CHB Investment Group LLC Sells 297 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

CHB Investment Group LLC lowered its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,343 shares of the insurance provider’s stock after selling 297 shares during the quarter. The Hartford Financial Services Group makes up approximately 1.6% of CHB Investment Group LLC’s portfolio, making the stock its 22nd largest holding. CHB Investment Group LLC’s holdings in The Hartford Financial Services Group were worth $2,882,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. DT Investment Partners LLC purchased a new stake in shares of The Hartford Financial Services Group in the 3rd quarter valued at about $26,000. Quest Partners LLC boosted its position in The Hartford Financial Services Group by 2,750.0% during the 2nd quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 275 shares in the last quarter. Clean Yield Group bought a new stake in shares of The Hartford Financial Services Group during the 3rd quarter valued at $33,000. BNP Paribas bought a new position in The Hartford Financial Services Group during the 3rd quarter valued at approximately $35,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of The Hartford Financial Services Group during the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Activity

In related 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 transaction, the executive vice president now directly owns 25,820 shares in the company, valued at $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 available at this link. Insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Stock Up 1.1 %

Shares of NYSE:HIG opened at $107.44 on Tuesday. The firm has a 50 day simple moving average of $114.35 and a 200 day simple moving average of $112.43. The company has a market cap of $31.15 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. 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 Hartford Financial Services Group Increases Dividend

The business also recently announced 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 positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a yield of 1.94%. The ex-dividend date was Monday, December 2nd. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 20.84%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HIG. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Bank of America boosted their price objective on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group increased their price objective on The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets raised their price objective on 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. Finally, Wells Fargo & Company boosted their price target on 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. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.50.

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.