now owns 5,247,966 shares of the insurance provider's stock worth $421,832,000 after purchasing an additional 105,799 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of The Hartford Financial Services Group by 2.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,503,815 shares of the insurance provider's stock worth $248,646,000 after purchasing an additional 87,001 shares in the last quarter. Northern Trust Corp lifted its holdings in The Hartford Financial Services Group by 2.7% during the 3rd quarter. Northern Trust Corp now owns 3,363,524 shares of the insurance provider's stock valued at $238,507,000 after purchasing an additional 88,131 shares during the last quarter. Finally, Morgan Stanley boosted its position in The Hartford Financial Services Group by 0.9% in the third quarter. Morgan Stanley now owns 3,088,713 shares of the insurance provider's stock valued at $219,021,000 after buying an additional 28,092 shares in the last quarter. 93.42% of the stock is owned by institutional investors.

The Hartford Financial Services Group Trading Up 0.4 %

Shares of NYSE HIG traded up $0.41 during mid-day trading on Friday, hitting $97.90. The company's stock had a trading volume of 1,358,945 shares, compared to its average volume of 1,787,088. The stock has a market cap of $28.95 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.31 and a quick ratio of 0.31. The Hartford Financial Services Group, Inc. has a one year low of $67.05 and a one year high of $103.64. The company's fifty day simple moving average is $98.81 and its 200-day simple moving average is $87.34.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last issued its earnings results on Thursday, April 25th. The insurance provider reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.09). The business had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.51 billion. The Hartford Financial Services Group had a net margin of 10.87% and a return on equity of 20.64%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $1.68 EPS. On average, sell-side analysts anticipate that The Hartford Financial Services Group, Inc. will post 10.01 earnings per share for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 4th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, March 1st. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 21.36%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Raymond James reiterated an "outperform" rating and issued a $120.00 target price (up previously from $100.00) on shares of The Hartford Financial Services Group in a research note on Monday, April 1st. UBS Group boosted their price objective on The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a "buy" rating in a research note on Monday, February 5th. Wells Fargo & Company lowered their target price on The Hartford Financial Services Group from $117.00 to $111.00 and set an "overweight" rating for the company in a research note on Monday, April 29th. Roth Mkm lifted their price target on The Hartford Financial Services Group from $90.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, April 26th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of The Hartford Financial Services Group from $114.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.44.

Insider Buying and Selling

In related news, SVP Allison G. Niderno sold 1,332 shares of The Hartford Financial Services Group stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $89.74, for a total transaction of $119,533.68. Following the transaction, the senior vice president now owns 630 shares of the company's stock, valued at approximately $56,536.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Beth Ann Costello sold 38,915 shares of The Hartford Financial Services Group stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.42, for a total transaction of $3,713,269.30. Following the transaction, the chief financial officer now owns 69,169 shares of the company's stock, valued at approximately $6,600,105.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Allison G. Niderno sold 1,332 shares of The Hartford Financial Services Group stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $89.74, for a total transaction of $119,533.68. Following the transaction, the senior vice president now directly owns 630 shares in the company, valued at approximately $56,536.20. The disclosure for this sale can be found here. Insiders have sold 106,501 shares of company stock valued at $10,141,126 in the last 90 days. 1.60% of the stock is owned by 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.