Susquehanna Fundamental Investments LLC Acquires New Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 14,000 shares of the insurance provider's stock, valued at approximately $1,532,000.

A number of other institutional investors have also recently made changes to their positions in HIG. Norges Bank purchased a new stake in The Hartford Financial Services Group during the 4th quarter worth approximately $416,340,000. AustralianSuper Pty Ltd increased its holdings in shares of The Hartford Financial Services Group by 265.5% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,213,074 shares of the insurance provider's stock valued at $132,710,000 after purchasing an additional 881,224 shares during the period. Assenagon Asset Management S.A. boosted its position in The Hartford Financial Services Group by 437.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider's stock valued at $95,322,000 after buying an additional 709,324 shares during the last quarter. Proficio Capital Partners LLC raised its position in The Hartford Financial Services Group by 11,904.7% during the 4th quarter. Proficio Capital Partners LLC now owns 631,565 shares of the insurance provider's stock worth $632,000 after buying an additional 626,304 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth $65,256,000. Institutional investors and hedge funds own 93.42% of the company's stock.

The Hartford Financial Services Group Stock Up 0.6 %

Shares of NYSE:HIG traded up $0.75 during midday trading on Tuesday, hitting $126.46. 163,205 shares of the company's stock traded hands, compared to its average volume of 1,566,275. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The Hartford Financial Services Group, Inc. has a twelve month low of $98.16 and a twelve month high of $126.66. The company has a market cap of $35.93 billion, a PE ratio of 12.22, a P/E/G ratio of 1.12 and a beta of 0.70. The firm's fifty day moving average price is $118.79 and its two-hundred day moving average price is $115.54.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.15 by $0.05. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.34 EPS. On average, equities research analysts anticipate 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 disclosed 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 annualized dividend and a yield of 1.64%. The Hartford Financial Services Group's payout ratio is presently 20.74%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HIG shares. Wells Fargo & Company decreased 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. Barclays lifted their price objective on The Hartford Financial Services Group from $140.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Keefe, Bruyette & Woods reduced their price objective on shares of The Hartford Financial Services Group from $140.00 to $133.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Royal Bank of Canada reiterated a "sector perform" rating and set a $125.00 target price on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. Finally, Piper Sandler raised their target price on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.87.

Insider Transactions 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 stock was sold at an average price of $119.42, for a total value of $129,690.12. Following the transaction, the senior vice president now directly owns 622 shares of the company's stock, valued at $74,279.24. This represents a 63.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher Swift sold 1,144 shares of The Hartford Financial Services Group stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total value of $143,000.00. Following the sale, the chief executive officer now owns 211,082 shares of the company's stock, valued at approximately $26,385,250. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,429 shares of company stock valued at $13,618,028 over the last ninety days. 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.