The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC decreased its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,300 shares of the insurance provider’s stock after selling 575 shares during the quarter. The Hartford Financial Services Group accounts for about 1.1% of Uncommon Cents Investing LLC’s holdings, making the stock its 25th largest holding. Uncommon Cents Investing LLC’s holdings in The Hartford Financial Services Group were worth $3,752,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HIG. Renaissance Technologies LLC acquired a new position in shares of The Hartford Financial Services Group during the 2nd quarter worth approximately $2,755,000. Edgestream Partners L.P. increased its holdings in The Hartford Financial Services Group by 32.2% in the 2nd quarter. Edgestream Partners L.P. now owns 3,134 shares of the insurance provider’s stock worth $315,000 after acquiring an additional 764 shares in the last quarter. Blair William & Co. IL raised its position in The Hartford Financial Services Group by 17.6% during the second quarter. Blair William & Co. IL now owns 7,310 shares of the insurance provider’s stock worth $735,000 after acquiring an additional 1,094 shares during the period. XTX Topco Ltd purchased a new position in The Hartford Financial Services Group during the second quarter valued at $1,113,000. Finally, Canada Pension Plan Investment Board grew its position in shares of The Hartford Financial Services Group by 17.8% in the second quarter. Canada Pension Plan Investment Board now owns 229,707 shares of the insurance provider’s stock valued at $23,095,000 after purchasing an additional 34,690 shares during the period. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Trading Down 0.5 %

Shares of HIG stock opened at $111.96 on Monday. The company has a 50-day moving average of $114.03 and a two-hundred day moving average of $112.66. The firm has a market cap of $32.45 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.76 and a beta of 0.98. The Hartford Financial Services Group, Inc. has a 1-year low of $81.87 and a 1-year high of $124.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32.

The Hartford Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 2nd were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase 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%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of 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. JPMorgan Chase & Co. increased their target price on The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Barclays raised The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $130.00 to $135.00 in a research note on Monday, January 6th. BMO Capital Markets increased their price objective on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Finally, UBS Group increased their target price on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 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 company. According to MarketBeat.com, The Hartford Financial Services Group presently has a consensus rating of “Moderate Buy” and an average target price of $122.28.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the business’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 transaction of $803,479.60. Following the completion of the transaction, the executive vice president now owns 25,820 shares in the company, valued at $3,021,972.80. The trade was a 21.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

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.