Ridgewood Investments LLC Has $115,000 Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Ridgewood Investments LLC decreased its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,053 shares of the insurance provider’s stock after selling 110 shares during the period. Ridgewood Investments LLC’s holdings in The Hartford Financial Services Group were worth $115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. DT Investment Partners LLC acquired a new stake in The Hartford Financial Services Group during the third quarter worth $26,000. Clean Yield Group acquired a new stake in The Hartford Financial Services Group during the third quarter worth $33,000. Quest Partners LLC boosted its stake in The Hartford Financial Services Group by 2,750.0% during the second quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock worth $29,000 after buying an additional 275 shares in the last quarter. BNP Paribas acquired a new stake in The Hartford Financial Services Group during the third quarter worth $35,000. Finally, Ashton Thomas Securities LLC acquired a new stake in The Hartford Financial Services Group during the third quarter worth $40,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Wall Street Analysts Forecast Growth

HIG has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of The Hartford Financial Services Group from $122.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, September 17th. BMO Capital Markets boosted their target price on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Barclays upgraded shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $130.00 to $135.00 in a research note on Monday, January 6th. UBS Group boosted their target price 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of 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. Nine 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.50.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was 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 directly owns 25,820 shares in the company, valued at approximately $3,021,972.80. The trade was a 21.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Stock Performance

Shares of NYSE:HIG opened at $106.25 on Friday. The stock has a market capitalization 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 1-year low of $81.69 and a 1-year high of $124.90. 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 business has a 50-day moving average price of $114.43 and a two-hundred day moving average price of $112.26.

The Hartford Financial Services Group Increases Dividend

The company also recently disclosed 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 is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a yield of 1.96%. The ex-dividend date was Monday, December 2nd. The Hartford Financial Services Group’s payout ratio is currently 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.