USA Financial Formulas Purchases 270 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

USA Financial Formulas lifted its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 10.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,962 shares of the insurance provider’s stock after buying an additional 270 shares during the period. USA Financial Formulas’ holdings in The Hartford Financial Services Group were worth $324,000 at the end of the most recent reporting period.

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

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 on Friday, November 15th. The shares were 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 directly owns 25,820 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HIG shares. UBS Group increased their price objective on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. 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. Bank of America upped their price target on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Barclays upgraded shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.28.

The Hartford Financial Services Group Trading Up 1.1 %

NYSE:HIG opened at $112.49 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $32.61 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 0.76 and a beta of 0.98. The firm has a fifty day simple moving average of $114.20 and a two-hundred day simple moving average of $112.48. The Hartford Financial Services Group, Inc. has a 12 month low of $81.87 and a 12 month high of $124.90.

The Hartford Financial Services Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.85%. This is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, December 2nd. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 20.84%.

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.