Haven Private LLC Makes New Investment in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Haven Private LLC bought a new stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,852 shares of the insurance provider’s stock, valued at approximately $750,000.

Several other large investors also recently added to or reduced their stakes in HIG. Farther Finance Advisors LLC boosted its holdings in The Hartford Financial Services Group by 63.0% during the third quarter. Farther Finance Advisors LLC now owns 4,746 shares of the insurance provider’s stock valued at $558,000 after acquiring an additional 1,834 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of The Hartford Financial Services Group by 9.4% during the third quarter. Harbor Capital Advisors Inc. now owns 6,437 shares of the insurance provider’s stock worth $757,000 after buying an additional 554 shares in the last quarter. Catalina Capital Group LLC increased its holdings in shares of The Hartford Financial Services Group by 4.3% during the third quarter. Catalina Capital Group LLC now owns 2,488 shares of the insurance provider’s stock worth $293,000 after buying an additional 102 shares in the last quarter. Graypoint LLC increased its holdings in shares of The Hartford Financial Services Group by 6.5% during the third quarter. Graypoint LLC now owns 4,172 shares of the insurance provider’s stock worth $491,000 after buying an additional 254 shares in the last quarter. Finally, Advisor Resource Council acquired a new stake in shares of The Hartford Financial Services Group during the third quarter worth approximately $681,000. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Financial Services Group Stock Performance

Shares of HIG stock opened at $116.70 on Friday. 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 capitalization of $33.30 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.12 and a beta of 0.97. The Hartford Financial Services Group, Inc. has a 52 week low of $94.47 and a 52 week high of $124.90. The company has a 50-day simple moving average of $112.31 and a 200 day simple moving average of $114.66.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, beating 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, sell-side analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.78%. The Hartford Financial Services Group’s dividend payout ratio is currently 20.10%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. 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. Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 price target on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. Piper Sandler increased their price target 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. 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. Finally, Keefe, Bruyette & Woods increased their price target on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, The Hartford Financial Services Group currently has an average rating of “Moderate Buy” and an average target price 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.