Oak Thistle LLC Purchases 3,628 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Oak Thistle LLC grew its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 125.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,528 shares of the insurance provider's stock after buying an additional 3,628 shares during the quarter. Oak Thistle LLC's holdings in The Hartford Financial Services Group were worth $714,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HIG. Nordea Investment Management AB raised its stake in The Hartford Financial Services Group by 17.3% in the 4th quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock valued at $430,272,000 after acquiring an additional 581,103 shares during the period. AQR Capital Management LLC increased its holdings in The Hartford Financial Services Group by 4.9% in the second quarter. AQR Capital Management LLC now owns 1,497,960 shares of the insurance provider's stock valued at $150,605,000 after purchasing an additional 70,018 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of The Hartford Financial Services Group by 22.7% in 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 purchasing an additional 221,778 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted 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 purchasing an additional 277,295 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in The Hartford Financial Services Group by 8.3% in the second quarter. APG Asset Management N.V. now owns 737,438 shares of the insurance provider's stock worth $69,178,000 after purchasing an additional 56,664 shares during the period. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Hartford Financial Services Group

In related 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 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 directly owns 25,820 shares in the company, valued at approximately $3,021,972.80. The trade was a 21.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company's stock.

The Hartford Financial Services Group Stock Performance

Shares of HIG stock traded up $1.26 during trading hours on Thursday, hitting $112.49. 1,257,543 shares of the company were exchanged, compared to its average volume of 1,506,784. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $32.61 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 0.76 and a beta of 0.98. The firm has a fifty day simple moving average of $114.20 and a 200 day simple moving average of $112.48. The Hartford Financial Services Group, Inc. has a 52-week low of $81.87 and a 52-week high of $124.90.

The Hartford Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd were given a $0.52 dividend. This is an increase from The Hartford Financial Services Group's previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Monday, December 2nd. The Hartford Financial Services Group's dividend payout ratio (DPR) is currently 20.84%.

Analyst Ratings Changes

HIG has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of The Hartford Financial Services Group from $134.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods upped their target price on shares of The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Bank of America lifted their price target on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Jefferies Financial Group increased their price objective on The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Finally, UBS Group lifted their target price on The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, The Hartford Financial Services Group has a consensus rating of "Moderate Buy" and an average target price of $122.28.

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.