The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Purchased by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. boosted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 100.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,046 shares of the insurance provider’s stock after acquiring an additional 4,524 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in The Hartford Financial Services Group were worth $989,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Haven Private LLC acquired a new stake in The Hartford Financial Services Group in the 4th quarter valued at approximately $750,000. Andra AP fonden increased its position in The Hartford Financial Services Group by 36.2% in the 4th quarter. Andra AP fonden now owns 192,400 shares of the insurance provider’s stock valued at $21,049,000 after acquiring an additional 51,100 shares during the period. Callan Family Office LLC acquired a new position in shares of The Hartford Financial Services Group during the 4th quarter valued at $447,000. Inceptionr LLC increased its position in shares of The Hartford Financial Services Group by 180.2% during the 4th quarter. Inceptionr LLC now owns 9,483 shares of the insurance provider’s stock valued at $1,037,000 after purchasing an additional 6,099 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of The Hartford Financial Services Group during the 4th quarter valued at $65,256,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Financial Services Group Stock Performance

Shares of The Hartford Financial Services Group stock opened at $117.92 on Friday. The stock has a market cap of $33.65 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.12 and a beta of 0.91. The business has a fifty day simple moving average of $112.46 and a 200-day simple moving average of $114.74. 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 Hartford Financial Services Group, Inc. has a 12 month low of $94.47 and a 12 month high of $124.90.

The Hartford Financial Services Group (NYSE:HIG) last issued its earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, topping 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%. On average, sell-side analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd will be given 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 1.76%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 20.10%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HIG. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $130.00 to $135.00 in a research report on Monday, January 6th. BMO Capital Markets lifted their price target on 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. Piper Sandler lifted their price target on The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Wells Fargo & Company lowered their price target on The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, StockNews.com cut The Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.94.

The Hartford Financial Services Group Company 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.