2,807 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Acquired by Optimize Financial Inc

Optimize Financial Inc bought a new position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,807 shares of the insurance provider's stock, valued at approximately $307,000.

Several other large investors have also recently bought and sold shares of HIG. Catalyst Financial Partners LLC increased its position in The Hartford Financial Services Group by 3.0% during the fourth 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 in the last quarter. Barrett & Company Inc. lifted its holdings in The Hartford Financial Services Group by 46.5% in the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 93 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of The Hartford Financial Services Group by 2.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,468 shares of the insurance provider's stock worth $489,000 after purchasing an additional 97 shares during the last quarter. Lifestyle Asset Management Inc. grew its holdings 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 buying an additional 98 shares in the last quarter. Finally, Smithfield Trust Co lifted its stake 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 valued at $51,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 93.42% of the company's stock.

Insider Transactions at The Hartford Financial Services Group

In other news, CEO Christopher Swift sold 1,144 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total transaction 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. The trade was a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert W. Paiano sold 13,138 shares of the company's stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last three months, insiders have sold 112,343 shares of company stock worth $13,488,337. 1.60% of the stock is currently owned by insiders.

The Hartford Financial Services Group Stock Up 0.6 %

HIG traded up $0.69 during trading on Friday, hitting $117.84. The company had a trading volume of 1,403,365 shares, compared to its average volume of 1,578,867. The company has a market cap of $33.94 billion, a PE ratio of 11.39, a P/E/G 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, Inc. has a 1-year low of $94.47 and a 1-year high of $125.08. The business has a 50-day moving average of $116.95 and a 200-day moving average of $115.36.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.26. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. As a group, analysts forecast that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.77%. The Hartford Financial Services Group's dividend payout ratio (DPR) is 20.10%.

Analysts Set New Price Targets

HIG has been the subject of several analyst reports. Piper Sandler boosted their price target on 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. Raymond James upped 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 research note on Monday, March 31st. StockNews.com upgraded shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a report on Thursday. Wells Fargo & Company lowered their price objective 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 note on Thursday, April 10th. Finally, Barclays boosted their price target on The Hartford Financial Services Group from $135.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Eight equities research 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.13.

The Hartford Financial Services Group 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.