Public Sector Pension Investment Board Acquires 1,000 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Public Sector Pension Investment Board grew its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,173 shares of the insurance provider’s stock after acquiring an additional 1,000 shares during the quarter. Public Sector Pension Investment Board’s holdings in The Hartford Financial Services Group were worth $6,018,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. CreativeOne Wealth LLC grew its stake in The Hartford Financial Services Group by 328.8% in the 3rd quarter. CreativeOne Wealth LLC now owns 11,343 shares of the insurance provider’s stock worth $1,334,000 after buying an additional 8,698 shares in the last quarter. BNP Paribas purchased a new position in The Hartford Financial Services Group in the third quarter worth $35,000. Freedom Investment Management Inc. increased its stake in The Hartford Financial Services Group by 9.8% in the third quarter. Freedom Investment Management Inc. now owns 9,218 shares of the insurance provider’s stock valued at $1,084,000 after acquiring an additional 825 shares during the last quarter. Townsquare Capital LLC raised its position in The Hartford Financial Services Group by 33.3% during the third quarter. Townsquare Capital LLC now owns 7,860 shares of the insurance provider’s stock valued at $924,000 after purchasing an additional 1,962 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. lifted its stake in The Hartford Financial Services Group by 47.4% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,533 shares of the insurance provider’s stock worth $181,000 after purchasing an additional 493 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

The Hartford Financial Services Group Stock Down 0.3 %

Shares of NYSE HIG opened at $123.31 on Friday. The firm has a fifty day simple moving average of $117.46 and a two-hundred day simple moving average of $110.16. The Hartford Financial Services Group, Inc. has a 12 month low of $76.65 and a 12 month high of $124.90. 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 firm has a market capitalization of $35.75 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 1.02 and a beta of 0.94.

The Hartford Financial Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a yield of 1.69%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 18.84%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. 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 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 report on Friday, November 15th. UBS Group increased their target price on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price target on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Barclays assumed coverage on The Hartford Financial Services Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $130.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.00.

Insiders Place Their Bets

In other news, EVP Adin M. Tooker sold 6,865 shares of the stock in a transaction that occurred 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 owns 25,820 shares of the company’s stock, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by company insiders.

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.