Sei Investments Co. Buys 3,483 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Sei Investments Co. lifted its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,848 shares of the insurance provider’s stock after acquiring an additional 3,483 shares during the quarter. Sei Investments Co.’s holdings in The Hartford Financial Services Group were worth $24,818,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Great Valley Advisor Group Inc. grew its stake in The Hartford Financial Services Group by 7.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,557 shares of the insurance provider’s stock valued at $300,000 after purchasing an additional 182 shares during the period. Cerity Partners LLC raised its stake in The Hartford Financial Services Group by 9.9% in the 3rd quarter. Cerity Partners LLC now owns 67,445 shares of the insurance provider’s stock valued at $7,932,000 after acquiring an additional 6,094 shares during the period. Summit Trail Advisors LLC increased its stake in shares of The Hartford Financial Services Group by 3.7% in the third quarter. Summit Trail Advisors LLC now owns 3,445 shares of the insurance provider’s stock worth $407,000 after purchasing an additional 122 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of The Hartford Financial Services Group by 13.1% in the third quarter. Daiwa Securities Group Inc. now owns 36,753 shares of the insurance provider’s stock worth $4,323,000 after purchasing an additional 4,254 shares in the last quarter. Finally, Fisher Asset Management LLC bought a new stake in shares of The Hartford Financial Services Group in the third quarter valued at approximately $340,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Up 0.9 %

HIG opened at $122.60 on Thursday. The business’s fifty day simple moving average is $115.10 and its 200 day simple moving average is $115.18. The Hartford Financial Services Group, Inc. has a 52 week low of $94.47 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 stock has a market cap of $34.99 billion, a PE ratio of 11.85, a P/E/G ratio of 1.12 and a beta of 0.91.

The Hartford Financial Services Group (NYSE:HIG) last announced 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, research analysts expect that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.70%. The Hartford Financial Services Group’s payout ratio is 20.10%.

Insider Activity

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 shares were sold at an average price of $117.20, for a total value of $1,539,773.60. Following the completion of the sale, the executive vice president now directly owns 31,678 shares of the company’s stock, valued at $3,712,661.60. The trade was a 29.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Christopher Swift sold 98,061 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $120.39, for a total value of $11,805,563.79. Following the transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at $25,412,161.98. This trade represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HIG has been the subject of several analyst reports. Barclays raised shares of 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 report on Monday, January 6th. 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 report on Wednesday, February 5th. BMO Capital Markets increased their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Piper Sandler boosted their price objective 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, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $125.00 target price on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Ten 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.