AIA Group Ltd Acquires 14,557 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

AIA Group Ltd raised its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 190.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,184 shares of the insurance provider’s stock after acquiring an additional 14,557 shares during the period. AIA Group Ltd’s holdings in The Hartford Financial Services Group were worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. GoalVest Advisory LLC raised its stake in shares of The Hartford Financial Services Group by 464.8% in the fourth quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider’s stock valued at $25,000 after buying an additional 251 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in shares of The Hartford Financial Services Group in the fourth quarter valued at $26,000. CVA Family Office LLC bought a new stake in shares of The Hartford Financial Services Group in the fourth quarter valued at $27,000. Chilton Capital Management LLC bought a new stake in shares of The Hartford Financial Services Group in the fourth quarter valued at $28,000. Finally, Selway Asset Management bought a new stake in shares of The Hartford Financial Services Group in the third quarter valued at $29,000. 93.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Michael R. Fisher sold 27,004 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the transaction, the executive vice president now owns 18,906 shares in the company, valued at approximately $1,869,803.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 8,206 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $95.60, for a total transaction of $784,493.60. Following the transaction, the executive vice president now owns 25,820 shares in the company, valued at approximately $2,468,392. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael R. Fisher sold 27,004 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total value of $2,670,695.60. Following the transaction, the executive vice president now owns 18,906 shares in the company, valued at approximately $1,869,803.40. The disclosure for this sale can be found here. Insiders sold 202,264 shares of company stock valued at $18,438,369 in the last 90 days. Insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Trading Up 1.2 %

HIG opened at $96.95 on Friday. The business has a 50 day simple moving average of $97.64 and a two-hundred day simple moving average of $85.06. The firm has a market capitalization of $28.82 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.32 and a quick ratio of 0.32. The Hartford Financial Services Group, Inc. has a one year low of $67.05 and a one year high of $103.64.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results on Friday, February 2nd. The insurance provider reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.62. The business had revenue of $6.40 billion during the quarter, compared to analyst estimates of $5.84 billion. The Hartford Financial Services Group had a return on equity of 19.82% and a net margin of 10.21%. The Hartford Financial Services Group’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.31 EPS. Analysts predict that The Hartford Financial Services Group, Inc. will post 10.13 EPS for the current year.

The Hartford Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Friday, March 1st. The Hartford Financial Services Group’s payout ratio is 23.53%.

Wall Street Analyst Weigh In

HIG has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on The Hartford Financial Services Group from $91.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Royal Bank of Canada boosted their target price on The Hartford Financial Services Group from $77.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Monday, February 5th. Raymond James restated an “outperform” rating and set a $120.00 target price (up from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. UBS Group boosted their target price on The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, Piper Sandler restated an “overweight” rating and set a $115.00 target price on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.56.

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.