Schonfeld Strategic Advisors LLC Boosts Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Schonfeld Strategic Advisors LLC lifted its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 93.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 123,665 shares of the insurance provider's stock after purchasing an additional 59,765 shares during the period. Schonfeld Strategic Advisors LLC's holdings in The Hartford Financial Services Group were worth $13,529,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of HIG. Thurston Springer Miller Herd & Titak Inc. boosted its position in The Hartford Financial Services Group by 3,342.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 234 shares during the last quarter. Barrett & Company Inc. boosted its position in shares of The Hartford Financial Services Group by 46.5% during 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. DT Investment Partners LLC grew its stake in The Hartford Financial Services Group by 49.8% during the fourth quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider's stock worth $36,000 after purchasing an additional 110 shares during the period. Flagship Wealth Advisors LLC bought a new stake in The Hartford Financial Services Group in the fourth quarter worth approximately $36,000. Finally, Key Financial Inc increased its holdings in The Hartford Financial Services Group by 526.3% in the fourth quarter. Key Financial Inc now owns 357 shares of the insurance provider's stock worth $39,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 93.42% of the company's stock.

The Hartford Financial Services Group Stock Up 3.1 %

The Hartford Financial Services Group stock traded up $3.82 during midday trading on Friday, hitting $125.66. 1,614,635 shares of the stock were exchanged, compared to its average volume of 1,571,394. The Hartford Financial Services Group, Inc. has a 52-week low of $96.31 and a 52-week high of $125.94. 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's 50-day moving average price is $118.58 and its 200-day moving average price is $115.59. The stock has a market capitalization of $35.70 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 1.12 and a beta of 0.68.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last announced its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates 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 company's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.34 EPS. On average, research analysts expect 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio is presently 20.74%.

Insider Transactions at The Hartford Financial Services Group

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HIG shares. JPMorgan Chase & Co. raised their price objective 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. Royal Bank of Canada reissued a "sector perform" rating and set a $125.00 price objective on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. Piper Sandler boosted their target price on The Hartford Financial Services Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods decreased their price objective on The Hartford Financial Services Group from $140.00 to $133.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company lowered 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. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, The Hartford Financial Services Group has an average rating of "Moderate Buy" and an average price target of $126.87.

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.