The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 217.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,484 shares of the insurance provider's stock after buying an additional 16,087 shares during the period. Tower Research Capital LLC TRC's holdings in The Hartford Financial Services Group were worth $2,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HIG. Catalyst Financial Partners LLC boosted 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 acquiring an additional 90 shares during the last quarter. Barrett & Company Inc. boosted its position in The Hartford Financial Services Group by 46.5% during the fourth quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock worth $32,000 after acquiring an additional 93 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in The Hartford Financial Services Group by 2.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,468 shares of the insurance provider's stock valued at $489,000 after purchasing an additional 97 shares during the last quarter. Lifestyle Asset Management Inc. boosted its holdings in The Hartford Financial Services Group by 0.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider's stock valued at $1,258,000 after purchasing an additional 98 shares during the last quarter. Finally, Smithfield Trust Co grew its stake in shares of The Hartford Financial Services Group by 26.7% in the 4th 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. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Financial Services Group Stock Down 0.4 %

NYSE HIG traded down $0.45 on Friday, hitting $118.79. 1,813,977 shares of the stock were exchanged, compared to its average volume of 1,569,718. The Hartford Financial Services Group, Inc. has a fifty-two week low of $95.00 and a fifty-two week high of $125.08. The company has a 50-day moving average price of $117.66 and a 200-day moving average price of $115.39. 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 company has a market cap of $34.21 billion, a PE ratio of 11.48, a PEG ratio of 1.12 and a beta of 0.68.

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 Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same period in the prior year, the firm posted $2.34 EPS. Sell-side analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Monday, March 3rd. The Hartford Financial Services Group's dividend payout ratio is presently 20.10%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $125.00 price objective on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Raymond James raised their price objective on The Hartford Financial Services Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Jefferies Financial Group reduced their price objective on shares of The Hartford Financial Services Group from $118.00 to $117.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Piper Sandler increased their target price on shares of The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Finally, Wells Fargo & Company reduced their price target on shares of The Hartford Financial Services Group from $126.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $126.40.

Insider Buying and Selling at The Hartford Financial Services Group

In related news, CEO Christopher Swift sold 1,144 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total value of $143,000.00. Following the transaction, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at $26,385,250. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robert W. Paiano sold 13,138 shares of the stock in a transaction on Tuesday, March 11th. The shares were 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 directly owns 31,678 shares in the company, valued at $3,712,661.60. This trade represents a 29.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,343 shares of company stock valued at $13,488,337. Insiders own 1.60% of the company's stock.

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.