5 Best Dividend Stocks to Buy According to Ira Unschuld’s Brant Point Investment

4. The Hartford Financial Services Group, Inc. (NYSE: HIG)

Unschuld’s Stake Value: $2,020,000
Percentage of Ira Unschuld’s 13F Portfolio: 0.22%
Dividend Yield: 2.25%
Number of Hedge Fund Holders: 57

The Hartford Financial Services Group, Inc. (NYSE: HIG) supplies insurance and financial services globally. It was founded in 1810 and is ranked fourth on the list of 10 best dividend stocks to buy according to Ira Unschuld’s Brant Point Investment. The Hartford currently has a $21.87 billion market capitalization and was able to deliver a 72.75% return in the past 12 months.

On May 20, The Hartford Financial Services Group, Inc. (NYSE: HIG) declared a quarterly dividend of $0.35 per share, in line with the previous. On May 3, BofA Securities initiated a coverage on The Hartford Financial with a “Neutral” rating and a price target of $75.00.

At the end of the first quarter of 2021, Brant Point Investment Management owned 30,250 shares in The Hartford worth $2.02 million. This represented 0.22% of the investment portfolio of Brant Point Investment Management. The company is getting the attention of the smart money, as 57 hedge funds tracked by Insider Monkey reported owning stakes in the company in the first quarter of 2021, up from 36 funds a quarter earlier. 

Miller/Howard Investments, in their first quarter 2021 investor letter, mentioned The Hartford Financial Services Group, Inc. (NYSE: HIG). Here is what the fund said:

“Financials were strong for the market, but our holdings did even better, with our five banks all doing well. Our biggest contributor to the entire portfolio was insurance company Hartford Financial (HIG) after it received a takeover bid from rival Chubb.”