Toronto Dominion Bank Purchases 8,567 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Toronto Dominion Bank increased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,542 shares of the insurance provider’s stock after acquiring an additional 8,567 shares during the quarter. Toronto Dominion Bank owned about 0.05% of The Hartford Financial Services Group worth $17,016,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC increased its position in shares of The Hartford Financial Services Group by 10.3% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 3,023 shares of the insurance provider’s stock worth $331,000 after purchasing an additional 282 shares in the last quarter. Merit Financial Group LLC increased its position in The Hartford Financial Services Group by 251.4% during the 4th quarter. Merit Financial Group LLC now owns 7,078 shares of the insurance provider’s stock valued at $774,000 after buying an additional 5,064 shares in the last quarter. Sanibel Captiva Trust Company Inc. raised its stake in The Hartford Financial Services Group by 5.3% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 3,439 shares of the insurance provider’s stock valued at $376,000 after buying an additional 172 shares during the last quarter. HB Wealth Management LLC boosted its holdings in The Hartford Financial Services Group by 14.2% in the fourth quarter. HB Wealth Management LLC now owns 4,982 shares of the insurance provider’s stock worth $545,000 after acquiring an additional 621 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of The Hartford Financial Services Group by 612.6% during the fourth quarter. UMB Bank n.a. now owns 32,528 shares of the insurance provider’s stock worth $3,559,000 after acquiring an additional 27,963 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Performance

Shares of HIG stock opened at $131.66 on Tuesday. The Hartford Financial Services Group, Inc. has a 52-week low of $98.16 and a 52-week high of $132.09. 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 stock has a market cap of $37.41 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.12 and a beta of 0.70. The business has a 50-day simple moving average of $120.97 and a 200-day simple moving average of $116.47.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.05. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. The company had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.97 billion. During the same period last year, the business earned $2.34 earnings per share. The Hartford Financial Services Group’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities 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 company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 3rd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Monday, March 3rd. The Hartford Financial Services Group’s dividend payout ratio is currently 20.74%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group increased their price objective on shares of The Hartford Financial Services Group from $139.00 to $142.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Jefferies Financial Group decreased their price target on shares of The Hartford Financial Services Group from $118.00 to $117.00 and set a “hold” rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods lowered their price objective on shares of The Hartford Financial Services Group from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Piper Sandler raised their target price on The Hartford Financial Services Group from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.71.

Insider Buying and Selling

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

About The Hartford Financial Services Group

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.