Versant Capital Management Inc Buys 181 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Versant Capital Management Inc boosted its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 62.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 470 shares of the insurance provider’s stock after purchasing an additional 181 shares during the period. Versant Capital Management Inc’s holdings in The Hartford Financial Services Group were worth $51,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HIG. DT Investment Partners LLC bought a new stake in The Hartford Financial Services Group in the 3rd quarter valued at approximately $26,000. Clean Yield Group bought a new stake in shares of The Hartford Financial Services Group in the third quarter worth $33,000. Quest Partners LLC boosted its holdings in The Hartford Financial Services Group by 2,750.0% during the second quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 275 shares during the last quarter. BNP Paribas bought a new position in The Hartford Financial Services Group in the third quarter valued at $35,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of The Hartford Financial Services Group during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Buying and Selling

In other news, EVP Adin M. Tooker sold 6,865 shares of the company’s 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 completion of the sale, the executive vice president now directly 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 SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

The Hartford Financial Services Group Trading Up 0.4 %

HIG stock opened at $109.50 on Monday. The Hartford Financial Services Group, Inc. has a 52 week low of $81.04 and a 52 week high of $124.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32. The company’s 50-day simple moving average is $114.75 and its 200 day simple moving average is $112.22. The company has a market capitalization of $31.74 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95.

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 1.90%. The ex-dividend date was Monday, December 2nd. The Hartford Financial Services Group’s payout ratio is 20.84%.

Wall Street Analyst Weigh In

HIG has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Jefferies Financial Group boosted their target price on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets increased their price target 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 note on Wednesday, November 27th. Bank of America boosted their price objective on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their target price on shares of The Hartford Financial Services Group from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Ten 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 stock. According to data from MarketBeat.com, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and a consensus target price of $122.00.

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.