Signet Financial Management LLC Sells 389 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Signet Financial Management LLC lessened its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 30,826 shares of the insurance provider’s stock after selling 389 shares during the period. Signet Financial Management LLC’s holdings in The Hartford Financial Services Group were worth $3,372,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HIG. Miracle Mile Advisors LLC bought a new position in The Hartford Financial Services Group in the 4th quarter valued at approximately $521,000. Cooper Financial Group boosted its holdings in shares of The Hartford Financial Services Group by 12.9% during the 4th quarter. Cooper Financial Group now owns 2,329 shares of the insurance provider’s stock valued at $255,000 after acquiring an additional 266 shares in the last quarter. Czech National Bank grew its position in The Hartford Financial Services Group by 5.3% during the 4th quarter. Czech National Bank now owns 62,855 shares of the insurance provider’s stock worth $6,876,000 after acquiring an additional 3,165 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in The Hartford Financial Services Group by 2.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 6,576 shares of the insurance provider’s stock worth $719,000 after purchasing an additional 139 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in The Hartford Financial Services Group by 0.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 74,650 shares of the insurance provider’s stock valued at $8,780,000 after purchasing an additional 480 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Adin M. Tooker sold 6,865 shares of the firm’s 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 transaction, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Stock Up 1.1 %

HIG stock traded up $1.13 during midday trading on Monday, reaching $107.44. 1,739,945 shares of the company’s stock traded hands, compared to its average volume of 1,545,281. The Hartford Financial Services Group, Inc. has a 52 week low of $81.87 and a 52 week high of $124.90. The company 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 firm’s fifty day moving average price is $114.43 and its 200-day moving average price is $112.40. 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 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 paid a dividend of $0.52 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.94%. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The Hartford Financial Services Group’s payout ratio is 20.84%.

Analysts Set New Price Targets

HIG has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their price objective on The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group lifted their price target on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. BMO Capital Markets raised their target price on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Finally, Wells Fargo & Company raised their price objective on The Hartford Financial Services Group from $122.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 17th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.