Versant Capital Management Inc Has $51,000 Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Versant Capital Management Inc raised its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 62.6% in the 4th quarter, Holdings Channel reports. The firm owned 470 shares of the insurance provider’s stock after acquiring 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 institutional investors and hedge funds have also recently added to or reduced their stakes in HIG. Principal Financial Group Inc. raised its holdings in shares of The Hartford Financial Services Group by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 353,873 shares of the insurance provider’s stock worth $41,619,000 after buying an additional 6,605 shares in the last quarter. SMART Wealth LLC bought a new position in shares of The Hartford Financial Services Group in the third quarter worth about $258,000. Peapack Gladstone Financial Corp acquired a new stake in shares of The Hartford Financial Services Group in the 3rd quarter valued at approximately $420,000. Synovus Financial Corp grew its holdings in shares of The Hartford Financial Services Group by 4.0% during the 3rd quarter. Synovus Financial Corp now owns 10,029 shares of the insurance provider’s stock valued at $1,180,000 after purchasing an additional 384 shares during the last quarter. Finally, Tidal Investments LLC increased its position in The Hartford Financial Services Group by 73.0% during the 3rd quarter. Tidal Investments LLC now owns 17,774 shares of the insurance provider’s stock worth $2,090,000 after purchasing an additional 7,500 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

The Hartford Financial Services Group Stock Performance

NYSE HIG opened at $109.50 on Monday. 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 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, Inc. has a 52-week low of $81.04 and a 52-week high of $124.90. The company has a 50-day simple moving average of $114.75 and a 200 day simple moving average of $112.22.

The Hartford Financial Services Group Increases Dividend

The company 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 an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, December 2nd. This represents a $2.08 annualized dividend and a yield of 1.90%. The Hartford Financial Services Group’s dividend payout ratio is presently 20.84%.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.04, for a total value 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 approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. UBS Group increased their target price on The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods increased 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 report on Tuesday, October 29th. Wells Fargo & Company lifted their price objective on The Hartford Financial Services Group from $122.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 17th. Jefferies Financial Group boosted their target price 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. Finally, Bank of America increased their price target on The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.00.

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.