Promethos Capital LLC Buys 1,590 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Promethos Capital LLC raised its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,469 shares of the insurance provider’s stock after acquiring an additional 1,590 shares during the period. The Hartford Financial Services Group comprises approximately 1.8% of Promethos Capital LLC’s investment portfolio, making the stock its 21st largest holding. Promethos Capital LLC’s holdings in The Hartford Financial Services Group were worth $5,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of HIG. CreativeOne Wealth LLC lifted its position in shares of The Hartford Financial Services Group by 3.7% during the fourth quarter. CreativeOne Wealth LLC now owns 11,767 shares of the insurance provider’s stock valued at $1,287,000 after purchasing an additional 424 shares in the last quarter. Mariner LLC increased its stake in The Hartford Financial Services Group by 1.5% in the 4th quarter. Mariner LLC now owns 53,611 shares of the insurance provider’s stock valued at $5,865,000 after buying an additional 810 shares during the last quarter. Trustmark National Bank Trust Department boosted its stake in shares of The Hartford Financial Services Group by 2.0% in the 4th quarter. Trustmark National Bank Trust Department now owns 42,947 shares of the insurance provider’s stock worth $4,698,000 after buying an additional 829 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of The Hartford Financial Services Group by 5.2% in the fourth quarter. Synovus Financial Corp now owns 10,552 shares of the insurance provider’s stock valued at $1,154,000 after acquiring an additional 523 shares in the last quarter. Finally, Optimize Financial Inc bought a new position in shares of The Hartford Financial Services Group in the fourth quarter valued at approximately $307,000. 93.42% of the stock is currently owned by institutional investors.

The Hartford Financial Services Group Trading Up 1.1 %

Shares of HIG opened at $116.05 on Monday. The Hartford Financial Services Group, Inc. has a twelve month low of $94.47 and a twelve month high of $125.08. The stock has a market cap of $33.12 billion, a PE ratio of 11.21, a P/E/G ratio of 1.12 and a beta of 0.68. 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 business’s 50-day moving average price is $116.60 and its 200-day moving average price is $115.32.

The Hartford Financial Services Group (NYSE:HIG) last posted its earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, topping 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 forecast that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Monday, March 3rd. The Hartford Financial Services Group’s dividend payout ratio is 20.10%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wells Fargo & Company cut their price objective on The Hartford Financial Services Group from $126.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday. Barclays increased their price target on shares of The Hartford Financial Services Group from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday. StockNews.com lowered shares of The Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Keefe, Bruyette & Woods dropped their target price 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. Finally, Piper Sandler raised their price target on shares of The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.13.

Insider Buying and Selling

In related news, EVP Robert W. Paiano sold 13,138 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $117.20, for a total value of $1,539,773.60. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher Swift sold 1,144 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total value of $143,000.00. Following the completion of the transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at approximately $26,385,250. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 112,343 shares of company stock worth $13,488,337 over the last ninety days. 1.60% of the stock is owned by corporate insiders.

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.