Signet Financial Management LLC Has $3.37 Million Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Signet Financial Management LLC trimmed its position in The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,826 shares of the insurance provider’s stock after selling 389 shares during the quarter. Signet Financial Management LLC’s holdings in The Hartford Financial Services Group were worth $3,372,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. DT Investment Partners LLC acquired a new position in The Hartford Financial Services Group in the third quarter valued at about $26,000. Clean Yield Group acquired a new stake in shares of The Hartford Financial Services Group in the 3rd quarter valued at approximately $33,000. Quest Partners LLC grew its stake in The Hartford Financial Services Group by 2,750.0% in the second quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 275 shares during the period. BNP Paribas bought a new stake in shares of The Hartford Financial Services Group in the third quarter worth about $35,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of The Hartford Financial Services Group during the third quarter worth about $40,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HIG. Wells Fargo & Company increased their price objective on shares of The Hartford Financial Services Group from $122.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 17th. BMO Capital Markets raised their price target on 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. Keefe, Bruyette & Woods upped their price objective on The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an “outperform” rating in a research note on Friday. StockNews.com raised shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group upped 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 research report on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.50.

Read Our Latest Stock Report on The Hartford Financial Services Group

The Hartford Financial Services Group Stock Performance

HIG traded up $1.13 during trading on Monday, hitting $107.44. The stock had a trading volume of 1,739,945 shares, compared to its average volume of 1,545,281. 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 company has a 50 day moving average price of $114.43 and a 200-day moving average price of $112.40. The Hartford Financial Services Group, Inc. has a one year low of $81.87 and a one year high of $124.90. The firm has a market cap of $31.15 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 0.92 and a beta of 0.98.

The Hartford Financial Services Group Increases Dividend

The firm 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 represents a $2.08 dividend on an annualized basis and a dividend yield of 1.94%. This is an increase 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 payout ratio is presently 20.84%.

Insider Activity at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction of $803,479.60. Following the sale, the executive vice president now directly owns 25,820 shares in the company, valued at $3,021,972.80. This represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

About The Hartford Financial Services Group

(Free Report)

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.

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Institutional Ownership by Quarter for The Hartford Financial Services Group (NYSE:HIG)

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