The Hartford Financial Services Group, Inc. (NYSE:HIG) is Mount Lucas Management LP’s 10th Largest Position

Mount Lucas Management LP decreased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,829 shares of the insurance provider’s stock after selling 2,602 shares during the period. The Hartford Financial Services Group comprises approximately 1.4% of Mount Lucas Management LP’s holdings, making the stock its 10th biggest holding. Mount Lucas Management LP’s holdings in The Hartford Financial Services Group were worth $3,920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HIG. Dorsey & Whitney Trust CO LLC grew its position in shares of The Hartford Financial Services Group by 3.8% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 3,429 shares of the insurance provider’s stock worth $375,000 after buying an additional 124 shares in the last quarter. Lifeworks Advisors LLC grew its holdings in The Hartford Financial Services Group by 20.4% during the 4th quarter. Lifeworks Advisors LLC now owns 2,910 shares of the insurance provider’s stock worth $318,000 after acquiring an additional 493 shares in the last quarter. AMF Tjanstepension AB grew its holdings in The Hartford Financial Services Group by 6.7% during the 4th quarter. AMF Tjanstepension AB now owns 198,195 shares of the insurance provider’s stock worth $21,705,000 after acquiring an additional 12,414 shares in the last quarter. Machina Capital S.A.S. bought a new stake in shares of The Hartford Financial Services Group in the 4th quarter worth about $220,000. Finally, Mesirow Financial Investment Management Inc. raised its stake in shares of The Hartford Financial Services Group by 100.0% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 9,046 shares of the insurance provider’s stock valued at $989,000 after purchasing an additional 4,524 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Price Performance

Shares of HIG opened at $117.92 on Monday. The Hartford Financial Services Group, Inc. has a one year low of $94.47 and a one year high of $124.90. The stock’s fifty day moving average is $112.46 and its 200-day moving average is $114.76. 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 has a market capitalization of $33.65 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 1.12 and a beta of 0.91.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, beating 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%. Equities analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd will be given a $0.52 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.08 dividend on an annualized basis and a yield of 1.76%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 20.10%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price target on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price target on 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. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $130.00 to $135.00 in a research note on Monday, January 6th. Piper Sandler boosted their target price on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, StockNews.com downgraded shares of The Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.94.

The Hartford Financial Services Group Profile

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.