Clear Harbor Asset Management LLC Sells 4,842 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Clear Harbor Asset Management LLC lowered its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,439 shares of the insurance provider’s stock after selling 4,842 shares during the quarter. The Hartford Financial Services Group makes up approximately 0.9% of Clear Harbor Asset Management LLC’s holdings, 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Crossmark Global Holdings Inc. boosted its position in shares of The Hartford Financial Services Group by 6.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 58,718 shares of the insurance provider’s stock worth $6,424,000 after purchasing an additional 3,576 shares during the period. UMB Bank n.a. boosted its holdings in The Hartford Financial Services Group by 612.6% in the 4th quarter. UMB Bank n.a. now owns 32,528 shares of the insurance provider’s stock worth $3,559,000 after buying an additional 27,963 shares during the period. Astoria Portfolio Advisors LLC. increased its stake in The Hartford Financial Services Group by 15.8% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,419 shares of the insurance provider’s stock worth $265,000 after buying an additional 330 shares in the last quarter. HB Wealth Management LLC raised its holdings in The Hartford Financial Services Group by 14.2% during the fourth quarter. HB Wealth Management LLC now owns 4,982 shares of the insurance provider’s stock valued at $545,000 after acquiring an additional 621 shares during the period. Finally, Sanibel Captiva Trust Company Inc. lifted its position in shares of The Hartford Financial Services Group by 5.3% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 3,439 shares of the insurance provider’s stock valued at $376,000 after acquiring an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling

In other The Hartford Financial Services Group 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 transaction, the executive vice president now directly 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 the SEC website. 1.60% of the stock is currently owned by company insiders.

The Hartford Financial Services Group Price Performance

Shares of HIG stock opened at $111.96 on Tuesday. The company has a market cap of $32.45 billion, a P/E ratio of 11.22, a PEG ratio of 0.81 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 stock’s 50-day moving average is $114.03 and its 200 day moving average is $112.75. The Hartford Financial Services Group, Inc. has a 1-year low of $81.87 and a 1-year high of $124.90.

The Hartford Financial Services Group Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group increased their target price on 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 upped their price objective for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Jefferies Financial Group boosted their target price 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. Wells Fargo & Company lowered their price target on The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Finally, StockNews.com upgraded 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.