TKG Advisors LLC Purchases Shares of 19,181 The Hartford Financial Services Group, Inc. (NYSE:HIG)

TKG Advisors LLC bought a new position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,181 shares of the insurance provider's stock, valued at approximately $2,256,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HIG. International Assets Investment Management LLC lifted its holdings in The Hartford Financial Services Group by 31,680.4% in the third quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider's stock valued at $816,310,000 after acquiring an additional 691,900 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of The Hartford Financial Services Group by 72.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,335,594 shares of the insurance provider's stock worth $137,633,000 after buying an additional 559,019 shares during the period. Swedbank AB acquired a new position in shares of The Hartford Financial Services Group during the 1st quarter worth approximately $53,980,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of The Hartford Financial Services Group by 301.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 333,000 shares of the insurance provider's stock worth $34,316,000 after buying an additional 250,000 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of The Hartford Financial Services Group by 22.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,199,542 shares of the insurance provider's stock worth $141,078,000 after buying an additional 221,778 shares during the period. Institutional investors and hedge funds own 93.42% of the company's stock.

The Hartford Financial Services Group Trading Up 1.0 %

Shares of The Hartford Financial Services Group stock traded up $1.07 during trading hours on Monday, hitting $111.16. The company's stock had a trading volume of 1,410,604 shares, compared to its average volume of 1,608,357. The Hartford Financial Services Group, Inc. has a twelve month low of $72.87 and a twelve month high of $123.23. The firm has a fifty day moving average of $116.30 and a 200-day moving average of $107.60. The stock has a market cap of $32.22 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 0.91 and a beta of 0.94. 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 declared that its Board of Directors has approved a stock buyback plan on Thursday, July 25th that allows the company to repurchase $3.30 billion in outstanding shares. This repurchase authorization allows the insurance provider to buy up to 10.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

The Hartford Financial Services Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.87%. The ex-dividend date 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 20.84%.

Wall Street Analyst Weigh In

HIG has been the subject of several research analyst reports. Royal Bank of Canada upped their target price on The Hartford Financial Services Group from $105.00 to $115.00 and gave the stock a "sector perform" rating in a research note on Monday, July 29th. Jefferies Financial Group boosted 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 report on Wednesday, October 9th. 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 price target for the company. Argus upgraded The Hartford Financial Services Group to a "strong-buy" rating in a research report on Friday, August 2nd. Finally, Bank of America boosted their price target 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. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $120.88.

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.