Caisse DE Depot ET Placement DU Quebec Grows Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Caisse DE Depot ET Placement DU Quebec increased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 42.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 935,298 shares of the insurance provider's stock after acquiring an additional 277,295 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.32% of The Hartford Financial Services Group worth $110,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of The Hartford Financial Services Group by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 5,809,358 shares of the insurance provider's stock worth $584,177,000 after purchasing an additional 69,007 shares during the period. AQR Capital Management LLC raised its stake in The Hartford Financial Services Group by 4.9% during the second quarter. AQR Capital Management LLC now owns 1,497,960 shares of the insurance provider's stock worth $150,605,000 after buying an additional 70,018 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in The Hartford Financial Services Group by 2.4% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,367,400 shares of the insurance provider's stock worth $137,478,000 after buying an additional 31,806 shares during the last quarter. Bahl & Gaynor Inc. raised its stake in The Hartford Financial Services Group by 3.4% during the second quarter. Bahl & Gaynor Inc. now owns 1,229,133 shares of the insurance provider's stock worth $123,577,000 after buying an additional 40,400 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in The Hartford Financial Services Group by 22.7% during 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 buying an additional 221,778 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company's stock.

The Hartford Financial Services Group Trading Down 0.3 %

NYSE HIG traded down $0.43 during trading on Friday, hitting $123.31. The stock had a trading volume of 816,408 shares, compared to its average volume of 1,369,375. The company has a market capitalization of $35.75 billion, a PE ratio of 12.36, a PEG ratio of 1.01 and a beta of 0.94. 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 firm has a 50 day moving average price of $117.46 and a 200 day moving average price of $110.23. The Hartford Financial Services Group, Inc. has a twelve month low of $76.65 and a twelve month high of $124.90.

The Hartford Financial Services Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 2nd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.69%. This is an increase from The Hartford Financial Services Group's previous quarterly dividend of $0.47. The ex-dividend date is Monday, December 2nd. The Hartford Financial Services Group's dividend payout ratio is 18.84%.

Analysts Set New Price Targets

HIG has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted 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 report on Friday, October 25th. UBS Group boosted their target price on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Barclays began coverage on shares of The Hartford Financial Services Group in a report on Wednesday, September 4th. They set an "equal weight" rating and a $130.00 target price on the stock. 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, BMO Capital Markets upped their price objective on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a research note on Wednesday. Ten 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $122.00.

Insider Activity 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 stock was sold at an average price of $117.04, for a total transaction of $803,479.60. Following the completion of the sale, the executive vice president now owns 25,820 shares in the company, valued at $3,021,972.80. This represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.