The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC decreased its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 10.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,318 shares of the insurance provider’s stock after selling 2,357 shares during the period. Kingsview Wealth Management LLC’s holdings in The Hartford Financial Services Group were worth $2,507,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HIG. New Covenant Trust Company N.A. purchased a new stake in The Hartford Financial Services Group during the 1st quarter worth about $26,000. DT Investment Partners LLC purchased a new position in The Hartford Financial Services Group in the 3rd quarter valued at about $26,000. Quest Partners LLC boosted its stake in shares of The Hartford Financial Services Group by 2,750.0% during the 2nd quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 275 shares during the last quarter. Bank & Trust Co purchased a new stake in shares of The Hartford Financial Services Group during the second quarter worth about $30,000. Finally, Family Firm Inc. acquired a new position in shares of The Hartford Financial Services Group in the second quarter valued at approximately $31,000. 93.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HIG shares. UBS Group raised their target price 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. Bank of America raised their price objective on The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods upped their target price on The Hartford Financial Services Group from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Jefferies Financial Group lifted their price target on The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, StockNews.com raised shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.88.

Insiders Place Their Bets

In other news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group 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 sale, the executive vice president now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by insiders.

The Hartford Financial Services Group Price Performance

The Hartford Financial Services Group stock opened at $120.72 on Monday. The firm has a fifty day moving average of $116.81 and a 200-day moving average of $109.46. The Hartford Financial Services Group, Inc. has a 52-week low of $76.65 and a 52-week high of $123.23. 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 firm has a market capitalization of $35.00 billion, a P/E ratio of 12.10, a PEG ratio of 0.98 and a beta of 0.94.

The Hartford Financial Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be given a $0.52 dividend. The ex-dividend date of this dividend is Monday, December 2nd. 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 1.72%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 20.84%.

The Hartford Financial Services Group 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.