The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Twin Tree Management LP

Twin Tree Management LP decreased its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 94.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,924 shares of the insurance provider’s stock after selling 72,030 shares during the period. Twin Tree Management LP’s holdings in The Hartford Financial Services Group were worth $429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HIG. Oppenheimer & Co. Inc. acquired a new stake in shares of The Hartford Financial Services Group in the third quarter valued at about $271,000. Empowered Funds LLC raised its position in The Hartford Financial Services Group by 34.0% during the third quarter. Empowered Funds LLC now owns 17,658 shares of the insurance provider’s stock worth $2,077,000 after acquiring an additional 4,482 shares during the last quarter. Quest Partners LLC raised its position in The Hartford Financial Services Group by 6,364.9% during the third quarter. Quest Partners LLC now owns 18,425 shares of the insurance provider’s stock worth $2,167,000 after acquiring an additional 18,140 shares during the last quarter. Meeder Advisory Services Inc. raised its position in The Hartford Financial Services Group by 1.9% during the third quarter. Meeder Advisory Services Inc. now owns 5,621 shares of the insurance provider’s stock worth $661,000 after acquiring an additional 104 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in The Hartford Financial Services Group by 6.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,088 shares of the insurance provider’s stock worth $481,000 after acquiring an additional 259 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Barclays upgraded shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $130.00 to $135.00 in a research report on Monday, January 6th. BMO Capital Markets lifted their target price on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Piper Sandler lifted their target price on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company lowered their price target on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.94.

The Hartford Financial Services Group Trading Down 1.4 %

HIG opened at $118.81 on Wednesday. The stock has a market capitalization of $33.91 billion, a PE ratio of 11.48, a P/E/G ratio of 1.12 and a beta of 0.91. The firm’s fifty day moving average price is $113.69 and its 200 day moving average price is $114.96. 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 12-month low of $94.47 and a 12-month high of $124.90.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, topping the consensus estimate of $2.68 by $0.26. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.08 annualized dividend and a dividend yield of 1.75%. The Hartford Financial Services Group’s dividend payout ratio is currently 20.10%.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Robert W. Paiano sold 13,138 shares of the company’s stock in a transaction dated 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 owns 31,678 shares in the company, valued at approximately $3,712,661.60. This represents a 29.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

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.