The Hartford Financial Services Group, Inc. (NYSE:HIG) Holdings Cut by ORG Wealth Partners LLC

ORG Wealth Partners LLC cut its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 642 shares of the insurance provider’s stock after selling 115 shares during the quarter. ORG Wealth Partners LLC’s holdings in The Hartford Financial Services Group were worth $70,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HIG. Skandinaviska Enskilda Banken AB publ grew its stake in The Hartford Financial Services Group by 27.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 221,896 shares of the insurance provider’s stock worth $22,309,000 after buying an additional 48,004 shares during the last quarter. HighTower Advisors LLC grew its position in shares of The Hartford Financial Services Group by 7.1% during the third quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider’s stock worth $13,063,000 after acquiring an additional 7,350 shares during the last quarter. Dai ichi Life Insurance Company Ltd increased its holdings in shares of The Hartford Financial Services Group by 3.3% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 137,506 shares of the insurance provider’s stock worth $16,172,000 after acquiring an additional 4,449 shares during the period. Lecap Asset Management Ltd. bought a new stake in The Hartford Financial Services Group in the 3rd quarter valued at about $633,000. Finally, Zurich Insurance Group Ltd FI acquired a new position in The Hartford Financial Services Group during the 3rd quarter valued at about $19,005,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their price target on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. UBS Group boosted their price target 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. Bank of America raised their price target on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Barclays upgraded shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $130.00 to $135.00 in a research note on Monday, January 6th. Finally, StockNews.com upgraded shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.50.

The Hartford Financial Services Group Stock Performance

Shares of NYSE HIG opened at $106.25 on Friday. The Hartford Financial Services Group, Inc. has a 52-week low of $81.69 and a 52-week high of $124.90. The stock has a market capitalization of $30.80 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 0.92 and a beta of 0.98. 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 stock’s fifty day simple moving average is $114.43 and its 200 day simple moving average is $112.26.

The Hartford Financial Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.96%. The ex-dividend date 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 payout ratio is presently 20.84%.

Insider Buying and Selling at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of the 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 completion of the sale, the executive vice president now owns 25,820 shares in the company, valued at $3,021,972.80. This represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.