ORG Wealth Partners LLC Has $70,000 Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

ORG Wealth Partners LLC lowered its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 15.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 642 shares of the insurance provider’s stock after selling 115 shares during the period. ORG Wealth Partners LLC’s holdings in The Hartford Financial Services Group were worth $70,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Trust Co. of Vermont grew its stake in The Hartford Financial Services Group by 27.9% in the third quarter. Trust Co. of Vermont now owns 403 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 88 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of The Hartford Financial Services Group by 4.0% in the 3rd quarter. Brooklyn Investment Group now owns 2,444 shares of the insurance provider’s stock valued at $287,000 after buying an additional 94 shares in the last quarter. Catalina Capital Group LLC grew its stake in shares of The Hartford Financial Services Group by 4.3% in the 3rd quarter. Catalina Capital Group LLC now owns 2,488 shares of the insurance provider’s stock valued at $293,000 after buying an additional 102 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in The Hartford Financial Services Group by 1.9% in the third quarter. Meeder Advisory Services Inc. now owns 5,621 shares of the insurance provider’s stock worth $661,000 after buying an additional 104 shares during the last quarter. Finally, Tectonic Advisors LLC raised its position in The Hartford Financial Services Group by 2.6% during the third quarter. Tectonic Advisors LLC now owns 4,566 shares of the insurance provider’s stock valued at $537,000 after acquiring an additional 114 shares in the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction of $803,479.60. Following the transaction, the executive vice president now directly owns 25,820 shares in the company, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HIG. BMO Capital Markets increased their price target 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 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. JPMorgan Chase & Co. boosted their price target on 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. Jefferies Financial Group increased their price objective 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, Bank of America boosted their target price 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. Nine investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.50.

The Hartford Financial Services Group Stock Down 2.9 %

Shares of NYSE:HIG opened at $106.25 on Friday. 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 cap of $30.80 billion, a P/E ratio of 10.65, a P/E/G ratio of 0.92 and a beta of 0.98. The Hartford Financial Services Group, Inc. has a 12 month low of $81.69 and a 12 month high of $124.90. The company’s 50-day moving average price is $114.43 and its two-hundred day moving average price is $112.26.

The Hartford Financial Services Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 2nd were issued a $0.52 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 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.