Accurate Wealth Management LLC Acquires 548 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Accurate Wealth Management LLC lifted its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,361 shares of the insurance provider’s stock after buying an additional 548 shares during the period. Accurate Wealth Management LLC’s holdings in The Hartford Financial Services Group were worth $464,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Dale Q Rice Investment Management Ltd bought a new stake in shares of The Hartford Financial Services Group in the 4th quarter valued at $481,000. Miracle Mile Advisors LLC acquired a new position in The Hartford Financial Services Group in the 4th quarter worth $521,000. Cooper Financial Group boosted its stake in The Hartford Financial Services Group by 12.9% in the 4th quarter. Cooper Financial Group now owns 2,329 shares of the insurance provider’s stock worth $255,000 after purchasing an additional 266 shares during the period. Czech National Bank boosted its stake in The Hartford Financial Services Group by 5.3% in the 4th quarter. Czech National Bank now owns 62,855 shares of the insurance provider’s stock worth $6,876,000 after purchasing an additional 3,165 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in The Hartford Financial Services Group by 2.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 6,576 shares of the insurance provider’s stock worth $719,000 after purchasing an additional 139 shares during the period. Institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Trading Up 1.7 %

Shares of NYSE:HIG opened at $111.27 on Thursday. The company has a market capitalization of $32.26 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. 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 company has a 50-day simple moving average of $114.31 and a 200 day simple moving average of $112.49.

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 given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase 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 Hartford Financial Services Group’s dividend payout ratio (DPR) is 20.84%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays raised shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $130.00 to $135.00 in a research note on Monday, January 6th. BMO Capital Markets upped their target price on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. 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 increased their price objective on shares of The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, The Hartford Financial Services Group currently has an average rating of “Moderate Buy” and an average target price of $122.28.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction of $803,479.60. Following the completion of the sale, 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 SEC, which is available at this hyperlink. 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.