The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 13.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,753 shares of the insurance provider's stock after acquiring an additional 4,254 shares during the quarter. Daiwa Securities Group Inc.'s holdings in The Hartford Financial Services Group were worth $4,323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. DT Investment Partners LLC purchased a new position in shares of The Hartford Financial Services Group in the third quarter worth approximately $26,000. New Covenant Trust Company N.A. purchased a new position in shares of The Hartford Financial Services Group during the 1st quarter worth $26,000. Clean Yield Group purchased a new position in shares of The Hartford Financial Services Group during the 3rd quarter worth $33,000. Quest Partners LLC grew 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 valued at $29,000 after acquiring an additional 275 shares during the period. Finally, Bank & Trust Co purchased a new stake in shares of The Hartford Financial Services Group in the 2nd quarter worth $30,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of 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. Bank of America upped 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 report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price target on The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Jefferies Financial Group boosted their price objective on The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, Argus upgraded The Hartford Financial Services Group to a "strong-buy" rating in a research report on Friday, August 2nd. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.88.

The Hartford Financial Services Group Trading Up 0.9 %

HIG stock opened at $122.61 on Wednesday. The Hartford Financial Services Group, Inc. has a 12 month low of $76.65 and a 12 month high of $123.23. The firm's 50-day moving average is $117.02 and its 200 day moving average is $109.75. The company has a market capitalization of $35.54 billion, a PE ratio of 12.29, a P/E/G ratio of 1.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32.

The Hartford Financial Services Group Increases Dividend

The company 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 dividend of $0.52 per share. This is an increase from The Hartford Financial Services Group's previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Monday, December 2nd. The Hartford Financial Services Group's dividend payout ratio (DPR) is presently 18.84%.

Insider Buying and Selling at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of the company'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 completion of 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 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 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.