4,759 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC acquired a new position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,759 shares of the insurance provider's stock, valued at approximately $521,000.

Several other large investors also recently modified their holdings of HIG. DT Investment Partners LLC acquired a new stake in shares of The Hartford Financial Services Group during the third quarter worth approximately $26,000. Quest Partners LLC boosted its holdings in shares of The Hartford Financial Services Group by 2,750.0% in the 2nd 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 period. Clean Yield Group bought a new stake in shares of The Hartford Financial Services Group during the 3rd quarter valued at about $33,000. BNP Paribas acquired a new stake in The Hartford Financial Services Group during the third quarter worth about $35,000. Finally, Ashton Thomas Securities LLC bought a new position in The Hartford Financial Services Group in the third quarter worth about $40,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 value 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 legal filing with the SEC, which is available at this link. Insiders own 1.60% of the company's stock.

The Hartford Financial Services Group Price Performance

Shares of HIG traded up $1.26 during midday trading on Thursday, reaching $112.49. The stock had a trading volume of 1,268,407 shares, compared to its average volume of 1,507,871. 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 company has a market capitalization of $32.61 billion, a P/E ratio of 11.27, a P/E/G ratio of 0.76 and a beta of 0.98. The firm's 50 day moving average price is $114.20 and its 200-day moving average price is $112.48. The Hartford Financial Services Group, Inc. has a 52 week low of $81.87 and a 52 week high of $124.90.

The Hartford Financial Services Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd were given a $0.52 dividend. 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 annualized dividend and a yield of 1.85%. The Hartford Financial Services Group's payout ratio is 20.84%.

Analyst Upgrades and Downgrades

HIG has been the subject of several recent research reports. Wells Fargo & Company lowered their target price on The Hartford Financial Services Group from $134.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday. BMO Capital Markets increased 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 raised their target price for the company from $130.00 to $135.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their price target on shares of The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Finally, Jefferies Financial Group lifted their price objective on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $122.28.

About The Hartford Financial Services Group

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.