Hantz Financial Services Inc. Has $628,000 Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Hantz Financial Services Inc. lowered its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 7.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,336 shares of the insurance provider’s stock after selling 439 shares during the quarter. Hantz Financial Services Inc.’s holdings in The Hartford Financial Services Group were worth $628,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HIG. Atria Investments Inc acquired a new stake in The Hartford Financial Services Group during the 1st quarter worth approximately $1,328,000. Cetera Investment Advisers lifted its position in The Hartford Financial Services Group by 104.8% in the 1st quarter. Cetera Investment Advisers now owns 55,465 shares of the insurance provider’s stock valued at $5,716,000 after acquiring an additional 28,383 shares in the last quarter. Cetera Advisors LLC boosted its stake in The Hartford Financial Services Group by 64.8% in the 1st quarter. Cetera Advisors LLC now owns 17,472 shares of the insurance provider’s stock worth $1,800,000 after purchasing an additional 6,872 shares during the period. EverSource Wealth Advisors LLC increased its holdings in The Hartford Financial Services Group by 34.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 473 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 121 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of The Hartford Financial Services Group by 52.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,228 shares of the insurance provider’s stock valued at $123,000 after purchasing an additional 424 shares during the period. Institutional investors own 93.42% of the company’s stock.

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 on Friday, November 15th. The stock was 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 $3,021,972.80. This trade represents a 21.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Price Performance

NYSE:HIG opened at $123.31 on Monday. The firm’s fifty day moving average price is $117.46 and its two-hundred day moving average price is $110.23. 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 cap of $35.75 billion, a P/E ratio of 12.36, a P/E/G ratio of 1.01 and a beta of 0.94. The Hartford Financial Services Group, Inc. has a one year low of $76.65 and a one year high of $124.90.

The Hartford Financial Services Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be issued 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 yield of 1.69%. The ex-dividend date of this dividend is Monday, December 2nd. The Hartford Financial Services Group’s dividend payout ratio is currently 18.84%.

Analyst Upgrades and Downgrades

HIG has been the subject of a number of research reports. UBS Group increased their price objective on The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Bank of America lifted their price objective 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. StockNews.com raised shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Barclays started coverage on shares of The Hartford Financial Services Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $130.00 target price for the company. Finally, Keefe, Bruyette & Woods boosted their price target on shares of The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.00.

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.