7,822 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Purchased by SVB Wealth LLC

SVB Wealth LLC bought a new stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,822 shares of the insurance provider’s stock, valued at approximately $856,000.

Other large investors have also modified their holdings of the company. Catalyst Financial Partners LLC boosted its holdings in The Hartford Financial Services Group by 3.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 3,079 shares of the insurance provider’s stock valued at $337,000 after acquiring an additional 90 shares during the period. Barrett & Company Inc. lifted its position in shares of The Hartford Financial Services Group by 46.5% during the fourth 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. Brooklyn Investment Group boosted its stake in shares of The Hartford Financial Services Group by 4.0% during the third quarter. Brooklyn Investment Group now owns 2,444 shares of the insurance provider’s stock valued at $287,000 after purchasing an additional 94 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in shares of The Hartford Financial Services Group by 2.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,468 shares of the insurance provider’s stock worth $489,000 after purchasing an additional 97 shares during the last quarter. Finally, Lifestyle Asset Management Inc. increased its stake in The Hartford Financial Services Group by 0.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider’s stock worth $1,258,000 after buying an additional 98 shares during the period. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HIG. BMO Capital Markets boosted their price objective on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Wells Fargo & Company lowered 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 report on Monday, February 3rd. Keefe, Bruyette & Woods increased their price objective on The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. StockNews.com lowered The Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Barclays raised The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $130.00 to $135.00 in a research report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.94.

The Hartford Financial Services Group Trading Up 1.3 %

NYSE:HIG opened at $119.77 on Tuesday. The stock has a market capitalization of $34.18 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.12 and a beta of 0.97. The Hartford Financial Services Group, Inc. has a 52 week low of $94.32 and a 52 week high of $124.90. 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 firm has a 50 day moving average of $111.92 and a 200 day moving average of $114.58.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data 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 return on equity of 19.55% and a net margin of 11.72%. As a group, sell-side analysts anticipate 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Monday, March 3rd will be issued 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%.

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.