Mn Services Vermogensbeheer B.V. Grows Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Mn Services Vermogensbeheer B.V. boosted its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,200 shares of the insurance provider’s stock after purchasing an additional 1,900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in The Hartford Financial Services Group were worth $12,822,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HIG. Catalyst Financial Partners LLC grew its position in shares of The Hartford Financial Services Group by 3.0% during 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. grew its holdings in 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 acquiring an additional 93 shares in the last quarter. Brooklyn Investment Group grew its holdings in The Hartford Financial Services Group by 4.0% during the 3rd quarter. Brooklyn Investment Group now owns 2,444 shares of the insurance provider’s stock worth $287,000 after acquiring an additional 94 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of The Hartford Financial Services Group by 2.2% in the 4th 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 during the last quarter. Finally, Lifestyle Asset Management Inc. raised its holdings in shares of 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 valued at $1,258,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Wall Street Analyst Weigh In

HIG has been the subject of a number of analyst reports. StockNews.com downgraded shares of The Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $125.00 price objective on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. Keefe, Bruyette & Woods raised their target price on 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. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $130.00 to $135.00 in a research note on Monday, January 6th. Finally, BMO Capital Markets increased their price target 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 note on Wednesday, November 27th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $122.94.

The Hartford Financial Services Group Trading Up 1.7 %

NYSE HIG opened at $117.58 on Friday. The firm’s fifty day moving average is $111.54 and its two-hundred day moving average is $114.35. The Hartford Financial Services Group, Inc. has a one year low of $94.32 and a one year high of $124.90. 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 firm has a market cap of $33.56 billion, a PE ratio of 11.36, a P/E/G ratio of 1.12 and a beta of 0.97.

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 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%. Analysts expect that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Dividend Announcement

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 dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Monday, March 3rd. 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.