Dynamic Advisor Solutions LLC Sells 1,048 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Dynamic Advisor Solutions LLC lowered its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 32.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,190 shares of the insurance provider’s stock after selling 1,048 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in The Hartford Financial Services Group were worth $240,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in The Hartford Financial Services Group in the second quarter valued at about $2,755,000. The Manufacturers Life Insurance Company boosted its stake in shares of The Hartford Financial Services Group by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 357,259 shares of the insurance provider’s stock valued at $35,919,000 after purchasing an additional 5,149 shares in the last quarter. Creative Planning lifted its holdings in The Hartford Financial Services Group by 9.6% during the 2nd quarter. Creative Planning now owns 76,868 shares of the insurance provider’s stock valued at $7,728,000 after purchasing an additional 6,734 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in The Hartford Financial Services Group during the second quarter worth about $226,000. Finally, NewEdge Advisors LLC increased its holdings in shares of The Hartford Financial Services Group by 14.2% during the second quarter. NewEdge Advisors LLC now owns 43,454 shares of the insurance provider’s stock worth $4,369,000 after buying an additional 5,411 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Buying and Selling at The Hartford Financial Services Group

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 transaction of $803,479.60. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HIG shares. Bank of America lifted their price objective 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. Barclays upgraded shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $130.00 to $135.00 in a research report on Monday, January 6th. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. UBS Group boosted their target price 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. Finally, Wells Fargo & Company dropped their price objective on The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $122.28.

The Hartford Financial Services Group Trading Down 0.8 %

Shares of NYSE:HIG opened at $113.46 on Wednesday. The stock has a market capitalization of $32.89 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.81 and a beta of 0.98. The company’s 50-day moving average price is $113.36 and its two-hundred day moving average price is $113.26. 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, Inc. has a one year low of $85.34 and a one year high of $124.90.

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.