Janus Henderson Group PLC Has $61.85 Million Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Janus Henderson Group PLC cut its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 525,853 shares of the insurance provider's stock after selling 21,469 shares during the period. Janus Henderson Group PLC owned 0.18% of The Hartford Financial Services Group worth $61,845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HIG. Trust Co. of Vermont grew its stake in The Hartford Financial Services Group by 27.9% during the 3rd quarter. Trust Co. of Vermont now owns 403 shares of the insurance provider's stock valued at $47,000 after purchasing an additional 88 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of The Hartford Financial Services Group by 4.0% in the third quarter. Brooklyn Investment Group now owns 2,444 shares of the insurance provider's stock worth $287,000 after buying an additional 94 shares in the last quarter. Bailard Inc. grew its holdings in The Hartford Financial Services Group by 0.5% in the 2nd quarter. Bailard Inc. now owns 19,378 shares of the insurance provider's stock valued at $1,948,000 after buying an additional 101 shares in the last quarter. Catalina Capital Group LLC increased its position in The Hartford Financial Services Group by 4.3% during the third quarter. Catalina Capital Group LLC now owns 2,488 shares of the insurance provider's stock worth $293,000 after purchasing an additional 102 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its position in shares of The Hartford Financial Services Group by 1.9% during the 3rd quarter. Meeder Advisory Services Inc. now owns 5,621 shares of the insurance provider's stock valued at $661,000 after buying an additional 104 shares during the period. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

The Hartford Financial Services Group Trading Down 1.4 %

Shares of NYSE HIG traded down $1.68 during midday trading on Friday, hitting $119.54. The stock had a trading volume of 982,200 shares, compared to its average volume of 1,584,160. The company has a market capitalization of $34.65 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.99 and a beta of 0.95. 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 1-year low of $77.82 and a 1-year high of $124.90. The company has a fifty day moving average price of $117.81 and a 200 day moving average price of $110.63.

The Hartford Financial Services Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.74%. 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 (DPR) is 20.84%.

Insider Buying and Selling at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.04, for a total value of $803,479.60. Following the transaction, the executive vice president now directly owns 25,820 shares in the company, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays initiated coverage on shares of The Hartford Financial Services Group in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $130.00 price objective on the stock. Jefferies Financial Group lifted their target price 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. UBS Group upped their price target on shares of 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. BMO Capital Markets lifted 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 report on Wednesday, November 27th. Finally, StockNews.com upgraded shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.00.

About The Hartford Financial Services Group

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.