Private Advisor Group LLC boosted its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG – Free Report) by 10.7% in the fourth quarter, HoldingsChannel reports. The fund owned 20,729 shares of the insurance provider’s stock after purchasing an additional 2,004 shares during the quarter. Private Advisor Group LLC’s holdings in The Hartford Financial Services Group were worth $2,268,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 worth $26,000 after acquiring an additional 234 shares during the last quarter. Barrett & Company Inc. boosted its stake 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 worth $32,000 after purchasing an additional 93 shares in the last quarter. BNP Paribas purchased a new stake in The Hartford Financial Services Group during the 3rd quarter worth approximately $35,000. DT Investment Partners LLC increased its stake in The Hartford Financial Services Group by 49.8% during the 4th quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 110 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in The Hartford Financial Services Group during the 3rd quarter valued at approximately $40,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Wells Fargo & Company dropped their price target on The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. StockNews.com lowered The Hartford Financial Services Group from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets lifted their target price on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Finally, Piper Sandler increased their price target on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.94.
Read Our Latest Research Report on The Hartford Financial Services Group
The Hartford Financial Services Group Stock Up 2.4 %
HIG stock opened at $116.53 on Wednesday. The Hartford Financial Services Group, Inc. has a one year low of $94.32 and a one year high of $124.90. 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 firm’s fifty day moving average is $111.16 and its 200 day moving average is $114.32. The firm has a market cap of $33.78 billion, a PE ratio of 11.26, a P/E/G ratio of 1.12 and a beta of 0.97.
The Hartford Financial Services Group (NYSE:HIG – Get Free Report) last posted its earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, beating 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%. On average, research analysts forecast that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.
The Hartford Financial Services Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Monday, March 3rd. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 20.10%.
The Hartford Financial Services Group Profile
(Free Report)
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.
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