Cohen Klingenstein LLC Decreases Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Cohen Klingenstein LLC reduced its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 32.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 108,783 shares of the insurance provider's stock after selling 52,400 shares during the quarter. Cohen Klingenstein LLC's holdings in The Hartford Financial Services Group were worth $11,901,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. DT Investment Partners LLC purchased a new stake in The Hartford Financial Services Group in the 3rd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of The Hartford Financial Services Group by 3,342.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock valued at $26,000 after buying an additional 234 shares in the last quarter. Clean Yield Group purchased a new position in The Hartford Financial Services Group in the third quarter worth $33,000. Quest Partners LLC lifted its holdings in 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 acquiring an additional 275 shares during the period. Finally, BNP Paribas purchased a new stake in shares of The Hartford Financial Services Group during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 93.42% of the company's stock.

The Hartford Financial Services Group Trading Down 0.5 %

Shares of NYSE HIG traded down $0.52 on Friday, reaching $111.96. 1,211,283 shares of the company traded hands, compared to its average volume of 1,262,612. The Hartford Financial Services Group, Inc. has a fifty-two week low of $81.87 and a fifty-two week high of $124.90. The company has a 50 day moving average of $114.03 and a 200 day moving average of $112.66. The stock has a market capitalization of $32.45 billion, a PE ratio of 11.22, a P/E/G ratio of 0.76 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. Shareholders of record on Monday, December 2nd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Monday, December 2nd. This is a positive change from The Hartford Financial Services Group's previous quarterly dividend of $0.47. The Hartford Financial Services Group's dividend payout ratio (DPR) is 20.84%.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com upgraded shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Wells Fargo & Company decreased their price target on The Hartford Financial Services Group from $134.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on 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. Bank of America raised their price target 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. Finally, Jefferies Financial Group boosted their price objective on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $122.28.

Insider Activity

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction that occurred on 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. The trade was a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company's stock.

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.