The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,445 shares of the insurance provider’s stock after acquiring an additional 122 shares during the period. Summit Trail Advisors LLC’s holdings in The Hartford Financial Services Group were worth $407,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new position in The Hartford Financial Services Group in the 1st quarter valued at about $26,000. DT Investment Partners LLC acquired a new position in The Hartford Financial Services Group in the 3rd quarter valued at about $26,000. Quest Partners LLC increased its position in The Hartford Financial Services Group by 2,750.0% in the 2nd quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 275 shares during the period. Bank & Trust Co acquired a new position in The Hartford Financial Services Group in the 2nd quarter valued at about $30,000. Finally, Family Firm Inc. acquired a new position in The Hartford Financial Services Group during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Activity at The Hartford Financial Services Group

In related news, EVP Adin M. Tooker sold 6,865 shares of the company’s 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HIG. Barclays began coverage on The Hartford Financial Services Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $130.00 target price on the stock. Bank of America boosted their target price on The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Argus upgraded The Hartford Financial Services Group to a “strong-buy” rating in a research report on Friday, August 2nd. Keefe, Bruyette & Woods boosted their target price on The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. boosted their target price 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. 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 company’s stock. According to MarketBeat, The Hartford Financial Services Group presently has a consensus rating of “Moderate Buy” and an average target price of $120.88.

The Hartford Financial Services Group Price Performance

HIG stock opened at $122.61 on Wednesday. The Hartford Financial Services Group, Inc. has a 1 year low of $76.65 and a 1 year high of $123.23. 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 stock’s 50 day moving average price is $117.02 and its 200 day moving average price is $109.75. The firm has a market cap of $35.54 billion, a P/E ratio of 12.29, a PEG ratio of 0.99 and a beta of 0.94.

The Hartford Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 2nd will be paid a $0.52 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.70%. 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%.

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.