Deutsche Bank AG Purchases 159,028 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Deutsche Bank AG raised its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 16.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,121,087 shares of the insurance provider’s stock after acquiring an additional 159,028 shares during the period. Deutsche Bank AG owned about 0.39% of The Hartford Financial Services Group worth $122,647,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in The Hartford Financial Services Group by 3,342.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 234 shares during the period. Barrett & Company Inc. lifted its holdings in shares of 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 during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of The Hartford Financial Services Group during the 4th quarter valued at about $35,000. DT Investment Partners LLC increased its stake in The Hartford Financial Services Group by 49.8% in the fourth quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 110 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new position in The Hartford Financial Services Group in the fourth quarter worth about $36,000. Institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Trading Down 0.6 %

HIG stock opened at $127.50 on Friday. The business has a fifty day moving average of $119.54 and a 200-day moving average of $115.77. The company has a market cap of $36.22 billion, a P/E ratio of 12.32, a PEG ratio of 1.12 and a beta of 0.70. The Hartford Financial Services Group, Inc. has a twelve month low of $98.16 and a twelve month high of $129.55. 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 (NYSE:HIG) last issued its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.05. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same quarter last year, the firm earned $2.34 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Monday, March 3rd were given a $0.52 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.08 annualized dividend and a dividend yield of 1.63%. The Hartford Financial Services Group’s dividend payout ratio is currently 20.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group lowered their price objective on The Hartford Financial Services Group from $118.00 to $117.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Raymond James increased their price objective on The Hartford Financial Services Group from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, March 31st. Wells Fargo & Company reduced their target price on shares of The Hartford Financial Services Group from $126.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Piper Sandler increased their target price on shares of The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Finally, UBS Group upped their price objective on shares of The Hartford Financial Services Group from $139.00 to $142.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Seven 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.87.

Insider Buying and Selling

In other news, SVP Allison G. Niderno sold 1,086 shares of the company’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $119.42, for a total value of $129,690.12. Following the completion of the sale, the senior vice president now directly owns 622 shares of the company’s stock, valued at $74,279.24. This represents a 63.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher Swift sold 1,144 shares of The Hartford Financial Services Group stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total transaction of $143,000.00. Following the transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at $26,385,250. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,429 shares of company stock valued at $13,618,028 over the last three months. Company insiders own 1.50% of the company’s stock.

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.