Wedge Capital Management L L P NC Sells 12,753 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Wedge Capital Management L L P NC trimmed its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 323,520 shares of the insurance provider's stock after selling 12,753 shares during the quarter. Wedge Capital Management L L P NC owned 0.11% of The Hartford Financial Services Group worth $35,393,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. DT Investment Partners LLC bought a new stake in shares of The Hartford Financial Services Group in the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in The Hartford Financial Services Group by 3,342.9% during the 4th 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 during the last quarter. Clean Yield Group bought a new stake in The Hartford Financial Services Group during the 3rd quarter valued at $33,000. Quest Partners LLC raised its holdings in The Hartford Financial Services Group by 2,750.0% during 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 last quarter. Finally, BNP Paribas bought a new stake in The Hartford Financial Services Group during the 3rd quarter valued at $35,000. 93.42% of the stock is currently owned by institutional investors.

The Hartford Financial Services Group Stock Down 0.5 %

Shares of NYSE:HIG traded down $0.52 during midday trading on Friday, reaching $111.96. The company's stock had a trading volume of 1,211,283 shares, compared to its average volume of 1,262,612. The Hartford Financial Services Group, Inc. has a 12-month low of $81.87 and a 12-month high of $124.90. The firm has a 50 day moving average of $114.03 and a 200-day moving average of $112.57. The firm has a market capitalization of $32.45 billion, a P/E ratio of 11.22, a PEG ratio of 0.76 and a beta of 0.98. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 2nd were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.86%. This is an increase from The Hartford Financial Services Group's previous quarterly dividend of $0.47. The ex-dividend date was Monday, December 2nd. The Hartford Financial Services Group's dividend payout ratio is 20.84%.

Analyst Ratings Changes

A number of equities research analysts recently commented on HIG shares. Bank of America upped their price target on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Barclays upgraded shares of 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 report on Monday, January 6th. Wells Fargo & Company reduced their price objective on shares of The Hartford Financial Services Group from $134.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday. BMO Capital Markets boosted their price objective on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. 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 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $122.28.

Insider Activity at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the company'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 owns 25,820 shares in the company, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

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.