Brave Asset Management Inc. Sells 100 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Brave Asset Management Inc. decreased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,587 shares of the insurance provider’s stock after selling 100 shares during the period. Brave Asset Management Inc.’s holdings in The Hartford Financial Services Group were worth $502,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HIG. Redhawk Wealth Advisors Inc. raised its stake in The Hartford Financial Services Group by 8.8% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,946 shares of the insurance provider’s stock worth $979,000 after purchasing an additional 724 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of The Hartford Financial Services Group by 3,342.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock valued at $26,000 after buying an additional 234 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of The Hartford Financial Services Group by 16.6% in the fourth quarter. Park Avenue Securities LLC now owns 19,928 shares of the insurance provider’s stock valued at $2,180,000 after buying an additional 2,837 shares during the period. Kathmere Capital Management LLC grew its position in The Hartford Financial Services Group by 6.8% during the fourth quarter. Kathmere Capital Management LLC now owns 7,005 shares of the insurance provider’s stock worth $766,000 after buying an additional 446 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in The Hartford Financial Services Group by 437.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider’s stock worth $95,322,000 after acquiring an additional 709,324 shares during the period. Institutional investors own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HIG shares. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $130.00 to $135.00 in a research report on Monday, January 6th. UBS Group increased their price objective on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods boosted their target price on shares of The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. increased their price target on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group upped 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 note on Wednesday, October 9th. Nine equities research 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 company’s stock. Based on data from MarketBeat.com, The Hartford Financial Services Group has an average rating of “Moderate Buy” and a consensus target price of $122.28.

The Hartford Financial Services Group Trading Up 1.7 %

Shares of NYSE HIG opened at $111.27 on Thursday. The stock has a market cap of $32.26 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 0.76 and a beta of 0.98. The firm has a 50 day moving average price of $114.31 and a two-hundred day moving average price of $112.49. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32. The Hartford Financial Services Group, Inc. has a 52-week low of $81.87 and a 52-week high of $124.90.

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 given a dividend of $0.52 per share. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a yield of 1.87%. The ex-dividend date was Monday, December 2nd. The Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 20.84%.

Insiders Place Their Bets

In other news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was 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 directly owns 25,820 shares in the company, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

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.