Accurate Wealth Management LLC Has $464,000 Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Accurate Wealth Management LLC increased its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,361 shares of the insurance provider’s stock after buying an additional 548 shares during the period. Accurate Wealth Management LLC’s holdings in The Hartford Financial Services Group were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HIG. Quest Partners LLC raised its position in shares of 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 valued at $29,000 after buying an additional 275 shares in the last quarter. Envestnet Asset Management Inc. raised its position 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 valued at $56,452,000 after buying an additional 40,778 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of The Hartford Financial Services Group by 3,770.8% in the second quarter. Brown Brothers Harriman & Co. now owns 8,477 shares of the insurance provider’s stock valued at $852,000 after buying an additional 8,258 shares in the last quarter. One Capital Management LLC acquired a new stake in shares of The Hartford Financial Services Group in the second quarter valued at approximately $203,000. Finally, Citizens Financial Group Inc. RI raised its position in shares of The Hartford Financial Services Group by 39.6% in the second quarter. Citizens Financial Group Inc. RI now owns 7,288 shares of the insurance provider’s stock valued at $736,000 after buying an additional 2,068 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Financial Services Group Stock Performance

NYSE HIG opened at $111.27 on Thursday. 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 Hartford Financial Services Group, Inc. has a fifty-two week low of $81.87 and a fifty-two week high of $124.90. The stock has a market cap of $32.26 billion, a PE ratio of 11.15, a PEG ratio of 0.92 and a beta of 0.98. The firm’s fifty day moving average price is $114.31 and its two-hundred day moving average price is $112.49.

The Hartford Financial Services Group Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.87%. The Hartford Financial Services Group’s payout ratio is currently 20.84%.

Insider Buying and Selling

In related 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 value of $803,479.60. Following the sale, the executive vice president now owns 25,820 shares of the company’s stock, valued at $3,021,972.80. The trade was a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays upgraded shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $130.00 to $135.00 in a research report on Monday, January 6th. 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. Wells Fargo & Company lowered 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. Keefe, Bruyette & Woods boosted their price objective on shares of The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, The Hartford Financial Services Group 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.