Kovitz Investment Group Partners LLC Has $1.41 Million Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Kovitz Investment Group Partners LLC grew its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 353.8% in the third quarter, HoldingsChannel.com reports. The fund owned 11,971 shares of the insurance provider’s stock after acquiring an additional 9,333 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in The Hartford Financial Services Group were worth $1,408,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HIG. Sequoia Financial Advisors LLC grew its stake in The Hartford Financial Services Group by 9.6% during the second quarter. Sequoia Financial Advisors LLC now owns 5,893 shares of the insurance provider’s stock worth $593,000 after purchasing an additional 514 shares during the period. Wedmont Private Capital grew its position in shares of The Hartford Financial Services Group by 8.5% during the 2nd quarter. Wedmont Private Capital now owns 3,978 shares of the insurance provider’s stock worth $405,000 after buying an additional 312 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of The Hartford Financial Services Group by 19.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 72,992 shares of the insurance provider’s stock valued at $7,339,000 after acquiring an additional 11,934 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its position in shares of The Hartford Financial Services Group by 3.3% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 7,438 shares of the insurance provider’s stock valued at $743,000 after acquiring an additional 238 shares during the period. Finally, Wedge Capital Management L L P NC boosted its stake in The Hartford Financial Services Group by 10.5% during the second quarter. Wedge Capital Management L L P NC now owns 430,770 shares of the insurance provider’s stock worth $43,310,000 after acquiring an additional 40,975 shares in the last quarter. 93.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction dated Friday, November 15th. The shares were 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 of the company’s stock, valued at approximately $3,021,972.80. The trade was a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by insiders.

The Hartford Financial Services Group Price Performance

Shares of NYSE HIG opened at $112.99 on Wednesday. The company has a market capitalization of $32.75 billion, a PE ratio of 11.32, a PEG ratio of 0.98 and a beta of 0.95. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is $117.83 and its 200-day moving average price is $110.98. The Hartford Financial Services Group, Inc. has a twelve month low of $78.33 and a twelve month high of $124.90.

The Hartford Financial Services Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The Hartford Financial Services Group’s dividend payout ratio is 20.84%.

Analysts Set New Price Targets

HIG has been the subject of several research analyst reports. UBS Group lifted their price target 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. JPMorgan Chase & Co. upped their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Jefferies Financial Group raised their price objective on The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Barclays initiated coverage on The Hartford Financial Services Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $130.00 target price on the stock. Finally, BMO Capital Markets lifted their price target 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 report on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.00.

The Hartford Financial Services Group 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.