Uncommon Cents Investing LLC Sells 575 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Uncommon Cents Investing LLC lowered its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,300 shares of the insurance provider’s stock after selling 575 shares during the quarter. The Hartford Financial Services Group makes up 1.1% of Uncommon Cents Investing LLC’s portfolio, making the stock its 25th biggest position. Uncommon Cents Investing LLC’s holdings in The Hartford Financial Services Group were worth $3,752,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. DT Investment Partners LLC purchased a new position in The Hartford Financial Services Group during the third quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in The Hartford Financial Services Group by 3,342.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 234 shares in the last quarter. Clean Yield Group purchased a new position in shares of The Hartford Financial Services Group in the 3rd quarter valued at $33,000. BNP Paribas bought a new position in shares of The Hartford Financial Services Group in the 3rd quarter worth $35,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of The Hartford Financial Services Group during the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Down 0.5 %

HIG stock opened at $111.96 on Monday. The company has a market capitalization of $32.45 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 0.76 and a beta of 0.98. The Hartford Financial Services Group, Inc. has a 12 month low of $81.87 and a 12 month high of $124.90. The firm’s fifty day simple moving average is $114.03 and its 200-day simple moving average is $112.66. 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 business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd were given a dividend of $0.52 per share. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a yield of 1.86%. The ex-dividend date was Monday, December 2nd. The Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 20.84%.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $117.04, for a total value of $803,479.60. Following the sale, the executive vice president now 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 link. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HIG shares. JPMorgan Chase & Co. lifted their target price on The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. BMO Capital Markets lifted their price objective 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 report on Wednesday, November 27th. Barclays raised shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price target on shares of 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. Finally, Wells Fargo & Company reduced their price target on The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.28.

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.