Thurston Springer Miller Herd & Titak Inc. Boosts Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Thurston Springer Miller Herd & Titak Inc. grew its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3,342.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 241 shares of the insurance provider’s stock after purchasing an additional 234 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in The Hartford Financial Services Group were worth $26,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DT Investment Partners LLC purchased a new position in The Hartford Financial Services Group in the third quarter worth approximately $26,000. Quest Partners LLC lifted its stake 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 worth $29,000 after acquiring an additional 275 shares during the last quarter. Clean Yield Group purchased a new position in The Hartford Financial Services Group in the third quarter worth approximately $33,000. BNP Paribas purchased a new position in The Hartford Financial Services Group in the third quarter worth approximately $35,000. Finally, Ashton Thomas Securities LLC purchased a new position in The Hartford Financial Services Group in the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Keefe, Bruyette & Woods boosted their price objective 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. 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. JPMorgan Chase & Co. boosted their price objective on shares of 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. Finally, 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 for the company in a research report on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $122.28.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 25,820 shares in the company, valued at approximately $3,021,972.80. The trade was a 21.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Stock Performance

Shares of HIG opened at $111.96 on Friday. 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 stock has a market capitalization of $32.45 billion, a P/E ratio of 11.22, a P/E/G ratio of 0.76 and a beta of 0.98. The company’s fifty day moving average is $114.03 and its two-hundred day moving average is $112.57. The Hartford Financial Services Group, Inc. has a 1 year low of $81.87 and a 1 year high of $124.90.

The Hartford Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd were given a dividend of $0.52 per share. This is a positive change 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 1.86%. The ex-dividend date was Monday, December 2nd. The Hartford Financial Services Group’s payout ratio is presently 20.84%.

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.