Clear Harbor Asset Management LLC Trims Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Clear Harbor Asset Management LLC cut its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 100,439 shares of the insurance provider’s stock after selling 4,842 shares during the quarter. The Hartford Financial Services Group comprises 0.9% of Clear Harbor Asset Management LLC’s portfolio, making the stock its 25th biggest position. Clear Harbor Asset Management LLC’s holdings in The Hartford Financial Services Group were worth $10,988,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Trust Co. of Vermont grew its holdings in The Hartford Financial Services Group by 27.9% during the third quarter. Trust Co. of Vermont now owns 403 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 88 shares during the period. Brooklyn Investment Group grew its stake in shares of The Hartford Financial Services Group by 4.0% during the 3rd quarter. Brooklyn Investment Group now owns 2,444 shares of the insurance provider’s stock worth $287,000 after purchasing an additional 94 shares during the period. Catalina Capital Group LLC increased its holdings in shares of The Hartford Financial Services Group by 4.3% during the 3rd quarter. Catalina Capital Group LLC now owns 2,488 shares of the insurance provider’s stock valued at $293,000 after purchasing an additional 102 shares in the last quarter. Meeder Advisory Services Inc. lifted its stake in shares of The Hartford Financial Services Group by 1.9% in the 3rd quarter. Meeder Advisory Services Inc. now owns 5,621 shares of the insurance provider’s stock valued at $661,000 after purchasing an additional 104 shares during the period. Finally, Tectonic Advisors LLC boosted its holdings in The Hartford Financial Services Group by 2.6% during the third quarter. Tectonic Advisors LLC now owns 4,566 shares of the insurance provider’s stock worth $537,000 after buying an additional 114 shares in the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

The Hartford Financial Services Group Trading Down 0.5 %

HIG opened at $111.96 on Tuesday. The Hartford Financial Services Group, Inc. has a 52 week low of $81.87 and a 52 week 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 business has a fifty day simple moving average of $114.03 and a 200-day simple moving average of $112.75. The firm has a market cap of $32.45 billion, a P/E ratio of 11.22, a P/E/G ratio of 0.81 and a beta of 0.98.

The Hartford Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd were given a $0.52 dividend. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Monday, December 2nd. The Hartford Financial Services Group’s payout ratio is currently 20.84%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Bank of America upped their price objective on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price target on The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Jefferies Financial Group boosted their price objective on 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. Barclays raised shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $130.00 to $135.00 in a report on Monday, January 6th. Finally, StockNews.com raised shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.28.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 25,820 shares of the company’s stock, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.60% 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.