The Hartford Financial Services Group, Inc. (NYSE:HIG) Holdings Raised by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,499 shares of the insurance provider's stock after acquiring an additional 2,081 shares during the period. OMERS ADMINISTRATION Corp's holdings in The Hartford Financial Services Group were worth $1,367,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in The Hartford Financial Services Group by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 7,251,389 shares of the insurance provider's stock worth $792,796,000 after purchasing an additional 81,495 shares during the last quarter. Victory Capital Management Inc. grew its holdings in The Hartford Financial Services Group by 4.5% in the 4th quarter. Victory Capital Management Inc. now owns 4,701,675 shares of the insurance provider's stock worth $514,363,000 after buying an additional 202,487 shares in the last quarter. Norges Bank acquired a new stake in The Hartford Financial Services Group in the 4th quarter valued at approximately $416,340,000. Northern Trust Corp increased its position in The Hartford Financial Services Group by 17.2% in the 4th quarter. Northern Trust Corp now owns 3,537,665 shares of the insurance provider's stock valued at $387,021,000 after acquiring an additional 519,717 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in The Hartford Financial Services Group by 0.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,448,982 shares of the insurance provider's stock worth $377,319,000 after acquiring an additional 25,053 shares during the period. Institutional investors and hedge funds own 93.42% of the company's stock.

The Hartford Financial Services Group Price Performance

HIG stock traded down $0.49 on Thursday, hitting $129.14. 254,929 shares of the company's stock traded hands, compared to its average volume of 1,566,498. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The stock has a market cap of $36.69 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 1.12 and a beta of 0.70. The Hartford Financial Services Group, Inc. has a 1-year low of $98.16 and a 1-year high of $132.09. The stock has a fifty day moving average of $121.48 and a 200-day moving average of $116.66.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The company had revenue of $6.81 billion during 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 company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.34 EPS. On average, analysts forecast that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.61%. The Hartford Financial Services Group's dividend payout ratio (DPR) is 20.74%.

Insider Activity at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, SVP Allison G. Niderno sold 1,086 shares of the company's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $119.42, for a total transaction of $129,690.12. Following the completion of the sale, the senior vice president now directly owns 622 shares of the company's stock, valued at approximately $74,279.24. This represents a 63.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher Swift sold 98,061 shares of the firm's 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 sale, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at approximately $25,412,161.98. This trade represents a 31.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,429 shares of company stock worth $13,618,028 in the last quarter. 1.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HIG shares. Keefe, Bruyette & Woods decreased their price target on The Hartford Financial Services Group from $140.00 to $133.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company decreased their target price on shares of 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. Wall Street Zen raised shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research note on Tuesday. Barclays boosted their price target on shares of The Hartford Financial Services Group from $140.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Raymond James increased their price objective on shares of 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. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, The Hartford Financial Services Group currently has a consensus rating of "Moderate Buy" and an average target price of $129.71.

About The Hartford Financial Services Group

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.