Hancock Whitney Corp Acquires 129 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Hancock Whitney Corp raised its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,816 shares of the insurance provider’s stock after purchasing an additional 129 shares during the quarter. Hancock Whitney Corp’s holdings in The Hartford Financial Services Group were worth $1,978,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Concurrent Investment Advisors LLC bought a new stake in The Hartford Financial Services Group during the 2nd quarter valued at about $213,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of The Hartford Financial Services Group by 27.6% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 221,896 shares of the insurance provider’s stock valued at $22,309,000 after purchasing an additional 48,004 shares during the period. Atria Investments Inc bought a new position in The Hartford Financial Services Group in the first quarter worth approximately $1,328,000. Lecap Asset Management Ltd. bought a new position in The Hartford Financial Services Group in the third quarter worth approximately $633,000. Finally, Manning & Napier Advisors LLC bought a new stake in The Hartford Financial Services Group during the 2nd quarter valued at $11,060,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the 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 sale, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

The Hartford Financial Services Group Price Performance

Shares of NYSE:HIG opened at $121.53 on Tuesday. The Hartford Financial Services Group, Inc. has a twelve month low of $76.65 and a twelve month high of $123.23. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. The company has a market cap of $35.23 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94. The company’s 50 day moving average is $116.91 and its 200 day moving average is $109.60.

The Hartford Financial Services Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.71%. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The Hartford Financial Services Group’s dividend payout ratio is presently 18.84%.

Analysts Set New Price Targets

HIG has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price objective on The Hartford Financial Services Group from $122.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, September 17th. StockNews.com upgraded shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Argus upgraded shares of The Hartford Financial Services Group to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, Jefferies Financial Group lifted their price target on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.88.

The Hartford Financial Services Group Profile

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.