The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Acquired by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. grew its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,356 shares of the insurance provider’s stock after purchasing an additional 257 shares during the period. Johnson Investment Counsel Inc.’s holdings in The Hartford Financial Services Group were worth $695,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of HIG. Axxcess Wealth Management LLC acquired a new position in shares of The Hartford Financial Services Group in the 3rd quarter valued at $205,000. Ashton Thomas Securities LLC acquired a new position in shares of The Hartford Financial Services Group in the 3rd quarter valued at $40,000. Nations Financial Group Inc. IA ADV acquired a new position in shares of The Hartford Financial Services Group in the 3rd quarter valued at $474,000. Aptus Capital Advisors LLC lifted its stake in shares of The Hartford Financial Services Group by 10.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,768 shares of the insurance provider’s stock valued at $443,000 after purchasing an additional 353 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of The Hartford Financial Services Group in the 3rd quarter valued at $271,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Down 1.2 %

Shares of The Hartford Financial Services Group stock opened at $115.82 on Thursday. The Hartford Financial Services Group, Inc. has a 52-week low of $94.47 and a 52-week high of $124.90. The company has a 50 day moving average of $112.91 and a 200 day moving average of $114.84. 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 capitalization of $33.05 billion, a P/E ratio of 11.19, a P/E/G ratio of 1.12 and a beta of 0.91.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.52 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.08 dividend on an annualized basis and a yield of 1.80%. The Hartford Financial Services Group’s payout ratio is currently 20.10%.

Analyst Upgrades and Downgrades

HIG has been the topic of several research analyst reports. Piper Sandler boosted their price objective on The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. 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. Wells Fargo & Company cut their price objective on The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $130.00 to $135.00 in a report on Monday, January 6th. Finally, BMO Capital Markets boosted their price objective on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $122.94.

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.