The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC lessened its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 651 shares of the insurance provider’s stock after selling 142 shares during the period. Bruce G. Allen Investments LLC’s holdings in The Hartford Financial Services Group were worth $71,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DT Investment Partners LLC acquired a new position in The Hartford Financial Services Group in the 3rd quarter valued at $26,000. Clean Yield Group acquired a new position in The Hartford Financial Services Group in the third quarter valued at $33,000. Quest Partners LLC boosted its stake in The Hartford Financial Services Group by 2,750.0% in the 2nd quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock worth $29,000 after buying an additional 275 shares during the last quarter. BNP Paribas purchased a new stake in The Hartford Financial Services Group in the 3rd quarter valued at about $35,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of The Hartford Financial Services Group during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Wall Street Analysts Forecast Growth

HIG has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their target price on shares of 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. Keefe, Bruyette & Woods upped their price objective on The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Friday. Jefferies Financial Group increased their target price on The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Bank of America boosted their price target on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, StockNews.com upgraded The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.50.

The Hartford Financial Services Group Stock Down 3.0 %

NYSE:HIG traded down $3.23 on Friday, reaching $106.19. The stock had a trading volume of 1,976,135 shares, compared to its average volume of 1,357,286. The company has a 50-day moving average of $114.50 and a 200 day moving average of $112.25. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. The stock has a market cap of $30.78 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. The Hartford Financial Services Group, Inc. has a 12-month low of $81.69 and a 12-month high of $124.90.

The Hartford Financial Services Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Monday, December 2nd. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 20.84%.

Insider Buying and Selling at The Hartford Financial Services Group

In related 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 completion of the sale, the executive vice president now owns 25,820 shares in the company, valued at approximately $3,021,972.80. The trade was a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

The Hartford Financial Services Group Company 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.