Kingsview Wealth Management LLC Cuts Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Kingsview Wealth Management LLC cut its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 10.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,318 shares of the insurance provider’s stock after selling 2,357 shares during the period. Kingsview Wealth Management LLC’s holdings in The Hartford Financial Services Group were worth $2,507,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HIG. Concurrent Investment Advisors LLC purchased a new position in shares of The Hartford Financial Services Group in the 2nd quarter valued at about $213,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of The Hartford Financial Services Group by 27.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 221,896 shares of the insurance provider’s stock worth $22,309,000 after purchasing an additional 48,004 shares during the last quarter. Atria Investments Inc purchased a new position in The Hartford Financial Services Group in the 1st quarter valued at about $1,328,000. Lecap Asset Management Ltd. acquired a new stake in The Hartford Financial Services Group in the 3rd quarter worth about $633,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of The Hartford Financial Services Group by 94.4% in the first quarter. Canada Pension Plan Investment Board now owns 195,017 shares of the insurance provider’s stock worth $20,097,000 after acquiring an additional 94,717 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Activity at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.04, for a total value of $803,479.60. Following the transaction, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at $3,021,972.80. The trade was a 21.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.

The Hartford Financial Services Group Trading Up 0.9 %

HIG opened at $120.72 on Monday. The business’s 50-day simple moving average is $116.81 and its 200-day simple moving average is $109.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market cap of $35.00 billion, a P/E ratio of 12.10, a PEG ratio of 0.98 and a beta of 0.94. The Hartford Financial Services Group, Inc. has a one year low of $76.65 and a one year high of $123.23.

The Hartford Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 2nd will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.72%. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, December 2nd. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 20.84%.

Analysts Set New Price Targets

HIG has been the subject of a number of research reports. Keefe, Bruyette & Woods upped their target price on shares of The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Wells Fargo & Company increased their price target on The Hartford Financial Services Group from $122.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, September 17th. UBS Group lifted their price target on The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Argus raised shares of The Hartford Financial Services Group to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, Jefferies Financial Group lifted their price target on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Nine research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.88.

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.