Tower Research Capital LLC TRC Boosts Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Tower Research Capital LLC TRC lifted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 217.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 23,484 shares of the insurance provider’s stock after acquiring an additional 16,087 shares during the quarter. Tower Research Capital LLC TRC’s holdings in The Hartford Financial Services Group were worth $2,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Catalyst Financial Partners LLC raised its stake in The Hartford Financial Services Group by 3.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 3,079 shares of the insurance provider’s stock worth $337,000 after buying an additional 90 shares in the last quarter. Barrett & Company Inc. lifted its stake in shares of The Hartford Financial Services Group by 46.5% during the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 93 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in The Hartford Financial Services Group by 2.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,468 shares of the insurance provider’s stock valued at $489,000 after purchasing an additional 97 shares in the last quarter. Lifestyle Asset Management Inc. raised its holdings in The Hartford Financial Services Group by 0.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider’s stock worth $1,258,000 after purchasing an additional 98 shares in the last quarter. Finally, Smithfield Trust Co lifted its position in shares of The Hartford Financial Services Group by 26.7% during the fourth quarter. Smithfield Trust Co now owns 475 shares of the insurance provider’s stock valued at $51,000 after buying an additional 100 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HIG has been the subject of a number of analyst reports. Piper Sandler increased their target price on shares of The Hartford Financial Services Group from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. StockNews.com upgraded The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised their price target on The Hartford Financial Services Group from $125.00 to $129.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. Wells Fargo & Company decreased their price objective on shares of The Hartford Financial Services Group from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods cut their price target on shares of The Hartford Financial Services Group from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.13.

The Hartford Financial Services Group Trading Down 2.9 %

Shares of The Hartford Financial Services Group stock opened at $114.33 on Tuesday. The Hartford Financial Services Group, Inc. has a fifty-two week low of $94.47 and a fifty-two week high of $125.08. 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 company has a market cap of $32.93 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 1.12 and a beta of 0.68. The firm has a 50-day simple moving average of $117.14 and a two-hundred day simple moving average of $115.30.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.26. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. As a group, equities analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were given a dividend of $0.52 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.08 annualized dividend and a dividend yield of 1.82%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 20.10%.

Insider Buying and Selling

In other The Hartford Financial Services Group news, EVP Robert W. Paiano sold 13,138 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was 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. The trade was a 29.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher Swift sold 98,061 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 211,082 shares in the company, valued at $25,412,161.98. This represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,343 shares of company stock worth $13,488,337. Insiders own 1.60% of the company’s stock.

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.