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

Insight Wealth Strategies LLC cut its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Skandinaviska Enskilda Banken AB publ increased its holdings in The Hartford Financial Services Group by 27.6% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 221,896 shares of the insurance provider’s stock valued at $22,309,000 after buying an additional 48,004 shares during the period. HighTower Advisors LLC increased its stake in The Hartford Financial Services Group by 7.1% in the third quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider’s stock valued at $13,063,000 after acquiring an additional 7,350 shares during the period. Dai ichi Life Insurance Company Ltd raised its position in The Hartford Financial Services Group by 3.3% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 137,506 shares of the insurance provider’s stock worth $16,172,000 after purchasing an additional 4,449 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in The Hartford Financial Services Group during the third quarter worth about $633,000. Finally, Zurich Insurance Group Ltd FI acquired a new stake in The Hartford Financial Services Group during the third quarter valued at approximately $19,005,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

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 dated Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction of $803,479.60. Following the sale, 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 filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Stock Down 0.5 %

Shares of NYSE:HIG traded down $0.54 during midday trading on Monday, reaching $108.96. 681,790 shares of the company were exchanged, compared to its average volume of 974,645. The firm has a market cap of $31.59 billion, a PE ratio of 10.92, a P/E/G ratio of 0.92 and a beta of 0.95. 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 Hartford Financial Services Group, Inc. has a fifty-two week low of $81.04 and a fifty-two week high of $124.90. The stock has a fifty day simple moving average of $114.75 and a two-hundred day simple moving average of $112.22.

The Hartford Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 2nd were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.91%. 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 currently 20.84%.

Analyst Ratings Changes

Several equities analysts recently commented on HIG shares. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $130.00 to $135.00 in a research report on Monday. JPMorgan Chase & Co. lifted their price objective 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. 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 lifted their price target 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. Finally, StockNews.com raised shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and a consensus target price of $122.28.

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.