CreativeOne Wealth LLC Buys 8,698 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

CreativeOne Wealth LLC increased its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 328.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,343 shares of the insurance provider's stock after buying an additional 8,698 shares during the period. CreativeOne Wealth LLC's holdings in The Hartford Financial Services Group were worth $1,334,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. DT Investment Partners LLC purchased a new stake in The Hartford Financial Services Group during the third quarter valued at about $26,000. Clean Yield Group purchased a new stake in shares of The Hartford Financial Services Group during the 3rd quarter valued at approximately $33,000. Quest Partners LLC boosted its holdings 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 worth $29,000 after buying an additional 275 shares during the period. Bank & Trust Co purchased a new position in The Hartford Financial Services Group in the 2nd quarter valued at approximately $30,000. Finally, BNP Paribas bought a new stake in The Hartford Financial Services Group during the 3rd quarter valued at $35,000. Institutional investors own 93.42% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HIG. Barclays initiated coverage on The Hartford Financial Services Group in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $130.00 price target for the company. Keefe, Bruyette & Woods lifted their target price on The Hartford Financial Services Group from $133.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price objective on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. StockNews.com raised shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Finally, Bank of America increased their target price on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Ten investment 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $122.00.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group 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 directly owns 25,820 shares in the company, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company's stock.

The Hartford Financial Services Group Trading Down 0.3 %

Shares of NYSE HIG traded down $0.43 during midday trading on Friday, reaching $123.31. The company had a trading volume of 816,408 shares, compared to its average volume of 1,590,110. The stock has a market cap 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, Inc. has a one year low of $76.65 and a one year high of $124.90. The firm's fifty day moving average price is $117.46 and its 200-day moving average price is $110.10. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26.

The Hartford Financial Services Group Increases Dividend

The business 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 dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.69%. 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. The Hartford Financial Services Group's dividend payout ratio is 18.84%.

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.