New England Capital Financial Advisors LLC Has $121,000 Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

New England Capital Financial Advisors LLC cut its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,110 shares of the insurance provider’s stock after selling 155 shares during the period. New England Capital Financial Advisors LLC’s holdings in The Hartford Financial Services Group were worth $121,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HIG. Allianz Asset Management GmbH lifted its position in shares of The Hartford Financial Services Group by 43.8% during the fourth quarter. Allianz Asset Management GmbH now owns 809,411 shares of the insurance provider’s stock valued at $88,550,000 after purchasing an additional 246,528 shares in the last quarter. Suncoast Equity Management bought a new stake in The Hartford Financial Services Group during the fourth quarter worth $311,000. ING Groep NV purchased a new stake in shares of The Hartford Financial Services Group during the 4th quarter valued at $1,433,000. Private Advisor Group LLC boosted its holdings in shares of The Hartford Financial Services Group by 10.7% in the 4th quarter. Private Advisor Group LLC now owns 20,729 shares of the insurance provider’s stock worth $2,268,000 after buying an additional 2,004 shares during the last quarter. Finally, Summit Place Financial Advisors LLC increased its stake in shares of The Hartford Financial Services Group by 3.2% during the 4th quarter. Summit Place Financial Advisors LLC now owns 26,745 shares of the insurance provider’s stock worth $2,926,000 after purchasing an additional 835 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 target price on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. BMO Capital Markets upped their price objective on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Wells Fargo & Company lowered their price target on shares of 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. Piper Sandler upped 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. Finally, Barclays raised shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $130.00 to $135.00 in a report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and a consensus target price of $122.94.

The Hartford Financial Services Group Price Performance

HIG stock opened at $111.37 on Friday. The firm has a 50 day simple moving average of $110.95 and a two-hundred day simple moving average of $114.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market cap of $32.28 billion, a PE ratio of 10.76, a P/E/G ratio of 1.12 and a beta of 0.97. The Hartford Financial Services Group, Inc. has a one year low of $93.78 and a one year high of $124.90.

The Hartford Financial Services Group (NYSE:HIG) last announced 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, analysts predict 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 company also recently disclosed 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. 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 1.87%. The Hartford Financial Services Group’s dividend payout ratio is 20.10%.

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.