The Hartford Financial Services Group, Inc. (NYSE:HIG) Position Lessened by State Street Corp

State Street Corp decreased its position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,446,669 shares of the insurance provider's stock after selling 90,389 shares during the quarter. State Street Corp owned about 5.67% of The Hartford Financial Services Group worth $1,941,988,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in The Hartford Financial Services Group by 31,680.4% during the third quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider's stock worth $816,310,000 after buying an additional 691,900 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings 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 worth $110,000,000 after acquiring an additional 277,295 shares during the period. Verition Fund Management LLC boosted its position in shares of 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 worth $29,243,000 after acquiring an additional 245,404 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position 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 purchasing an additional 221,778 shares during the last quarter. Finally, Lighthouse Investment Partners LLC raised 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 purchasing an additional 210,546 shares during the period. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Financial Services Group Stock Down 1.4 %

Shares of HIG stock traded down $1.68 during mid-day trading on Friday, reaching $119.54. 982,217 shares of the company were exchanged, compared to its average volume of 1,285,954. 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 business's 50 day simple moving average is $117.86 and its 200 day simple moving average is $110.81. The company has a market capitalization of $34.65 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.99 and a beta of 0.95. The Hartford Financial Services Group, Inc. has a fifty-two week low of $77.82 and a fifty-two week high of $124.90.

The Hartford Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be given a $0.52 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.74%. This is an increase from The Hartford Financial Services Group's previous quarterly dividend of $0.47. The Hartford Financial Services Group's payout ratio is presently 20.84%.

Insider Activity

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group 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 of the company's stock, valued at $3,021,972.80. The trade was a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Jefferies Financial Group upped their price objective on The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Barclays started coverage on 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. UBS Group boosted their target price on The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised 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 report on Friday, October 25th. Finally, StockNews.com upgraded shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $122.00.

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.