Planned Solutions Inc. Has $200,000 Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Planned Solutions Inc. boosted its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 8.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,830 shares of the insurance provider’s stock after buying an additional 135 shares during the period. Planned Solutions Inc.’s holdings in The Hartford Financial Services Group were worth $200,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC boosted its stake in The Hartford Financial Services Group by 7.1% in the third quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider’s stock valued at $13,063,000 after buying an additional 7,350 shares in the last quarter. Dai ichi Life Insurance Company Ltd boosted its stake 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 valued at $16,172,000 after purchasing an additional 4,449 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of The Hartford Financial Services Group during the 3rd quarter valued at approximately $633,000. Zurich Insurance Group Ltd FI acquired a new position in The Hartford Financial Services Group during the 3rd quarter worth approximately $19,005,000. Finally, Citigroup Inc. lifted its stake in The Hartford Financial Services Group by 3.5% in the 3rd quarter. Citigroup Inc. now owns 314,849 shares of the insurance provider’s stock valued at $37,029,000 after purchasing an additional 10,566 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on HIG shares. Wells Fargo & Company lowered their price target on shares of The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Bank of America increased their target price on 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. Keefe, Bruyette & Woods boosted their price target on The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. BMO Capital Markets raised their price objective on shares of 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. Finally, Jefferies Financial Group boosted their target price on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.28.

The Hartford Financial Services Group Stock Down 0.0 %

Shares of The Hartford Financial Services Group stock opened at $111.88 on Wednesday. The stock’s 50-day moving average is $113.92 and its 200 day moving average is $112.83. The Hartford Financial Services Group, Inc. has a one year low of $85.19 and a one year high of $124.90. The firm has a market cap of $32.43 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 0.81 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32.

The Hartford Financial Services Group Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.86%. 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 is presently 20.84%.

Insider Activity

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. 1.60% of the stock is currently owned by company insiders.

About The Hartford Financial Services Group

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.