The Hartford Financial Services Group, Inc. (NYSE:HIG) Stock Holdings Lessened by Burney Co.

Burney Co. cut its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 33.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,710 shares of the insurance provider’s stock after selling 2,885 shares during the quarter. Burney Co.’s holdings in The Hartford Financial Services Group were worth $625,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quest Partners LLC boosted its position in shares of The Hartford Financial Services Group by 2,750.0% in the 2nd quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 275 shares during the period. Renaissance Technologies LLC acquired a new position in shares of The Hartford Financial Services Group in the second quarter worth about $2,755,000. Edgestream Partners L.P. increased its position in shares of The Hartford Financial Services Group by 32.2% in the second quarter. Edgestream Partners L.P. now owns 3,134 shares of the insurance provider’s stock worth $315,000 after acquiring an additional 764 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of The Hartford Financial Services Group by 1.3% during the second quarter. Mutual of America Capital Management LLC now owns 81,577 shares of the insurance provider’s stock valued at $8,202,000 after acquiring an additional 1,086 shares during the period. Finally, Wealth Alliance lifted its position in shares of The Hartford Financial Services Group by 14.5% in the 2nd quarter. Wealth Alliance now owns 3,500 shares of the insurance provider’s stock valued at $352,000 after acquiring an additional 443 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 25,820 shares of the company’s stock, valued at $3,021,972.80. The trade was a 21.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on HIG. Keefe, Bruyette & Woods lifted 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 report on Friday, January 10th. Wells Fargo & Company reduced their price objective on The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday. UBS Group lifted their target price on 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. JPMorgan Chase & Co. upped their target price on The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group raised their price target 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 given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.28.

The Hartford Financial Services Group Stock Performance

Shares of NYSE HIG opened at $111.96 on Friday. The business’s 50-day simple moving average is $114.14 and its 200-day simple moving average is $112.48. 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 firm has a market cap of $32.45 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 0.76 and a beta of 0.98.

The Hartford Financial Services Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd were given a $0.52 dividend. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.86%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 20.84%.

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.