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22,516 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Acquired by Avanza Fonder AB

The Hartford Financial Services Group logo with Finance background

Avanza Fonder AB bought a new stake in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 22,516 shares of the insurance provider's stock, valued at approximately $2,463,000.

Several other hedge funds have also bought and sold shares of the company. Quest Partners LLC lifted its position in shares of 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 buying an additional 275 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in The Hartford Financial Services Group during the 2nd quarter valued at $2,755,000. Edgestream Partners L.P. boosted its position in The Hartford Financial Services Group by 32.2% during the second quarter. Edgestream Partners L.P. now owns 3,134 shares of the insurance provider's stock worth $315,000 after purchasing an additional 764 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of The Hartford Financial Services Group by 1.3% in the second quarter. Mutual of America Capital Management LLC now owns 81,577 shares of the insurance provider's stock valued at $8,202,000 after purchasing an additional 1,086 shares during the last quarter. Finally, Wealth Alliance raised its position in shares of The Hartford Financial Services Group by 14.5% in the second quarter. Wealth Alliance now owns 3,500 shares of the insurance provider's stock valued at $352,000 after purchasing an additional 443 shares during the period. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Adin M. Tooker sold 6,865 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were 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 of the company's stock, valued at $3,021,972.80. This represents a 21.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HIG shares. 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. Bank of America upped their target price on 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. BMO Capital Markets lifted their price target on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a "market perform" rating in a report on Wednesday, November 27th. StockNews.com raised The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Finally, Barclays raised The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $130.00 to $135.00 in a report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, The Hartford Financial Services Group currently has an average rating of "Moderate Buy" and an average price target of $122.28.

Get Our Latest Stock Report on The Hartford Financial Services Group

The Hartford Financial Services Group Price Performance

NYSE HIG traded down $0.52 on Friday, hitting $111.96. 1,211,283 shares of the company's stock were exchanged, compared to its average volume of 1,262,612. The stock has a 50-day moving average of $114.03 and a 200-day moving average of $112.57. The stock has a market cap of $32.45 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 0.76 and a beta of 0.98. 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 current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26.

The Hartford Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd were issued a $0.52 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.86%. This is a boost 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%.

The Hartford Financial Services Group Company Profile

(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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