Redhawk Wealth Advisors Inc. Increases Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Redhawk Wealth Advisors Inc. boosted its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 8.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,946 shares of the insurance provider’s stock after acquiring an additional 724 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in The Hartford Financial Services Group were worth $979,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC increased its stake in shares of 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 in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of The Hartford Financial Services Group by 7.8% in the second quarter. Envestnet Asset Management Inc. now owns 561,488 shares of the insurance provider’s stock worth $56,452,000 after acquiring an additional 40,778 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of The Hartford Financial Services Group by 3,770.8% during the second quarter. Brown Brothers Harriman & Co. now owns 8,477 shares of the insurance provider’s stock worth $852,000 after purchasing an additional 8,258 shares in the last quarter. One Capital Management LLC acquired a new position in The Hartford Financial Services Group in the 2nd quarter valued at $203,000. Finally, Citizens Financial Group Inc. RI lifted its holdings in The Hartford Financial Services Group by 39.6% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 7,288 shares of the insurance provider’s stock valued at $736,000 after purchasing an additional 2,068 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Trading Up 1.7 %

Shares of HIG stock opened at $111.27 on Thursday. The Hartford Financial Services Group, Inc. has a 1-year low of $81.87 and a 1-year high of $124.90. The firm has a market cap of $32.26 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. The company has a 50-day moving average of $114.31 and a two-hundred day moving average of $112.49. 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 Hartford Financial Services Group Increases Dividend

The business 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. The ex-dividend date was Monday, December 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.87%. This is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 20.84%.

Insider Activity at The Hartford Financial Services Group

In related news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 25,820 shares in the company, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Wells Fargo & Company dropped 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 note on Tuesday. BMO Capital Markets raised their target price 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. Bank of America upped their price target on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, UBS Group lifted their price objective on The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. 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 company’s stock. According to data from MarketBeat, The Hartford Financial Services Group currently has a consensus rating of “Moderate Buy” and a consensus target price 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.