The Hartford Financial Services Group, Inc. (NYSE:HIG) Position Trimmed by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,520 shares of the insurance provider’s stock after selling 12,753 shares during the quarter. Wedge Capital Management L L P NC’s holdings in The Hartford Financial Services Group were worth $35,393,000 at the end of the most recent reporting period.

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

Insider Transactions 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 on Friday, November 15th. The stock was sold at an average price of $117.04, for a total value of $803,479.60. Following the transaction, the executive vice president now owns 25,820 shares of the company’s stock, valued at approximately $3,021,972.80. The trade was a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Price Performance

The Hartford Financial Services Group stock opened at $111.96 on Friday. The business has a 50 day simple moving average of $114.14 and a 200 day simple moving average of $112.48. The Hartford Financial Services Group, Inc. has a one year low of $81.87 and a one year high of $124.90. The company has a market capitalization 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 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 company 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 annualized dividend and a yield of 1.86%. This is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, December 2nd. The Hartford Financial Services Group’s dividend payout ratio is currently 20.84%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HIG. UBS Group increased their price target on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $130.00 to $135.00 in a report on Monday, January 6th. JPMorgan Chase & Co. increased their price objective 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 shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods raised their price target on shares of The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.