CHB Investment Group LLC Has $2.88 Million Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

CHB Investment Group LLC trimmed its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,343 shares of the insurance provider’s stock after selling 297 shares during the period. The Hartford Financial Services Group comprises about 1.6% of CHB Investment Group LLC’s portfolio, making the stock its 22nd largest position. CHB Investment Group LLC’s holdings in The Hartford Financial Services Group were worth $2,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HIG. Skandinaviska Enskilda Banken AB publ lifted its holdings in The Hartford Financial Services Group by 27.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 221,896 shares of the insurance provider’s stock worth $22,309,000 after purchasing an additional 48,004 shares during the last quarter. HighTower Advisors LLC grew its position in The Hartford Financial Services Group by 7.1% during the 3rd quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider’s stock worth $13,063,000 after acquiring an additional 7,350 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its holdings in The Hartford Financial Services Group by 3.3% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 137,506 shares of the insurance provider’s stock worth $16,172,000 after acquiring an additional 4,449 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of The Hartford Financial Services Group in the third quarter worth approximately $633,000. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of The Hartford Financial Services Group in the 3rd quarter worth about $19,005,000. 93.42% of the stock is owned by institutional investors.

The Hartford Financial Services Group Price Performance

HIG stock opened at $107.44 on Tuesday. The firm has a market capitalization 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 current ratio of 0.32 and a quick ratio of 0.32. The business has a 50 day simple moving average of $114.35 and a 200-day simple moving average of $112.43. The Hartford Financial Services Group, Inc. has a 1 year low of $81.87 and a 1 year high of $124.90.

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. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.94%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 20.84%.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $117.04, for a total value of $803,479.60. Following the completion of the transaction, the executive vice president now owns 25,820 shares in the company, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

HIG has been the topic of a number of research reports. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. upped their price target 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. Jefferies Financial Group upped their target price on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised their price objective on shares of The Hartford Financial Services Group from $122.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, September 17th. Finally, Barclays raised shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $130.00 to $135.00 in a research note on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.50.

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.