Insight Wealth Strategies LLC Sells 477 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Insight Wealth Strategies LLC lowered its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,611 shares of the insurance provider’s stock after selling 477 shares during the period. Insight Wealth Strategies LLC’s holdings in The Hartford Financial Services Group were worth $1,598,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC raised its holdings in The Hartford Financial Services Group by 31,680.4% in the 3rd quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider’s stock valued at $816,310,000 after acquiring an additional 691,900 shares in the last quarter. Nordea Investment Management AB increased its position in shares of The Hartford Financial Services Group by 17.3% in the fourth quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider’s stock worth $430,272,000 after purchasing an additional 581,103 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in The Hartford Financial Services Group by 42.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider’s stock valued at $110,000,000 after purchasing an additional 277,295 shares in the last quarter. Verition Fund Management LLC lifted its position in The Hartford Financial Services Group by 7,564.9% during the third quarter. Verition Fund Management LLC now owns 248,648 shares of the insurance provider’s stock worth $29,243,000 after purchasing an additional 245,404 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in The Hartford Financial Services Group by 22.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,199,542 shares of the insurance provider’s stock worth $141,078,000 after buying an additional 221,778 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 dated Friday, November 15th. The stock was sold at an average price of $117.04, for a total value of $803,479.60. Following the completion of the transaction, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HIG. Bank of America upped their price target on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised their target price on The Hartford Financial Services Group from $133.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Finally, UBS Group boosted their target price on The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.28.

The Hartford Financial Services Group Trading Down 0.5 %

Shares of NYSE HIG traded down $0.54 during trading on Monday, reaching $108.96. The company had a trading volume of 681,790 shares, compared to its average volume of 974,645. The Hartford Financial Services Group, Inc. has a 12 month low of $81.04 and a 12 month high of $124.90. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. The stock has a market cap of $31.59 billion, a P/E ratio of 10.92, a PEG ratio of 0.92 and a beta of 0.95. The company’s fifty day moving average price is $114.75 and its 200-day moving average price is $112.22.

The Hartford Financial Services Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd were issued a dividend of $0.52 per share. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, December 2nd. This represents a $2.08 annualized dividend and a yield of 1.91%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 20.84%.

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.