The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,991 shares of the insurance provider’s stock after buying an additional 3,854 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in The Hartford Financial Services Group were worth $3,281,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC acquired a new stake in shares of The Hartford Financial Services Group in the third quarter worth $340,000. D.A. Davidson & CO. grew its position in The Hartford Financial Services Group by 1.0% during the 3rd quarter. D.A. Davidson & CO. now owns 19,247 shares of the insurance provider’s stock worth $2,264,000 after purchasing an additional 199 shares during the period. Townsquare Capital LLC raised its stake in shares of The Hartford Financial Services Group by 33.3% during the 3rd quarter. Townsquare Capital LLC now owns 7,860 shares of the insurance provider’s stock valued at $924,000 after buying an additional 1,962 shares during the last quarter. BNP Paribas acquired a new position in shares of The Hartford Financial Services Group in the 3rd quarter valued at about $35,000. Finally, CreativeOne Wealth LLC boosted its stake in shares of The Hartford Financial Services Group by 328.8% in the third quarter. CreativeOne Wealth LLC now owns 11,343 shares of the insurance provider’s stock worth $1,334,000 after buying an additional 8,698 shares during the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Christopher Swift sold 98,061 shares of The Hartford Financial Services Group stock in a transaction on Monday, March 17th. The stock was 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 owns 211,082 shares in the company, valued at $25,412,161.98. The trade was a 31.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert W. Paiano sold 13,138 shares of the business’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 directly owns 31,678 shares in the company, valued at approximately $3,712,661.60. The trade was a 29.32 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HIG has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. StockNews.com cut shares of The Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Piper Sandler raised their price target 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. Keefe, Bruyette & Woods upped their price objective on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $125.00 target price on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. Ten 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.94.

The Hartford Financial Services Group Price Performance

The Hartford Financial Services Group stock opened at $122.21 on Friday. The company has a fifty day simple moving average of $115.52 and a 200-day simple moving average of $115.27. The firm has a market capitalization of $34.88 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.12 and a beta of 0.91. 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 Hartford Financial Services Group, Inc. has a 52-week low of $94.47 and a 52-week high of $124.90.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (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%. On average, equities analysts anticipate 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.08 annualized dividend and a dividend yield of 1.70%. The Hartford Financial Services Group’s dividend payout ratio is presently 20.10%.

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.