Thrivent Financial for Lutherans Cuts Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Thrivent Financial for Lutherans decreased its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 8.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,571 shares of the insurance provider's stock after selling 6,243 shares during the period. Thrivent Financial for Lutherans' holdings in The Hartford Financial Services Group were worth $7,477,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in The Hartford Financial Services Group by 31,680.4% during the 3rd quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider's stock worth $816,310,000 after acquiring an additional 691,900 shares during the last quarter. Swedbank AB bought a new stake in The Hartford Financial Services Group in the 1st quarter worth about $53,980,000. Robeco Institutional Asset Management B.V. grew its position in 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 in the last quarter. Lighthouse Investment Partners LLC increased its stake in The Hartford Financial Services Group by 237.1% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 299,364 shares of the insurance provider's stock valued at $30,098,000 after buying an additional 210,546 shares during the last quarter. Finally, Achmea Investment Management B.V. boosted its stake in shares of The Hartford Financial Services Group by 168.8% in the 2nd quarter. Achmea Investment Management B.V. now owns 235,392 shares of the insurance provider's stock worth $23,666,000 after buying an additional 147,823 shares during the last quarter. Institutional investors own 93.42% of the company's stock.

Analyst Upgrades and Downgrades

HIG has been the topic of a number of recent analyst reports. Bank of America lifted their price target on The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their target price on The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Barclays assumed coverage on shares of 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. Royal Bank of Canada lifted their price objective on shares of The Hartford Financial Services Group from $105.00 to $115.00 and gave the stock a "sector perform" rating in a research report on Monday, July 29th. Finally, Piper Sandler increased their target price on shares of The Hartford Financial Services Group from $112.00 to $125.00 and gave the company an "overweight" rating in a research report on Monday, July 29th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $120.88.

The Hartford Financial Services Group Stock Performance

NYSE:HIG opened at $120.72 on Friday. 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, Inc. has a 52-week low of $76.65 and a 52-week high of $123.23. The firm has a market cap of $35.00 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 0.96 and a beta of 0.94. The business's fifty day moving average is $116.81 and its 200 day moving average is $109.32.

The Hartford Financial Services Group Increases Dividend

The company also recently disclosed 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. This is a positive change 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 dividend yield of 1.72%. The ex-dividend date of this dividend is Monday, December 2nd. The Hartford Financial Services Group's dividend payout ratio (DPR) is 18.84%.

Insider Activity at The Hartford Financial Services Group

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

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.