The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. raised its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 124.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,039 shares of the insurance provider’s stock after purchasing an additional 3,905 shares during the quarter. Edgestream Partners L.P.’s holdings in The Hartford Financial Services Group were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HIG. DT Investment Partners LLC purchased a new stake in shares of The Hartford Financial Services Group in the third quarter valued at approximately $26,000. Clean Yield Group acquired a new stake in The Hartford Financial Services Group in the third quarter valued at $33,000. Quest Partners LLC boosted its position in shares of The Hartford Financial Services Group by 2,750.0% during the 2nd quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 275 shares in the last quarter. BNP Paribas acquired a new position in shares of The Hartford Financial Services Group during the 3rd quarter worth $35,000. Finally, Family Firm Inc. purchased a new position in shares of The Hartford Financial Services Group in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Down 0.2 %

Shares of NYSE HIG opened at $120.55 on Thursday. The firm has a market cap of $34.95 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 1.00 and a beta of 0.95. 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 Hartford Financial Services Group, Inc. has a 1 year low of $77.82 and a 1 year high of $124.90. The firm’s 50 day moving average price is $117.71 and its 200 day moving average price is $110.56.

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 issued a dividend of $0.52 per share. This is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.73%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 20.84%.

Analysts Set New Price Targets

A number of analysts recently commented on HIG shares. JPMorgan Chase & Co. boosted their price objective on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods upped their price target on The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Bank of America upped their target price on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group lifted their price target on The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, The Hartford Financial Services Group currently has a consensus rating of “Moderate Buy” and an average price target of $122.00.

Insider Activity

In related news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.04, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Company 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.