Clear Harbor Asset Management LLC Sells 4,842 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Clear Harbor Asset Management LLC reduced its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,439 shares of the insurance provider's stock after selling 4,842 shares during the period. The Hartford Financial Services Group comprises about 0.9% of Clear Harbor Asset Management LLC's investment portfolio, making the stock its 25th largest holding. Clear Harbor Asset Management LLC's holdings in The Hartford Financial Services Group were worth $10,988,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB grew its stake in shares of The Hartford Financial Services Group by 17.3% during the 4th quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock worth $430,272,000 after acquiring an additional 581,103 shares in the last quarter. AQR Capital Management LLC grew its position in The Hartford Financial Services Group by 4.9% in the second quarter. AQR Capital Management LLC now owns 1,497,960 shares of the insurance provider's stock valued at $150,605,000 after purchasing an additional 70,018 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in The Hartford Financial Services Group by 22.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,199,542 shares of the insurance provider's stock valued at $141,078,000 after buying an additional 221,778 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in The Hartford Financial Services Group by 42.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider's stock valued at $110,000,000 after buying an additional 277,295 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of The Hartford Financial Services Group by 437.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider's stock worth $95,322,000 after buying an additional 709,324 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the 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 sale, the executive vice president now directly owns 25,820 shares in the company, valued at $3,021,972.80. This represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company's stock.

The Hartford Financial Services Group Stock Performance

NYSE HIG traded down $0.05 during trading on Tuesday, reaching $111.88. The company's stock had a trading volume of 2,079,056 shares, compared to its average volume of 1,530,746. The firm has a 50 day moving average price of $113.92 and a 200 day moving average price of $112.83. The Hartford Financial Services Group, Inc. has a 12 month low of $85.19 and a 12 month high of $124.90. The firm has a market capitalization of $32.43 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 0.81 and a beta of 0.98. 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 declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 2nd were paid a $0.52 dividend. This is a boost from The Hartford Financial Services Group's previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Monday, December 2nd. The Hartford Financial Services Group's payout ratio is 20.84%.

Analysts Set New Price Targets

HIG has been the topic of a number of recent research reports. Bank of America lifted 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 upped their price objective on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 27th. Keefe, Bruyette & Woods raised their target price on shares of The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. JPMorgan Chase & Co. boosted their target price on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Finally, Barclays upgraded shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $130.00 to $135.00 in a research note on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, The Hartford Financial Services Group has a consensus rating of "Moderate Buy" and an average target price of $122.28.

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.