Wayfinding Financial LLC Makes New Investment in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Wayfinding Financial LLC purchased a new position in The Hartford Financial Services Group, Inc. (NYSE:HIG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,777 shares of the insurance provider’s stock, valued at approximately $305,000.

Other hedge funds have also modified their holdings of the company. HUB Investment Partners LLC boosted its position in shares of The Hartford Financial Services Group by 23.9% during the fourth quarter. HUB Investment Partners LLC now owns 5,764 shares of the insurance provider’s stock worth $631,000 after acquiring an additional 1,113 shares during the last quarter. Blueshift Asset Management LLC bought a new position in shares of The Hartford Financial Services Group during the fourth quarter worth $269,000. Teacher Retirement System of Texas boosted its position in shares of The Hartford Financial Services Group by 68.7% during the fourth quarter. Teacher Retirement System of Texas now owns 723,925 shares of the insurance provider’s stock worth $79,197,000 after acquiring an additional 294,836 shares during the last quarter. Strategic Financial Services Inc. boosted its position in shares of The Hartford Financial Services Group by 36.0% during the fourth quarter. Strategic Financial Services Inc. now owns 2,446 shares of the insurance provider’s stock worth $268,000 after acquiring an additional 648 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of The Hartford Financial Services Group by 8.0% during the fourth quarter. Intech Investment Management LLC now owns 119,071 shares of the insurance provider’s stock worth $13,026,000 after acquiring an additional 8,801 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

The Hartford Financial Services Group Trading Down 0.1 %

Shares of HIG opened at $119.60 on Friday. The Hartford Financial Services Group, Inc. has a twelve month low of $94.47 and a twelve month high of $124.90. The company has a market cap of $34.13 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.12 and a beta of 0.91. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $114.10 and its 200-day simple moving average is $115.03.

The Hartford Financial Services Group (NYSE:HIG) last posted 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, analysts expect that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.74%. The ex-dividend date is Monday, March 3rd. The Hartford Financial Services Group’s dividend payout ratio is presently 20.10%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HIG. StockNews.com lowered shares of The Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets upped 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 price objective on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. Piper Sandler increased their price objective on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased 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 research report on Wednesday, February 5th. Ten investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.94.

Insider Buying and Selling

In other The Hartford Financial Services Group news, EVP Robert W. Paiano sold 13,138 shares of the firm’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 transaction, the executive vice president now owns 31,678 shares of the company’s stock, valued at approximately $3,712,661.60. This trade represents a 29.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher Swift sold 98,061 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $120.39, for a total transaction of $11,805,563.79. Following the transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at $25,412,161.98. This trade represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

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.