Tidal Investments LLC Has $2.09 Million Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Tidal Investments LLC grew its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 73.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,774 shares of the insurance provider's stock after buying an additional 7,500 shares during the period. Tidal Investments LLC's holdings in The Hartford Financial Services Group were worth $2,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont grew its stake in shares of The Hartford Financial Services Group by 27.9% in the third quarter. Trust Co. of Vermont now owns 403 shares of the insurance provider's stock valued at $47,000 after acquiring an additional 88 shares in the last quarter. Brooklyn Investment Group grew its position in shares of The Hartford Financial Services Group by 4.0% during the 3rd quarter. Brooklyn Investment Group now owns 2,444 shares of the insurance provider's stock worth $287,000 after purchasing an additional 94 shares in the last quarter. Bailard Inc. grew its position in shares of The Hartford Financial Services Group by 0.5% during the 2nd quarter. Bailard Inc. now owns 19,378 shares of the insurance provider's stock worth $1,948,000 after purchasing an additional 101 shares in the last quarter. Catalina Capital Group LLC increased its holdings in shares of 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 period. Finally, Meeder Advisory Services Inc. raised its position in shares of The Hartford Financial Services Group by 1.9% in the third 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 in the last quarter. Institutional investors and hedge funds own 93.42% of the company's stock.

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 dated Friday, November 15th. The stock was sold at an average price of $117.04, for a total transaction of $803,479.60. Following the transaction, the executive vice president now directly owns 25,820 shares of the company's stock, valued at approximately $3,021,972.80. The trade was a 21.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

The Hartford Financial Services Group Price Performance

Shares of NYSE:HIG traded down $1.68 during trading on Tuesday, hitting $109.05. 2,117,029 shares of the company were exchanged, compared to its average volume of 1,600,129. The Hartford Financial Services Group, Inc. has a 1-year low of $78.33 and a 1-year high of $124.90. The company has a market capitalization of $31.61 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 0.93 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 business's 50 day moving average is $117.33 and its 200-day moving average is $111.37.

The Hartford Financial Services Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.52 per share. This is a boost from The Hartford Financial Services Group's previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Monday, December 2nd. The Hartford Financial Services Group's payout ratio is 20.84%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HIG. Bank of America increased their price target on The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. StockNews.com raised The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Barclays initiated coverage on The Hartford Financial Services Group in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $130.00 price target for the company. Jefferies Financial Group increased their price objective on shares of 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, BMO Capital Markets raised their target price on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a report on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, The Hartford Financial Services Group has a consensus rating of "Moderate Buy" and a consensus target price of $122.00.

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.