The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI lifted its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 65.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,472 shares of the insurance provider's stock after purchasing an additional 67,610 shares during the period. National Bank of Canada FI owned 0.06% of The Hartford Financial Services Group worth $20,049,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in The Hartford Financial Services Group by 31,680.4% in the 3rd quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider's stock valued at $816,310,000 after purchasing an additional 691,900 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of The Hartford Financial Services Group by 42.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider's stock valued at $110,000,000 after buying an additional 277,295 shares during the period. Verition Fund Management LLC lifted its holdings in The Hartford Financial Services Group by 7,564.9% in the third quarter. Verition Fund Management LLC now owns 248,648 shares of the insurance provider's stock valued at $29,243,000 after acquiring an additional 245,404 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in The Hartford Financial Services Group by 22.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,199,542 shares of the insurance provider's stock worth $141,078,000 after acquiring an additional 221,778 shares during the period. Finally, Lighthouse Investment Partners LLC increased its stake in The Hartford Financial Services Group by 237.1% during the second quarter. Lighthouse Investment Partners LLC now owns 299,364 shares of the insurance provider's stock worth $30,098,000 after acquiring an additional 210,546 shares during the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Adin M. Tooker sold 6,865 shares of the company's stock in a transaction 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 transaction, the executive vice president now owns 25,820 shares in the company, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HIG shares. Barclays assumed coverage on The Hartford Financial Services Group in a report on Wednesday, September 4th. They set an "equal weight" rating and a $130.00 price target for the company. UBS Group increased their target price on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a "buy" rating in a research note 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 company a "neutral" rating in a research note on Friday, October 25th. Bank of America increased their price objective on shares of 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. Finally, Wells Fargo & Company boosted their target price on The Hartford Financial Services Group from $122.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, September 17th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.00.

The Hartford Financial Services Group Stock Down 2.8 %

The Hartford Financial Services Group stock traded down $3.22 during trading on Tuesday, reaching $112.99. The stock had a trading volume of 2,817,925 shares, compared to its average volume of 1,590,393. 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, Inc. has a 52-week low of $78.33 and a 52-week high of $124.90. The stock has a market cap of $32.75 billion, a PE ratio of 11.32, a P/E/G ratio of 0.98 and a beta of 0.95. The business has a 50 day moving average price of $117.83 and a 200 day moving average price of $110.98.

The Hartford Financial Services Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.52 per share. This is a boost from The Hartford Financial Services Group's previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, December 2nd. The Hartford Financial Services Group's payout ratio is 20.84%.

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.